How MSME sector is likely to be driven in 2023 by technology adoption?

Since the develop ment of micro, small, and medium enterprises (MSME) financing in India has also been significantly influenced by the expansion of neobanks and digital payment channels, the MSME lending environment in India is actively transforming as 2023 draws closer. MSMEs have benefited greatly from digitalization, including a larger client base, less need for staff, production efficiency during an economic downturn, ease of facilitating transactions between buyers and sellers, and many other things since the government has been consciously advancing initiatives to support the growth of MSMEs in India.

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