Non-bank lenders form priority sector lenders’ body to plug MSME loan shortfall

Posted under: SMB
Date: 2025-01-20
Non-Bank Group to Tackle MSME Loan Shortfall| Justo Global

India's non-bank lenders are forming the Priority Sector Lenders Association of India (PSLAI) to address MSME credit shortfalls, backed by iSPIRT. Key strategies include cash flow-based lending, leveraging digital infrastructure like OCEN, and policy advocacy. With a ₹103 trillion MSME credit gap, PSLAI aims to double MSME credit to ₹130 trillion in 3-5 years, supported by banks and SIDBI.

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