Mr. Subhash Acharya, MD & CEO of SEEDS Fincap sheds light into the MSME sector’s impressive resilience and growth in 2024. He highlights the sector’s pivotal role in India’s economic recovery and outlines the strategic focus for 2025, emphasizing innovation and tailored financial solutions for aspiring entrepreneurs.
Mr. Acharya’s Insights in detail:
MSME Sector in 2024: Resilience and Growth, Promising 2025
The MSME sector in 2024 demonstrated remarkable resilience and innovation, solidifying its role as a key driver of India’s economic revival. Accelerated digital adoption and financial inclusion transformed business operations, with fintech playing a crucial role in bridging credit gaps. Collaborative efforts by NBFCs, fintechs, and policymakers resulted in a notable 20% sectoral growth, enabling ambitious entrepreneurs to expand their businesses.
Highlights of the year include the rise of green technologies, an increase in women-led enterprises, and improvements in India’s ease-of-doing-business rankings, reflecting the government’s dedication to this sector. However, challenges such as access to affordable credit and navigating compliance complexities persist, necessitating sustained focus.
“As we look toward 2025, our focus remains on empowering ambitious, growth-oriented entrepreneurs by providing tailored financial solutions and fostering innovation,” said Mr. Subhash Chandra Acharya, CEO and MD of Seeds Fincap. “The integration of traditional financing with digital platforms, coupled with trends like AI-driven business models and automation, will enable MSMEs to scale efficiently and compete globally.”
Mr. Acharya further emphasized the importance of financial literacy and streamlined policies in driving inclusive and sustainable growth. Seeds Fincap is committed to supporting the ambitions of MSMEs and helping them realize their potential. With these advancements, MSMEs are set to play an even larger role in shaping India’s economic future in 2025.
About Author
More Stories
A Comprehensive Guide to Udyam Registration for MSMEs
SIDBI and TransUnion CIBIL launch MSMESaksham