US-based trade finance platform Drip Capital Inc. has signed a memorandum of understanding with the Government of Maharashtra to expand access to export finance for micro, small and medium enterprises in the state. The agreement was signed on the sidelines of the World Economic Forum Annual Meeting in Davos. Under the MoU, Drip Capital has committed to disburse around Rs 100 billion in collateral-free trade finance to Maharashtra-based MSMEs over a five-year period from 2026 to 2031. The funding is intended to ease working capital constraints for export-oriented MSMEs, enabling them to scale cross-border trade operations and strengthen their participation in global supply chains. The partnership addresses a key challenge faced by small businesses—limited access to timely and affordable credit. According to the Small Industries Development Bank of India, India’s MSME sector faces a credit gap of nearly Rs 300 trillion, which constrains the ability of enterprises to expand and compete internationally. Bridging this financing gap could unlock an additional Rs 90–100 trillion in export value annually, supporting India’s export-led growth ambitions. Pushkar Mukewar, Founder and Chief Executive Officer of Drip Capital, said the collaboration with the Maharashtra government will promote financial inclusion and resilience among MSMEs. He added that the company aims to empower local businesses with timely, collateral-free finance and technology-driven solutions to drive economic growth and global expansion. Drip Capital said it has facilitated more than Rs 660 billion in trade financing for over 11,000 businesses to date. The company operates a fully digital platform and uses automated risk assessment tools to enable exporters to access funding within days rather than weeks or months. By offering collateral-free financing, the platform allows exporters to raise working capital without pledging personal assets, helping them fulfil large international orders and manage cash flows more efficiently. The partnership is also expected to support employment generation across MSME supply chains and enhance exporters’ access to digital capabilities such as data-driven underwriting, global buyer verification and risk assessment.