Industry Background:
MSME financing is done to support businesses in terms of finance, infrastructure and other areas. The unsecured loans are offered by several financial institutions to meet various business-related expenses on credit. These loans are given with eligibility criteria which the applicant needs to meet. It is also offered under several government schemes such as Credit Guarantee Funds Trust for Micro and Small Enterprises (CGTMSE), and Prime Minister’s Employment Generation Program (PMEGP). According to small finance forum, reducing MSME finance gap is important for the governors, financiers and other private sector players to target high potential growth areas and therefore more efficiently support MSME sector development.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Axis Bank (India), Bajaj Finserv Limited (India), Central Bank of India (India), Federal Bank Limited (India), HDFC Bank Limited (India), ICICI Limited (India) and Kotak Mahindra Bank Limited (India) |
This growth is primarily driven by One of The Key Sectors of Indian Economy Is MSME Which is Fuelling the Market.
Globally, a noticeable market trend is evident Growing Number of Small and Medium Size Enterprises Major Players, such as Axis Bank (India), Bajaj Finserv Limited (India), Central Bank of India (India), Federal Bank Limited (India), HDFC Bank Limited (India), ICICI Limited (India) and Kotak Mahindra Bank Limited (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In March , 2023 Axis Bank, one of India’s largest private sector banks, has completed the acquisition of Citibank’s consumer business in an accelerated time frame of and within 7 months post receipt of CCI approval, displaying a strong testament of its execution strength. The deal has been closed with Axis Bank paying a total purchase consideration after customary & contractual adjustments) of INR 11,603 Cr* to Citibank India.
In June 2020, Karnataka bank has launched KBL Micro Mitra where financial assistance up to;10 lakh will be provided to the micro manufacturing and service enterprises either for working capital or for investment purposes.
Influencing Trend:
Growing Number of Small and Medium Size Enterprises
Market Growth Drivers:
One of The Key Sectors of Indian Economy Is MSME Which is Fuelling the Market
Challenges:
High Interest Amount to Be Paid May Hamper the Market
Restraints:
Stringent Government Regulations
Opportunities:
Government Initiatives for Supporting Small Business Sector in Country and Increased Access to Finance
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in MSME financing Market
- Analysis about New Entrants in MSME financing Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, MSME financing Study Sheds Light on
The MSME financing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the MSME financing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where MSME financing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.