Authors : Dr. Mahender Pal

Volume/Issue : Volume 10 - 2025, Issue 3 - March

Google Scholar : https://tinyurl.com/msv4c6ja

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DOI : https://doi.org/10.38124/ijisrt/25mar1866

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Abstract :  Purpose: The purpose of this paper is to review various literature to explore the influence of Fintech on MSMEs in India.  Design/Methodology/Approach: The study adopted the theoretical approach and centered on the interpretations and reactions toward effect of fintech on MSMEs. Research articles from various geographical areas were reviewed for the purpose. The findings of various research articles were taken into account for making interpretations.  Findings: Financial inclusion, especially with regard to financial behaviour, financial attitudes, and financial knowledge. Second, there were limitations to the research, mostly due to difficulties. Through financial inclusion, FinTech's financing industry is currently an alternative that is accessible to all societal levels. Less than half of early adopters, moderate adopters, and few non-adopters believe that technology is essential for meeting business financial needs in organisations. Fintech can be used by MSMEs and the community since it is thought to help MSMEs run their businesses. Fintech makes it simple for MSMEs to publish their financial information and for individuals to obtain online loan capital. The use of fintech can help MSMEs stay in business and improve their performance, which will in turn help them stay sustainable and continue to boost the Indonesian economy. The performance of micro, small, and medium-sized businesses can be improved with the help of fintech literacy. Fintech plays a significant part in expanding financial inclusion. MSMEs' performance was unaffected by the usage of financial technology, but it was impacted by financial technology funding and cash back. The MSME industry has seen significant changes as a result of fintech, including better chances for financial inclusion, encouragement of entrepreneurship, and credit evaluation. Technology has shown promise in revolutionising finance, payments, and money in expanding MSMEs. Fintech is crucial for MSEs because it saved money on both capital and operating expenses. Time to market was shortened via quicker application development and deployment. Fintech offers MSMEs an alternative to traditional finance by making it easier for them to obtain loans that would normally require collateral and credit records. FinTech also contributed positively to the expansion of SMEs in all  Research Limitations/Implications: The study examined various studies conducted on influence of Fintech on MSMEs, however, these studies including many others areas would have added interesting insights into the findings on the subject issue.  Practical Implications: The findings pointed out the essential practices of Fintech on MSMEs in Indian organizations. A well expressed fintech policy may restrict difficulties of MSMEs in India.  Originality/Value The present study contributes to the limited literature on the process of fintech on MSMEs in India by exploring better technology.

Keywords : Fintech, Indian, Organizations, MSMEs, Influence, Digital, Data, Performance, Blockchain.

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