Growth is expected to be fuelled by strong demand in fashion, electronics, beauty, and personal care segments, with quick commerce expected to contribute $1 billion in gross merchandise value.
The debt requirement for the MSME sector is estimated at over ₹100 lakh crore, of which around 70% is for working capital requirement, says the report.
MSME loan accounts worth ₹2.2 lakh cr improved for banking industry since ECLGS launch. There are 6.34 cr MSMEs in India of which 6.3 cr are micro-enterprises.
