Metamorphism of financial services beyondthe landscape: Bridging the Financing Gap forEmerging Business Enterprises throughFinancial Inclusion in Developing countries

The changing market and economic conditions due to erratic market and post pandemic effect, hasredefined the role of financial services in the organization. The leaders of finance have to transformtheir functions and are expected to be as much as business strategist as a financial expert. Torespond to this rapidly evolving scenario, the finance sector must undergo a fundamental changeand realign it to the changing business environment. There is need to retrospect the FinancialService Industry and actions taken by the industry players to find a remarkable place within sectorwith the objective of equitable economic growth This paper is based on an ongoing study on financial inclusion in India with reference to EmergingBusiness Enterprises. By analysing secondary data, the objectives of this study are to examine (i)the achievement of financial inclusion in India;(ii) the positive impact on Emerging BusinessEnterprises, particularly their access to formal funding sources; and (iii) the challenges andopportunities in increasing Emerging Business Enterprises 'access to formal funding in the country.The results of the analysis show that since the start of the financial inclusion policy after the1997/98 Asian financial crisis, public access to formal financial institutions has continued toincrease. However, only a small number of Emerging Business Enterprises, especially micro andsmall enterprises have access to credit for various reasons. This study concludes that much remainsto be done so that all Emerging Business Enterprises can have access for smooth and continuousflow of credit.