credit guarantees | Impact Entrepreneur

Bridging the Gap in Accessibility of Finance in India

Bridging the Gap in Accessibility of Finance in India

by Ratika Kapoor | Asia, Editor's Picks, Scaling Solutions, SDG 1 - No Poverty, SDG 10 - Reduced Inequalities, Stakeholder Capitalism, Tech for Social Good

The credit gap for micro, small and medium enterprises (MSMEs) in India is estimated by World Bank to be USD 380 billion. Approximately, only 16 per cent of MSMEs in India receive formal credit while the others are under-financed or financed through informal sources....