FlexiLoans sees festive-season MSME lending reaching ₹2.4-2.6 trillion
FlexiLoans forecasts that July-December 2026 MSME lending will be lifted by festive inventory funding and digital-commerce demand beyond metros. The lender expects to disburse ₹1,700-1,900 crore during the period, with October disbursements exceeding ₹350 crore.
What happened
FlexiLoans forecasts ₹2.4-2.6 trillion in MSME lending during India’s July-December 2026 festive cycle, driven by non-metro digital commerce and inventory
Key facts
- ₹2.4-2.6 trillion projected MSME lending in July-December 2026
- MSME credit portfolio projected to exceed ₹50 trillion by December 2026
- Online festive GMV projected at ₹1.50-1.55 trillion, up 25% YoY
- FlexiLoans expects ₹1,700-1,900 crore disbursements and about 20 lakh applications in July-December
- October disbursements projected above ₹350 crore
What changed
FlexiLoans forecasts ₹2.4-2.6 trillion in MSME lending during India’s July-December 2026 festive cycle, driven by non-metro digital commerce and inventory financing. It expects ₹1,700-1,900 crore in disbursements as NBFCs gain share in small-ticket business credit.
Why this matters
Festive inventory demand and digital-commerce expansion beyond metros are likely to intensify small-retailer working-capital needs, making fast, flexible credit access a key sales-enablement lever.
What to watch
- September-October marketplace gross merchandise value, quick-commerce order growth and offline festive footfall.
- MSME credit-growth data, NBFC disbursement commentary and bank versus NBFC share in small-ticket business loans.
- GST collections, UPI merchant-payment volumes and e-way bill growth in Tier-2 and Tier-3 markets.
- Delinquency, bounce-rate and collection-efficiency disclosures for unsecured and cash-flow-based MSME portfolios.
- Funding costs, RBI liquidity conditions and any tightening of digital-lending or co-lending rules.