Non-compliance with regulations by startups and SMEs is being taken seriously. This underscores the importance of adhering to rules to maintain reputation and ensure business continuity.
In India, 63.4 million MSMEs, mostly micro-enterprises, must sustain their digital transformation to stay competitive. Initially focused on efficiency, a holistic approach is now vital for continued relevance
By embracing technological advancements and fostering strategic collaborations with fintechs, banks can effectively navigate trade financing complexities and offer MSMEs tailored solutions as seamlessly as new-age counterparts
According to Deloitte MSMEs in India are expected to play a significant role in creating the revenue, capacities, and ecosystems required for long-term growth
