In one of our earlier white papers, we estimated that Indian MSMEs need external financing worth at least $4 trillion over the next 25 years to scale up. While it is undeniably essential to address the issue of access to finance comprehensively, focussing our efforts on midsized companies is a prudent approach for three compelling reasons. First, the level of willingness to obtain external finance. Data from the Dun & Bradstreet Business