It was less than a year ago that Prime Minister Narendra Modi launched the second phase of the Swachh Bharat Mission-Urban Mission to make all cities of India ‘garbage free’. Indian micro, small and medium enterprises (MSME) are struggling everyday in order to make that dream of Swachh Bharat into a reality.

It was less than a year ago that Prime Minister Narendra Modi launched the second phase of the Swachh Bharat Mission-Urban Mission to make all cities of India ‘garbage free’. Indian micro, small and medium enterprises (MSME) are struggling everyday in order to make that dream of Swachh Bharat into a reality.

It is widely acknowledged that the micro, small and medium enterprises (MSME) sector has become the central nerve of India’s economy in these past few decades. The glaring asymmetry between the MSMEs that require credit and those that receive it has also not gone unnoticed. NBFCs have become a pivotal part of the mechanism in closing this gap, by widening the reach of financial services thereby enhancing MSMEs’ resilience.

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