This partnership marks a major milestone in cross-border payments, benefiting MSMEs in manufacturing and services sectors. BriskPe, a pioneering cross-border...
ITI limited organized a Conclave for Start-up Companies (on July 18, 2023), for MSMEs under Digital Communication Innovation Square (DCIS), GOI Scheme (on July 20,...
By Parry Singh According to the Standing Committee on Finance report, India’s growth engine, the MSMEs, face an oversize credit gap of around Rs 20-25 lakh crores. A credit gap refers to the difference between the demand for the credit and its supply from the formal channels. In fact, the ACCA report highlights that this credit gap has been worsening over the last five years. Furthermore, over 80% of the MSMEs have no access to formal financing. The micro, small, and medium enterprises (MSME) sector is key to nurturing economic...
Small Industries Development Bank of India (SIDBI), the country’s Principal Financial Institution engaged in the promotion, financing and development of...