This study aims to provide an assessment of the Micro, Small and Medium Enterprise sector finance in India. The chapters in the study highlight the key characteristics of the MSME sector, and assess the demand for, and the flow of credit into the sector. The study also evaluates the consequent gap in the financing needs of MSMEs. Finally, it explores potential interventions to boost the flow of formal credit to the sector. This study is an update to IFC’s ‘Assessment of MSME Finance in India” Report which was earlier published in Nov, 2012. (This Report is based on research and analysis of available demand and supply data from 2017).