Despite considerable progress in financial inclusion, MSMEs in India continue to face significant challenges in accessing financing. World Bank data indicates that only 15% of MSMEs in India have a bank loan, compared to 45% in “Rapid Reformer” countries
https://economictimes.indiatimes.com/small-biz/sme-sector/a-latvian-lesson-how-india-can-ensure-msmes-get-loans-more-easily/articleshow/101356547.cms?from=mdr