Mr. Dinesh Agarwal, Founder & CEO, IndiaMART.
“India’s MSME sector, the second largest globally, is poised for a bright future. With transformative government initiatives like Atmanirbhar Bharat Abhiyan and the One District One Product scheme, bolstered by robust digital infrastructure and supportive marketplaces, MSMEs are primed to unleash their boundless potential. However, to truly empower these enterprises, there is a pressing need for enhanced credit enablement, with initiatives like digital lenders, account aggregators, and the innovative OCEN platform leading the charge. Collaboration between the public and private sectors is essential to drive this progress.
As we celebrate World MSME Day, let us acknowledge the pivotal role played by MSMEs in India’s economy and advocate for further reforms that simplify tax regimes and streamline KYC processes, ultimately facilitating their seamless integration into the formal ecosystem.”