Micro, Small, and Medium Enterprises (MSME) are essential gears in India’s economic growth engine. Over the past two years, the sector has witnessed 2X growth, contributing approximately 30% of India's GDP.
While reports claim MSMEs have the potential to fuel India's goal to become a $5 trillion economy by 2025, the industry continues to face a vast credit gap of INR 25 trillion. This means there is a pressing need to double the credit disbursal rate to the MSME sector.
The government, along with banks and financial institutions, has laid the foundation to bridge this credit gap by reshaping the digital lending ecosystem.
Taking up the mantle, fintechs have left no stone unturned in their pursuit of introducing intuitive and cutting-edge solutions. Leveraging technologies like artificial intelligence, machine learning, and big data analytics, fintechs have streamlined the lending process by tackling the challenges of assessing credit risk, credit distribution, customer reach, etc.
The growth and success of MSMEs are intertwined with the transformative potential of fintechs and the synergy between the government's initiatives, traditional financial institutions, and fintech companies. As we continue on this path of innovation and collaboration, the future of MSMEs looks brighter than ever before.
YourStory Media features an insider's view of M2P. Watch the full video here as it takes you behind the scenes of what happens at M2P.
Our co-founder, Prabhu, participated and shared his insights at inFINity, a Fintech Accelerator Programme jointly launched by AWS, Chiratae Ventures, and PayU for the growth of early-stage fintech startups.
M2P Fintech participated in the Global Fintech Fest. We had thought-provoking conversations with our clients, partners, and stakeholders. Our leaders shared expert insights on various panel discussions, and we also introduced several of our innovative products at GFF 2023.
M2P Fintech participated as a 'Gold Sponsor' in Seamless Saudi Arabia 2023, which happened in Riyadh, Saudi Arabia. We had opportunities to interact with industry leaders, innovators, and like-minded professionals who are shaping the future of fintech in Saudi Arabia.
Madrasters, a Design Community, organized 'Mastering Product Success', a meetup for designers to learn the nuances of product marketing and building strategies. The event was hosted at our Chennai office.
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