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The NeoGrowth Impact Report 2023 found that in the financial year 2022-23, nearly Rs 1,900 crore in loans were disbursed to Micro, Small & Medium Enterprises (MSMEs), with Rs 430 crore being availed of by women-led MSMEs. This allocation accounted for more than 2,600 loans and made up 24 per cent of the total loans disbursed, highlighting the growing influence of women in the MSME sector.
NeoGrowth, an MSME-focused digital lender in India, released the impact report. This is the ninth edition of the NeoGrowth Impact Report. It showcases the company’s loans and its subsequent impact on businesses and larger UN development goals.
