A G20 Policy Recommendation paper by the World Bank on advancing financial inclusion and productivity gains through digital public infrastructure (DPI) has explained how DPIs can help address the challenge of access to credit faced by SMEs by providing latter with access to financial services and information through digital channels. “ However, MSMEs often face challenges in accessing finance, particularly in developing countries, where financial systems may be less developed,” the World Bank document prepared with inputs from the Ministry of Finance and the Reserve Bank of India (RBI) said. In emerging markets, approximately 41 per cent of formal MSMEs have unmet financing needs. The finance gap for formal MSMEs in developing economies is estimated at $5 trillion while women-owned businesses comprise 23 per cent of MSMEs and account for 32 per cent of the MSME finance gap.