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A potential $220 billion credit deficit poses a roadblock to unlocking the economic potential of millions of digitized businesses, said India Digital SME Credit report 2023 by GetVantage and Redseer Strategy Consultants estimating $165 billion as serviceable when adjusted for sick and commercially unviable businesses. https://economictimes.indiatimes.com/industry/banking/finance/alternate-financing-to-capitalize-on-the-500-billion-sme-credit-opportunity-in-india-says-new-report/articleshow/103016212.cms?from=mdr

Infor Nexus and DBS Bank collaborated to enhance pre-shipment financing for small and medium-sized enterprises (SME) suppliers in the Infor Nexus supply chain ecosystem, the companies announced on Friday. In order to bolster pre-shipment financing, this trade financing solution will utilise historical data from the Infor Nexus platform to provide data-based lending solutions which will

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

MSMEs are the backbone of any economy, accounting for a large portion of employment, production and exports in most countries. In fact, 33% of India’s GDP comes from the MSME industry — this sector is also responsible for the generation of over 120 million jobs across various industries, all of which contributes to wealth creation.