India, April 9 -- India's journey toward financial inclusion has been one of progress and persistence. Be it interventions such as Jan Dhan Yojana or a surge in digital payment adoption, such initiatives have brought millions closer to formal finance. Yet, many underserved groups, particularly Micro, Small and Medium Enterprises (MSMEs), face barriers when accessing institutional credit.

The numbers tell the story-of the total MSME debt demand of $1,544 billion, 47% remains unaddressed. Formal sources cover only $289 billion of the remaining demand, leaving a massive gap in funding for these critical drivers of the economy. This highlights an urgent need for collaborative financial solutions to ensure equitable access to credit and unloc...