The India Digital SME Credit Report 2023 projects that during the next five years, there will be a demand for credit exceeding $570 billion due to the expected doubling of digital small and medium companies (SMEs). According to a report released by Redseer Strategy Consultants and the alternative finance platform GetVantage, there may be a $220 billion credit shortfall that might limit the economic potential of millions of digitised firms. Redseer experts predict that $165 billion of the $220 billion requirement (as of financial year 2022) can be serviced after accounting for sick and financially unviable firms. The market received $53 billion infusions through various routes in FY22, but the working capital imbalance is at $112 billion as of right now.