Digital Finance for MSMEs in India

Alternative Perspectives

Promoting Access to Digital Marketplaces for SMEs in India

The COVID-19 crisis is hitting micro, small, and medium sized enterprises (MSMEs) especially hard. Access to finance is of paramount importance for the survival of firms. The promotion of accounting standards that are both aligned with good practice and take into consideration the specific challenges of MSMEs contribute to improvements in access to finance. Services or skills in setting and maintaining proper accounts and generating meaningful financial statements can enhance MSMEs chances of accessing financial resources during a global crisis. Read More

Grassroot Initiatives

Digital Transformation for Micro, Small & Medium Enterprises (MSMEs) in India
Micro, Small, and Medium Enterprises (MSMEs) are an important growth engine of the Indian economy. With over 60 million business units, the sector contributes to 29% of India's GDP, 40% of exports and employs over 110 million people (Airtel, 2020). These businesses are looking for reliable, secure connectivity and digital platforms that will add to their efficiency and competitiveness. Bharti Airtel (Airtel), India's premier communication solutions provider partnered with the National Small Industries Corporation(NSIC), a Government of India Enterprise to accelerate the digital transformation of Micro, Small, and Medium Enterprises (MSMEs) in India.
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Data and Trends

IN THE NEWS

DBS Bank's handcrafted solutions to empower MSMEs across India

The Micro, Small and Medium Enterprise (MSME) sector is the backbone of the national economic structure and has unremittingly acted as the bulwark for the Indian economy. Read More

Mswipe looks to transform into a digital bank for small merchants

Mswipe is looking to transform into a full digital bank for small merchants by offering them more focused products. Read More

Indian Bank's MSME Prerana launched in Telangana

Indian Bank has provided financial support to its 20 lakh MSMEs with credit exposure of over Rs 70,180 crore. Read More

The digital transformation of SMEs is likely to become permanent

Many SMEs are turning digital to survive the current Covid crisis, but are keen on continuing the transformation journey. Read More

UPCOMING EVENT

SME Finance Forum - Member Spotlight with Access Holding: Digitalization for the Bottom-Of-The-Pyramid
11 August 2021 | 5:30 PM - 7:00 PM IST

In this Member Spotlight session, key staff of the bank will speak about their journey to become a customer-centric digital financial service provider dedicated to the needs of small-scale entrepreneurs and underserved client segments, typical obstacles along the way and how to remove them. Read More

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