Trade finance has always been an essential component of the global supply chain. However, with the advent of a globalised world, supply chains have become more complex, involving multiple tiers of suppliers. The Micro, Small and Medium Enterprises (MSMEs) sector has also grown in importance, contributing as much as 30% to India’s GDP.
https://economictimes.indiatimes.com/small-biz/sme-sector/deep-tier-financing-in-india-the-future-of-sustainable-supply-chain-finance/articleshow/101588904.cms?from=mdr