https://www.123articleonline.com/rss/author/370251/rayaan-kumarArticles written by Rayaan kumar from 123ArticleOnline.comen-usCopyright (c) 123ArticleOnline.com All rights reserved. https://www.123articleonline.com/articles/1344341/challenges-faced-by-msme-banking-management-for-msme-manage-business-finances The employment potential of the MSME sector is way higher than the large-scale industries. The income generated through the employment opportunities is helping in reducing the regional imbalances, rapid industrialization is improving the infrastructure of rural areas and overall the country is witnessing a remarkable year-over-year growth. According to the 73rd National Sample Survey conducted in 2015-16, there were 633.88 lakh non-agriculture MSMEs engaged in various economic activities in the country. To know about it in detail, see the image given below. https://www.123articleonline.com/articles/1338218/evolving-sme-business-finance-in-saudi-arabia-implications-and-imperatives-for-banks In Saudi Arabia, slowly but steadily, a fintech revolution is underway. The Arab Kingdom has locked its sight on an ambitious mission for a vibrant society and thriving economy, and digital SME business finance forms an integral part of it. The country has seen a 14.7x increase in fintech companies over 4 years, flying past its target of 60 fintech companies by 2030, to touch 147. In the past year itself, it saw 79% growth, with investments crossing USD 400 million.