Digitizing the operations of MSMEs: A big step to strengthen their resilience
About 17% of businesses surveyed by MSC in India, Indonesia, Kenya, and the Philippines have closed due to local restrictions and low demand for goods and services. Meanwhile, micro and small enterprises (MSEs) in the informal sector fared worse. Digitization brings ample opportunities to MSMEs. More from this blog.
Improving access to finance for women-owned businesses in India
The total formal financing gap for women enterprises in India is 73 percent of the total demand. Strikingly 90 percent of the women-owned enterprises in India rely on informal sources of finance just not for seed capital but also for working capital requirements.