- Financial Express
$530 billion massive credit gap in India’s MSME sector out of $819 billion addressable demand: Repor
Credit and finance for MSMEs: Investment banking company Avendus Capital in a thought paper on MSME lending on Monday estimated an astounding credit gap of $530 billion in the MSME sector. Out of over 64 million MSMEs in India, the report said only 14 per cent have access to credit. While the overall finance demand by MSMEs was pegged around $1,955 billion with a 3.8x debt-to-equity ratio, the total demand for debt-based finance was approximately $1,544 billion.