MSME Finance

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Need for a Finance Taskforce

The assessed debt demand of MSMEs is INR 69.3 lakh crores, only 16% of which is formally financed

Out of ~10,000 NBFCs in India, only the top 30 NBFCs get 80% of banks’ sectoral exposure

Disrupted working capital cycles due to delayed payables from buyers to MSMEs

Supply chain financing accounts for less than 1% of GDP in India vs 12'13% in other parts of the world.

About Us

We are a group of passionate individuals and institutions from industry, civil society, academia, and public policy keen to increase access to formal credit to MSMEs.

Credit facilitates growth through investments in assets, expansion, upskilling of workers and more. Affordable and timely credit can create a virtuous cycle of job creation for India’s mass entrepreneurs.

We do this by identifying structural challenges in the financing ecosystem and work with banks, NBFCs, regulators, philanthropies and others to address them

Finance Taskforce Members

Anjuly Chib Duggal

Chairperson, Game Finance Taskforce & GAME Advisory Board member, & Former DFS Secretary, Govt of India

Ketki Bhagwati

Board Member,
Axis Bank

Pranay Bhargava

Founder, Impact Micro
Ventures

Sharon Buteau

Executive Director, LEAD
at KREA University

Ramesh Dharmaji

Advisor, GAME & Former CGM, SIDBI

Shantanu Ghosh

CEO, Social Finance
India

Shivaprasad Krishnan

Founder & CEO, KRICON Capital

Mekin Maheshwari

Co-founder, GAME

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Areas of focus

Innovations in
credit

Supply chain financing & factoring

Break in business insurance

Finance for women entrepreneurs

How do we operate

Influence policy

Create and evangelise new financial products and services

Support partners with expertise and outreach

Our Partners

Initiatives so far

$100 million SMB Stabilisation Fund

Fund to stabilise COVID hit micro-enterprises so that they can resume work with minimum dislocation.

MSME Finance Week

The financial ecosystem came together to deliberate, ideate and collaborate on key themes identified by the GAME Finance Taskforce.

“Business Interruption as add-on insurance cover for SMEs”

To tackle the ‘delayed receivables’ challenge faced by MSEs, GAME partnered with FICCI to launch the ‘Prompt Payment Pledge’ - a moral commitment for corporates to pay MSE dues on time.

Prompt Payment Pledge

To tackle the ‘delayed receivables’ challenge faced by MSEs, GAME partnered with FICCI to launch the ‘Prompt Payment Pledge’ - a moral commitment for corporates to pay MSE dues on time.

‘Dynamic Assessment of COVID-19's Impact on Microenterprises in India’

~1500 micro enterprises were interviewed every month over a period of 6 months to explore the evolving impact of COVID-19 on their business operations, cash flows, employment and recovery sentiments.

Facebook live session on Financing for MSMEs

GAME Finance taskforce members Nat Malupillai (Director, Michael & Susan Dell Foundation India LLP); Sharon Buteau ( Executive Director, LEAD at Krea University); Sanjay Thakur ( Senior Banker & SME Evangelist) discussed

Twitter Chat on ‘Financing for MSMEs’

The themes that were explored included - Importance of a segmented approach to MSMEs, Solutions towards enabling access to formal credit, Challenges faced by NBFCs and financiers in raising capital and Significance of supply chain financing and timely payments.

Working session to spur collaboration on delayed receivables

Delayed receivables are an existential risk to MSMEs and have system-wide implications. Estimates suggest that at least INR 15 lakh crore is stuck in delayed receivables, with average delays ranging from 3 to 6 months beyond the stipulated 45 days under the MSMED Act. A group of interested partners came together for a working session to build a common understanding of different initiatives and the support required for scale, Identify opportunities for collaboration, brainstorm and prioritise product pilots.