With a massive credit gap of $530 billion, micro, small, and medium enterprises (MSMEs) in India are facing a significant challenge in accessing credit. Out of the 64 million MSMEs, only 14 percent have the opportunity to secure funding, highlighting the urgent need to bridge this credit gap.
MSMEs grapple with substantial fundraising hurdles, notably the scarcity of collateral and stringent credit requirements. This dilemma is exacerbated by their limited financial literacy and a complex regulatory landscape, which obfuscates their access to diverse financing avenues. Furthermore, their often-nascent credit history and lack of a proven track record impede their ability to attract investors, compelling many to resort to costlier, informal lending channels.
This webinar on “MSME Funding: Overcoming Fundraising Challenges” will shed light on the existing and new challenges MSMEs face in securing funding and also discuss their potential solutions. The webinar will also act as a platform for various stakeholders to collaborate and share their valuable insights.
Key discussion points:
• Role of emerging technologies in bridging the credit gap
• Ways to encourage investments in MSME issuances.
• The Open Credit Enablement Network (OCEN): A game-changer
• Budget expectations 2024
