Only 14% of Indias MSMEs have access to formal credit despite digital finance boom Deloitte report

Image for article Only 14% of Indias MSMEs have access to formal credit despite digital finance boom Deloitte report
News Source : BusinessLine

News Summary

  • Report estimates India’s MSME credit gap at around ₹25 lakh crore as of March 2025.
  • The report comes at a time when India is positioning its financial sector to support long-term economic expansion.
  • Despite the credit gap, the report highlighted significant progress in financial access.
  • Around 89 per cent of Indian adults now have a financial account, while the Unified Payments Interface (UPI) processes more than 20 billion transactions every month and accounts for nearly half of global real-time payment volumes.

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