How SG Finserve is Supporting MSMEs to Drive India's Economic Growth?

Many businesspersons in India belong to the Micro, Small, and Medium enterprises (MSMEs). These generate huge revenues in terms of percentage of the GDP, help in generating millions of employments across the globe and encourage innovations in almost all sectors. However, while these sectors play a central role in the economy, many MSMEs are financially constrained and lack the capacity to increase their production rates. Some of the challenges they face include restricted credit amenities, stringently time-consuming documentation procedures, and rigid loan conditions. Fully aware of these hurdles, SG Finserve has sought to develop a strategic MANAGEMENT model that would enable it to offer flexible, cost-effective and efficient financial services to MSMEs.?

The Critical Role of MSMEs in India’s Economy?

MSMEs constitutes for almost 30% of India’s GDP and provides employment to more than 110 million individuals spanning different industries. It is prerequisite for developing the economic self-sufficiency, encouraging start – ups, and improving international competitiveness of the country, namely India. However, MSMEs continue to perform significantly due to the fact they function under severely liquidity constrained environments characterized by delayed payments and limitation of working capital.??

Under such a situation, such financial solutions as supply chain financing, vendor financing and business financing can be taken as value creators. Mitigating cash flow problems and offering easy, near-real-time access to capital, these solutions empower MSMEs to expand, respond to growing demand, and fuel India’s economy.?

How SG Finserve is Making a Difference??

MSME’s indeed have specific financial requirements, and that is why at SG Finserve, we offer solutions that ensure MSMEs thrive. Here’s how we’re making a difference:??

1. Quick Capital Sanction and Disbursement: General time is critical to MSMEs, and particularly when it comes to organizing and addressing their emergent business needs. At SG Finserve, there are fewer delays in sanctioning and disbursement of the funds due to efficient mechanisms. We have lack of documentation and integrated digital KYC making traditional hurdles to access finance nonexistent.??

2. Tailored Financial Products: Ranging from business financing products to supply chain or vendor financing, SG Finserve delivers a range of solutions which MSMEs require. For instance, supply chain financing refers to actualization of working capital in a business against documentary credits. This is to enhance operation and coordination as well as improve relations between the company and its suppliers and buyers.??

3. Flexible Repayment Options: We understand that every business venture exists in a different environment. The cash flow shop, loan duration flexibility means that that borrower can repay the loan depending on his cash flow cycle, this relieves pressure from the MSMEs so that they can be able to concentrate on the growth of their business.??

4. Convenient Loan Account Management: Lending should not be complicated. We provide our clients and MSMEs with easy-to-use platforms on which they can monitor their loan status, repayment date and other valuable information. This kind of transparency enables businesses to plan accordingly with their financial management.??

5. Pan-India Presence and Dedicated Support: By establishing SG Finserve with complete operations in each region of India, many big and broad business set-ups as well as several small and medium enterprises ranging across the urban and rural areas will be able to utilize different financial products being offered by us. Furthermore, the personnel of our customer support department are always ready to answer inquiries and offer more individualized help.?

Why Supply Chain Financing Matters for MSMEs??

Supply chain financing is one of the strings services that are offered at SG Finserve. This financial solution solves the liquidity problem associated with the financial position of MSMEs by providing access to cash trapped in unpaid invoices. Here’s why it matters:??

• Improved Cash Flow: It also allows organizations to secure working capital freely without strictly expecting buyers to settle their accounts.??

• Stronger Supply Chains: Prompt payment promotes a good relationship between the supplier and the buyer.??

• Growth Opportunities: When MSMEs have the right amount of cash flow, they can bid for larger contracts, invest and diversify into better technologies and processes.?

Driving Economic Growth Through MSME Empowerment?

It doesn’t matter which MSME is being empowered; it’s about positively affecting everyone within the circumference of the economy. MSMEs bring more employment, exports and innovations when they grow, and these are all prerequisites to economic growth.??

The vision of creating innovative and efficient solutions for financial management is shared by SG Finserve. Quick and easily accessible as well as specific financial products help us overcome the obstacles and emancipate the potential of the MSMEs. From affordable payments to online loan access and competitive rates, all products are focused on putting our business clients first.?

Conclusion?

Regarding India’s goal of attaining $5 trillion economy status, the role of MSMEs will steadily remain relevant and significant. At SG Finserve, it is our privilege to be associated with such a journey. Thus, to support various businesses by providing them with the necessary financing through the use of modern tools, we are not changing our position. Staying focused on SCF, vendor financing, and other value-added solutions, we remain committed to helping MSMEs achieve success.?