How supply chain finance will prove a boon for the MSME sector
Micro, Small and Medium Enterprises (MSMEs) are known as the backbone of the Indian economy. According to World Bank data, MSMEs are the largest employers in developing countries, although they receive the least financial and regulatory support. Given the importance of MSMEs for economic growth, it is crucial to support them by removing working capital barriers to growth. SCF (supply chain finance) is key to accelerating the growth of MSMEs.