UGRO Capital Unveiled Second Edition of MSME Sampark Report

News Desk, News Nation 360 : In partnership with Dun & Bradstreet, UGRO Capital, a top DataTech NBFC that specialises in lending to small and medium-sized businesses, announced today the publication of the second edition of the MSME Sampark, a biannual study that covers the most recent developments in the MSME lending ecosystem. The report provides important insights into how the MSME sector in India recovered, especially in the wake of the COVID-19 pandemic, and highlights the sector's crucial role in the country's economic growth as it moves closer to its objective of becoming a developed economy, or "Viksit Bharat," by 2047. This paper examines the following industries: light engineering, food processing, chemicals, auto components, electrical equipment, hospitality, and healthcare. The extensive analysis highlights the significance of formalisation and digitisation in improving MSMEs' access to capital and growth possibilities. It looks at over 39,000 MSMEs and 12,000 small firms in the Micro sector across seven major industries. MSMEs are borrowing more money, mostly through collateralised loans, which indicates that they want quick access to reasonably priced working capital. Shachindra Nath, Founder and Managing Director, UGRO Capital, stated that the MSME Sampark Report, which reflects the fundamental conviction that "MSME Accha Hai," provides a clear picture of how robust and important MSMEs are to India's economy. Thanks to improved formalisation, easier access to credit, and financial institution support, MSMEs are paving the path for a more resilient and affluent India. More than just a study, MSME Sampark serves as a tool for understanding the changing MSME landscape for policymakers, financial institutions, and business leaders. Their mission is to keep empowering MSMEs to expand, generate employment, and support India's economic future.