Microscope | January 2024
Centre for Excellence in Entrepreneurship and Development (CEED)
In this issue of Microscope, we delve into the critical evolution of microfinance, nuances of PLFS (Periodic Labour Force Survey), and the pivotal role played by SIDBI in fueling the financial ecosystem for MSMEs. By presenting empirical research and evidence-based insights, we strive to enrich the ongoing discourse on how to address challenges, harness opportunities, and devise strategies for the unorganised sector within the evolving entrepreneurial landscape.
Entrepreneurs in the Indian Economy: What do we see in PLFS?
In this first article among a series that looks at PLFS to find more about entrepreneurs in India, Dr. Kiran Limaye focuses on broad contours of change at state and gender levels.
Empowering Nano Entrepreneurs: The role of microfinance in India's Economic Landscape
Hrishikesh Jain explores the evolution of microfinance in India, especially keeping in view the role of micro finance to benefit the new and upcoming nano enterprises, a stage from which every enterprise goes through once in its lifetime.
exCEED Podcast with Nitij Singh - Episode 1
Nitij Singh is undertaking a research to study the key issues and challenges within the Bamboo industry in Maharashtra. He is a co-founder of ASLEE, and is an Indian Representative for Hertie School.
Infographic Corner
This month, we dive deeper into the role of
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SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI).
SIDBI has significantly contributed to the growth and support of the MSME sector through financing, nurturing, and implementing government initiatives. In 2022, there was a notable increase in both direct and indirect funding, especially through NBFCs.
SIDBI’s refinancing activities have significantly boosted MSMEs’ credit access, with its portfolio expanding by 79% to ? 2981.73 billion in March 2023. This growth encompasses a diverse group of 49 banking institutions. Similarly, NBFC financing saw an 86% increase, with disbursements growing by 81% compared to the previous year.
Direct loans to MSMEs also saw an upturn, with SIDBI modernising its lending approach to leverage real-time data from public databases. This resulted in the direct finance portfolio expanding to ? 184.09 billion in 2023. This modernisation drive signifies SIDBI’s ongoing commitment to evolving its processes to serve the MSME sector better.
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