Much has been said and written about the criticality of micro, small and medium enterprises in India’s economic structure. Not only do they employ 111 million people, they also account for 48 per cent of the country’s exports. Yet these businesses find themselves stone-walled when it comes to accessing credit. Total credit demand for MSMEs stands at ₹68.2 lakh crore, while the existing financial ecosystem addresses only ₹24.06 lakh crore of this demand.