Centralised interoperable digital layer can help bridge Rs 60 lakh crore MSME credit gap: Report

India's MSME sector faces a significant formal credit gap, with existing channels meeting limited debt demand. A new digital layer can connect businesses, banks, and payment providers to bridge this gap. This system will digitise the order-to-cash process and automate invoice reconciliation across the nation. It enables cash-flow-based underwriting and addresses delayed receivables for small businesses.