Centre of Excellence For Aspiring SMEs

A Joint Initiative by FISME, IFCI Ltd

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Engines of the
Indian Economy

Making aspiring small & medium enterprises ready for external equity - A Handbook

The Indian entrepreneurial spirit is manifested in the diverse landscape of the nation’s MSMEs. With more than 6.3 crore enterprises, the Micro, Small and Medium Enterprises (MSME) sector contributes 29% of the country’s GDP and 44% of its exports. Invariably, MSMEs play a crucial role in realizing the Hon’ble Prime Minister’s vision of ‘Viksit Bharat’ by 2047.

sme_ifci_coe_fisme_handbook
A Handbook

Making aspiring small & medium enterprises ready for external equity

Achieving meaningful financial inclusion by way of providing MSMEs access to finance at affordable rates has been a priority of the Government of India. I am happy to share that the outstanding advances of Scheduled Commercial Banks to the MSME sector and the ‘New to Credit’ category of MSMEs recorded y-o-y growth of over 17% and 37% respectively during FY 2023. During the Covid-19 pandemic, the Emergency Credit Line Guarantee Scheme offered timely financial assistance to more than a crore MSMEs, showcasing the Government’s commitment to supporting MSMEs and ensuring their resilience and growth.

I am pleased to note the initiative of IFCI Limited and FISME to establish a Centre of Excellence to support SMEs in their growth endeavours. I believe SMEs will find the contents of this ‘Handbook on Preparing Aspiring SMEs for External Equity’ useful in familiarizing themselves with various facets of accessing the equity capital market.

Get our External Equity Readiness Handbook for SMEs.

Now Available in Six Languages.