IFC, a member of the World Bank Group, has released a new study that finds financial institutions meet only one-fourth of the financing demand of micro, small and medium enterprises in India, noting that a sizeable part of this unfulfilled opportunity is viable.
The study estimates the overall finance shortfall for micro, small and medium enterprises to be over $ 400 billion. Formal sources are able to channel only $ 140 billion. Banks can address the sector’s debt and equity financing requirement of over $ 70 billion, it estimates.
The study , Micro, Small and Medium Enterprise Finance in India: A Research Study on Needs, Gaps and Way Forward can be downloaded at the link below :
Download report on Micro,Small and Medium Enterprises in India
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