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MSME funding: How FinTechs can help address credit gap for small businesses A symbiotic relationship between banks and digital NBFCs can lead the way towards a win-win situation for all The introduction of the Co-Lending Model (CLM) allows banks and registered NBFCs to co-lend to provide credit The MSME (Micro, Small and Medium Enterprises) sector is emerging as one of the most significant pillars of the Indian economy as it contributes largely towards nation-building. MSME has emerged as the growth engine of the economy with a vast network of about 6.33 crore enterprises contributing 30 per cent of our nominal Gross Domestic Product (GDP) and 48 per cent to exports, said RBI Governor Shaktikanta Das, while addressing an event last week on the occasion of 185th Foundation Day Celebration of Bombay Chamber of Commerce and Industry.

Shaktikanta dasMedium enterprisesFoundation day celebration of bombay chamberGross domestic productFoundation day celebrationBombay chamberCo lending modelMicro small and medium enterprisesMsme sectorNon banking financial companyCredit accessMsme fundingSmall businessesDigital lendingநடுத்தர நிறுவனங்கள்அடித்தளம் நாள் கொண்டாட்டம் ஆஃப் குண்டு அறை