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From Risk Transfer to Growth Catalyst, Reimagining Insurance for MSMEs 

Reimagining Insurance for MSMEs: From Risk Transfer to Growth Catalyst

Rakesh Jain, CEO, IndusInd General Insurance

 On MSME Day, as we reflect on the theme ‘The Future Generation of MSMEs’ with its focus on human centered entrepreneurship in an AI driven economy, we celebrate the backbone of India’s growth, enterprises that drive innovation, employment, and regional progress. MSMEs contribute nearly 30% to India’s GDP and support over 110 million livelihoods, making them central to the nation’s growth story.

Progressive government initiatives such as Udyam registration, enhanced credit access, and digital public infrastructure are accelerating the formalisation and resilience of this sector. However, rising risks including climate volatility and evolving supply chain disruptions underscore the need for stronger, future ready protection frameworks.

General Insurance must evolve into a proactive growth enabler for MSMEs, helping them scale with confidence in an increasingly uncertain world. It is no longer just about protection, but about anticipating risks, enabling faster recovery, and supporting sustainable growth.

At IndusInd General Insurance, we are committed to delivering simple, affordable, and customer centric solutions powered by technology and insight to support MSMEs at every stage of their journey. Strengthening MSMEs is not just an economic imperative, it is key to building a resilient, self-reliant, and future ready Bharat.

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