The Economic Times RiseJul 25, 2022"Why India needs a new fintech platform for MSMEs" As India embarks on a journey to become truly self-reliant and ensure ‘Atmanirbhar Bharat’ becomes a reality, the manufacturing sector, especially the Micro, Small & Medium Enterprises (MSMEs), will be the flag bearers of this movement. But, first, we must iron out the creases in their path and remove the bottlenecks. A jarring bottleneck is the lack of smooth access to credit and liquidity, disrupting the supply chain. MSMEs invest in raw materials and labor prior to manufacturing and subsequently have to provide 30-60 days of credit to their customers: delayed payments from customers risks derailing the execution of future orders.Read more at The Economic Times Rise
As India embarks on a journey to become truly self-reliant and ensure ‘Atmanirbhar Bharat’ becomes a reality, the manufacturing sector, especially the Micro, Small & Medium Enterprises (MSMEs), will be the flag bearers of this movement. But, first, we must iron out the creases in their path and remove the bottlenecks. A jarring bottleneck is the lack of smooth access to credit and liquidity, disrupting the supply chain. MSMEs invest in raw materials and labor prior to manufacturing and subsequently have to provide 30-60 days of credit to their customers: delayed payments from customers risks derailing the execution of future orders.Read more at The Economic Times Rise
