MSMEs Can Help Propel India’s $5 Trillion Ambition: The Rizing Equality Entrepreneurship

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The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) partnered
with Rizing, a cutting-edge entrepreneurial information network that delves into
business, finance, and technology, to host The Rizing Equality Entrepreneurship Forum –
The Delhi Chapter.

Supported by Blockchain solutions provider Qila and IDBI Bank, this event took place at
the India Habitat Centre, New Delhi on the 25th of July 2024.

Following the success of the Rizing Equality Summit 2024 in Mumbai in February 2024,
the Delhi Chapter marks the second event of this series.

Rizing plans to extend this series across India to foster smart and meaningful discussions
nationwide.

The forum gathered a mix of MSME professionals, investors and other stakeholders at the
heart of India’s economy: Delhi.

It served as a platform to highlight the pivotal role of MSMEs/startups as the unsung
heroes and silent engines of growth, innovation and job creation in India.

The event’s agenda featured sessions including an entrepreneurial resilience panel,
Direct-To-Consumer (D2C) strategies, fundraising insights and institutional credit
facilitation for MSEs. The lineup also included workshops on Blockchain, legal issues and
banking solutions.

Prominent speakers like Sandeep Varma of the CGTMSE, Siddharth Ugrankar of Qila and
Suresh S of IDBI Bank, along with leaders from Soonicorn Ventures, Ankur Capital,
Fireside Ventures, Process9, ValuAble, GetVantage and more were present at the event. A
special mentorship pitch session allowed MSMEs/startups to present their business plans

with successful pitches gaining eligibility for collateral-free loan guarantees from the
CGTMSE.

Sandeep Varma, CEO – CGTMSE, emphasizes, “Collateral unavailability has always been a
problem for small-scale entrepreneurs to kickstart their venture and it has increasingly
become a big bottleneck for bankers in providing loans to this segment. With the
backing of the CGTMSE in India, if any loans to MSEs become bad, then as a guarantee,
the CGTMSE would provide 75%-85% coverage of the loan to the lender in lieu of collateral
security”.

Established by the Ministry of MSME, Government of India, and SIDBI, the CGTMSE aims
to catalyze the flow of institutional credit to MSEs, enhancing credit delivery systems and
broadening finance access to include underserved and underprivileged & bolster
availability of finance from conventional lenders to new-gen entrepreneurs.

Since its inception, the CGTMSE is said to have been instrumental in providing guarantee cover to
collateral and/or third-party guarantee-free credit facilities extended by eligible Member
Lending Institutions (MLIs) to MSEs.

Rizing is a new-age and inclusive entrepreneurial information network that aims to be
the true mirror reflecting Indian business, finance and technology in the expanse of not
just Asia, but also, the global stage. Crafted for the intellectually curious, it explores the
tenets that could help India become a $5 trillion economy: capital, innovation, technology,
ESG, sustainability, policy and more.

Qila is a Blockchain-as-a-Service (BaaS) platform that aims to help businesses adopt
Blockchain and crypto technologies to secure their business needs by minting
non-fungible tokens for real-world physical or digital assets on a private blockchain
network.

According to Shrija Agrawal, Founder – Rizing, “The Government of India has recognized
that for the country to skyrocket to become a $5 trillion economy by 2027, the MSME
sector is the fiery fuel that can help turbocharge this ambition”.

“The constraints related to finance, networking, skill development and access to
technology seem to, also, impact women entrepreneurs in the MSME space, yet they
constitute about 20% of the total registered MSMEs in India. While that’s a number that can drastically improve, with the CGTMSE, women-owned MSMEs could be further bolstered to contribute to India’s employment and make their mark. And Rizing wants to arm them with meaningful and tangible insights as well to take their business to the next
level”, declares Agrawal.