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LATEST NEWS UPDATES | Raising capital the biggest challenge for women-led MSMEs in India: Indifi

Raising capital the biggest challenge for women-led MSMEs in India: Indifi

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published Published on Mar 16, 2022   modified Modified on Mar 17, 2022

-Business Standard

The survey discovered that securing capital remains the biggest challenge

The number of women-led MSMEs in India has jumped from 2.15 lakh to 1.23 crore in just a decade. However, they face a finance gap of $158 billion and largely rely on informal sources, said a survey by Indifi Technologies, a lending platform for MSMEs, titled ‘Understanding what women-led MSMEs want’.

The survey was launched to understand needs and challenges of women-led businesses and enable greater inclusivity in the lending space for them to flourish and scale.

The survey that received participation from over 250 women entrepreneurs discovered that securing capital remains the biggest challenge that they face in terms of running a business, followed by managing business operations and securing a credit period from vendors/suppliers. Expanding further on these roadblocks, respondents were of the opinion that starting and scaling their business is difficult for women SMEs, with raising the requisite capital being the common denominator in each stage. 61% of respondents also believed lack of business and finance experience is a contributor to this.

To address some of the challenges, most entrepreneurs said they still rely on banks for their financing needs; but years of business operation, insufficient credit history, and lack of property ownership are the big hurdles when it comes to getting their loans sanctioned.

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Business Standard, 16 March, 2022, https://www.business-standard.com/article/economy-policy/raising-capital-the-biggest-challenge-for-women-led-msmes-in-india-indifi-122031600492_1.html?fbclid=IwAR3Tx1nW9L7zgmuiUt8FCVsYAgQxjc0VR6Hu5DTNY2D1FG8fjGwnfRFrM-g


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