Need for a Finance Taskforce
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
Areas of focus
How do we operate
Initiatives so far
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.