The gross non-performing advance of MSMEs stood at Rs 1,31,928 crore at March-end, down from Rs 1,54,094 crore a year ago and Rs 1,82,114 crore in March 2021. Biz2Credit co-founder and CEO Rohit Arora said MSMEs in India are facing challenges in obtaining credit from banks and financial institutions due to factors like collateral requirements, limited credit history and high-interest rates.