COVID-19 and MSMEs: basic insights from India on revival through financial inclusion backed by digital technologies Online publication date: Wed, 05-Jul-2023
by K. Rajamani; A.G. Rekha
World Review of Science, Technology and Sustainable Development (WRSTSD), Vol. 19, No. 3, 2023
Abstract: MSMEs are facing a double-edged sword that of a health crisis combined with an economic crisis. They have been worst hit due to COVID-19 and prolonged lockdown and are facing a myriad of challenges with regard to restarting of business. One of the frequently identified challenges to the development of the MSME sector is access to finance. The significance of this challenge is higher than ever in the pandemic and post-pandemic scenario. This paper explores the issues involved in MSME financing and the opportunities offered by ICT for overcoming those issues. Digital technologies offer the potential to radically improve financial inclusion in the MSME sector by overcoming the obstacles that affect the supply and demand for financial services. This study contends and proposes a financial ecosystem backed by emerging innovative technologies that offer a holistic approach for achieving inclusive growth and bridging the gap between demand and supply in MSMEs.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the World Review of Science, Technology and Sustainable Development (WRSTSD):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook