SME Financing Challenges in India: Addressing Growth Hurdles

August 22, 2023 ⚊ 1 Min read ⚊ Views 35 ⚊ BLOG

In India, Small Medium Enterprises (SMEs) form a significant backbone of the economy, employing millions. However, SME financing remains a formidable obstacle to their growth. Research by the International Finance Corporation (IFC) indicates that around 40% of formal and informal SMEs face substantial unmet financing needs. The Indian SME sector now faces a credit shortage exceeding 16 lakh crores, despite displaying a robust 10% YoY CAGR.

Read details: https://www.oxyzo.in/blogs/smes-financing-access-to-diversified-financial-instruments/12023

Tags: Business Finance, finance for busines, Sme finance

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