B20 Digital Transformation Task Force recommends easy finance for MSMEs, harmonising cybersecurity frameworks across G20 countries

NEW DELHI: Micro, small, and medium enterprises (MSMEs) should be given access to sustainable finance amidst favourable regulatory framework to facilitate their digital transformation, and promote digital trust by harmonising cybersecurity frameworks across G20 countries, recommended a B20 India task force Friday.

“Our key recommendation is to ensure that we provide sustainable and easily accessible finance to the MSME sector to ensure that they are able to invest in digital transformation, and we create enabling foundational platforms that are globally recognised and sector-specific,” said B20 India Task Force on Digital Transformation co-chair Rajesh Gopinathan.

He added that “access to accelerated, universal, high quality, reliable, future-proof connectivity” is going to be critical to ensure digital penetration and drive sustainable growth across communities and regions.


He was speaking at the B20 Summit India organised by CII.

The task force has also recommended to harmonise cybersecurity standards and frameworks across G20 countries.

“Our recommendation essentially focuses on that we harmonise a plethora of cyber security standards and framework that exist in various jurisdictions they operate in which are represented by G20 countries and ensure that we provide easy to adopt and resilient framework which will allow cyber security and ensure digital trust is built into the whole ecosystem,” Gopinathan said.

The task force also recommended driving inclusivity by developing a global minimum standard for digital literacy, which will allow for international skills portability.

“This is critical for the creation of inclusive and diverse workforce through this entire space on the digital side,” Gopinathan said.