Access to Financing

To improve MSMEs’ access to finance, Draft MSME Policy had suggested uniformity in various loan application formats; developing customised products for the financing needs based on expected cash flows; using substitute information like a bank statement, GST data, standardized scorecards to evaluate the creditworthiness of MSMEs; switching from the balance sheet or turnover based working capital financing to cash flow based, or supply chain/ cluster-based financing; and disposing loan applications with in-principal approvals within 7-10 days.

This session aims to deliberate on possibility of above suggesions being implemented on ground, viability of various Emerging Fintech platforms, which are working towards providing innovative financing products for MSMEs and their benefits; ways to improve creditworthiness of MSMEs and how traditional banking and newly evoving fintech ecosystem can support aspiring MSMEs to go global.

Видео Access to Financing канала FICCI India