US-based Drip Capital to disburse Rs 10,000 crore in collateral-free trade finance to Maharashtra MSME exporters

US-based Drip Capital Inc. has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to facilitate investment in the state and expand access to trade finance for export-oriented micro, small and medium enterprises (MSMEs).

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

Under the agreement, Drip Capital has committed to disburse Rs 10,000 crore in collateral-free trade finance to Maharashtra-based MSMEs over five years, from 2026 to 2031.

The funding is aimed at easing working capital constraints for exporters, helping them scale cross-border trade operations and participate more actively in global supply chains.

The partnership comes against the backdrop of a persistent financing gap for small businesses. As per findings by the Small Industries Development Bank of India (SIDBI), India’s MSME sector faces a credit gap of nearly Rs 30 lakh crore, which continues to constrain the ability of micro, small and medium enterprises to expand operations and compete globally. Bridging this gap could unlock an additional Rs 9-10 lakh crore in export value annually, supporting India’s export-led growth agenda.

Commenting on the partnership, Pushkar Mukewar, Founder and CEO, Drip Capital, said, “Our collaboration with 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.”

Drip Capital said it has facilitated more than Rs 66,000 crore in trade financing for over 11,000 businesses so far. The company operates a fully digital platform and uses automated risk assessment tools, which it says can help businesses access funding in days rather than weeks or months. It also offers collateral-free financing, allowing exporters to raise funds without pledging personal assets to fulfil large orders.

The partnership is also expected to support employment generation, including indirect employment through MSME supply chains, and enable exporters to use digital capabilities such as data-driven underwriting, global buyer verification, and risk assessment to access trade finance.