MSME

Indifi Launches India's First Collaborative Resource Centre ‘Pragati’ for MSMEs

In a recent survey of its borrowers, Indifi revealed that 90% and 80% of the open restaurants and retail shops respectively are experiencing at least 50% drop in sales. Whereas, half of this lot are operating at less than 20% sales of what they registered in the first two months of 2020. The situation has impacted working capital too, with around 85% of retail stores and 70% of restaurants open at present are getting lesser credit from their suppliers.