According to the Ministry of Micro, Small and Medium Enterprises, SMEs contribute around 9 per cent to India’s GDP; accounting for as much as 30 per cent of India’s total exports and 45 per cent of the country’s manufacturing output. The SME sector employs over 100 million people who are engaged in activities across industries. Unfortunately, SMEs still lag from becoming true global contributors and a major reason behind it is lack of adequate finance. Besides, lack of infrastructure, increased costs, reduced profitability, elongated working capital cycles, unavailability of skilled talent and bureaucratic hurdles plague them.