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On the occasion of Women’s Entrepreneurship Day on November 19, NeoGrowth has received exclusive coverage in Financial Express in the article titled, Credit demand from women-led MSMEs doubled this festive season from pre-pandemic levels: Survey.
Based on an analysis of ‘NeoInsights’ of festive credit inquiries of 2019 and 2022 at NeoGrowth, an industry trend was revealed that there is a two-fold increase in credit requirements of women-owned MSMEs this year. This was driven by strong consumer demand post-economic revival and subdued festive season spending over the past two years. Fashion & lifestyle, food and beverages, FMCG and retail saw higher credit inquiries as compared to other sectors, as the festive period concluded in October this year.
