Drip Capital Signs MoU with Maharashtra Government to Facilitate INR 10,000 Cr Trade Finance for MSME Exporters

Drip Capital has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to expand access to trade finance for micro, small and medium enterprises (MSMEs) engaged in exports.

The MoU was signed on the sidelines of the World Economic Forum Annual Meeting in Davos on January 22, 2026.

Under the agreement, Drip Capital has committed to disburse INR 10,000 crore in collateral-free trade finance to Maharashtra-based MSME exporters over a five-year period from 2026 to 2031. The initiative is aimed at improving exporters’ access to working capital, enabling them to scale cross-border trade operations and integrate more effectively into global supply chains.

India’s MSME sector continues to face a significant financing challenge. According to the Small Industries Development Bank of India (SIDBI), the sector has an estimated credit gap of nearly INR 30 lakh crore. This shortfall often limits the ability of smaller businesses to expand operations, manage cash flows, and participate competitively in international trade, despite their role as a major contributor to employment and economic growth.

Industry estimates suggest that narrowing this credit gap could unlock INR 9–10 lakh crore in additional export value each year, providing a boost to India’s export-led growth efforts. However, limited access to timely and affordable finance remains a key constraint, particularly for exporters that lack collateral or long credit histories.

Pushkar Mukewar, Founder and CEO of Drip Capital, said, “Our collaboration with the Government of Maharashtra will foster financial inclusivity and resilience among MSMEs. We aim to empower local businesses with access to timely, collateral-free finance and technology solutions to drive economic growth and global scale.”

Founded in 2016 by Pushkar Mukewar and Neil Kothari, Drip Capital is a California-headquartered fintech company with a significant presence in Mumbai. It provides collateral-free cross-border and domestic trade finance to small and medium businesses through a fully digital platform. The company uses automated and data-driven risk assessment tools, allowing exporters to access funds in days rather than weeks.

To date, Drip Capital claims to have facilitated more than USD 8 billion in cross-border trade globally and over INR 66,000 crore in trade financing in India, supporting more than 11,000 businesses across 60 countries.

The Maharashtra government partnership is expected to support both direct and indirect employment through the expansion of MSME supply chains. It will also enable exporters to use digital capabilities such as data-driven underwriting and global buyer verification, helping improve access to reliable and timely trade finance while strengthening the state’s export ecosystem.