NBFC Growth Accelerator Program
A program designed exclusively for MSME-focused NBFCs.
NGAP Benefits
Capacity Enhancement
Sessions by industry experts
Financial Assistance
Backed by SIDBI
Mentorship
The learnings and associations will help you grow as a leader and shape a future-ready organisation.
Networking
Connect with seasoned professionals from the sector – Banks, large NBFCs and the peer NBFCs.
Participate in NBFC Growth Accelerator Programme
Empowering MSMEs: Bridging the Credit Gap
The assessed credit demand of MSMEs who employ approximately 40% of India’s nonfarm workforce is about $240 billion. The World Bank estimates the MSME credit gap to be at approximately $380 billion ( 2021 International Financial Corporation (IFC) report).
Banks and NBFCs are focussed on bridging this gap with NBFCs better poised to lend innovatively aided by technology, analytics and their ability to understand niches. NBFCs have about 16% share in the credit ecosystem with AUMs of ~Rs 27 lakh crore in Mar 2022 (Crisil Assocham report).