"How supply chain financing will prove a boon for the MSME sector"
Micro, Small, and Medium Enterprises (MSMEs) businesses are known as the backbone of the Indian economy. According to World Bank data, MSMEs are the largest employers in developing countries despite having the least financial and regulatory support. Considering the significance of MSMEs to economic growth, it is crucial to assist them by removing working capital-related barriers to growth. SCF (supply chain finance) is critical to accelerating MSME growth. SCF refers to technology-based solutions to lower financing costs and increase business efficiency for buyers and sellers in a sales transaction. It helps them by bridging financial gaps and providing desperately needed liquidity.