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Centralised digital layer can help bridge ₹60 trn MSME credit gap: Report
India's MSME sector faces a formal credit gap of around Rs 60 lakh crore, with existing institutional channels meeting only 30-40 per cent of the debt demand of smaller enterprises, a report said. However, the report said a centralised interoperable digital layer designed to seamlessly connect key economic stakeholders -- including businesses, banks, financiers, payment providers and public systems could help bridge the credit gap of MSMEs, while unlocking productivity across the country's form…
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