MSME: Banks, NBFCs or maybe fintechs. Who is in a better position to plug the $240 billion credit gap for MSMEs?

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For 65 million Indian MSMEs that contribute over 45% of the nation’s manufacturing output, a lack of timely and adequate access to funding remains their Achilles’ heel. A report by an IFC-Intellecap in 2019 on unmet credit gap had pegged it at around a massive $240 billion (about Rs 17.40 lakh crore). Given the vulnerabilities … Read more