India is gaining acclaim and recognition around the world for proving its mettle as a booming economy that aspires to become a $7 trillion economy by 2030. With the increasing demand for products and services on a domestic and global level, acknowledging the role and impact of MSMEs in India would be unmissable.

In the last few decades, Micro, Small, and Medium Enterprises (MSMEs) have emerged as the backbone of the Indian economy. NBFCs contribute around 12.6% of India’s GDP. However, despite their key role in the Indian economy, MSMEs often face a major challenge: Access to timely credit. Rupitol, one of the reliable NBFCs offering funding support to MSMEs and business owners, addressed this key issue.