Category: Banking and Finance
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India’s Open Credit Enablement Network as a Model to Empower MSMEs in Emerging Economies | ORF
India’s micro, small, and medium enterprises (MSME) sector is a key driver of the country’s economic and social development by fostering entrepreneurship and generating substantial employment opportunities at comparatively lower capital costs. However, inadequate access to finance is one of the most crucial barriers to the sector’s growth. Recent developments…
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Empowering the Informal Sector: How Fintech and NBFCs are Reshaping Access to Credit in India
Introduction Fintech and non-banking financial companies (NBFCs) are playing an increasingly important role in providing financial services to the informal sector in India. The informal sector, consisting of micro, small, and medium-sized enterprises (MSMEs), as well as rural, unbanked, and informal sectors, faces challenges in accessing credit from traditional banks.…
