Budget 2019: Why FinMin Must Focus On Digital Channels To Stride Towards Financial Inclusion In India
5 years, 6 months ago

Budget 2019: Why FinMin Must Focus On Digital Channels To Stride Towards Financial Inclusion In India

ABP News  

Budget 2019: After a consecutive majority mandate received by the BJP government, there is great anticipation around the presentation of Union Budget 2019. The last term focused heavily on introducing various financial inclusion programs like - Jan Dhan Yojana, Jan Suraksha, Digi-Dhan Vyapar Yojana for Merchants and many more to serve India’s un-banked and under-banked segment. The convergence of financial services, technology and distribution has enabled rapid strides towards financial inclusion in the last few years. Digital Pay on Delivery options, innovative lending solutions for both retail and businesses, discovery platforms for various financial products like lending or insurance, peer to peer financial services and many more, the impact of fintech cuts across segment and industries, helping Indians lead a better life across the social strata.- Expectations from the government Through fin-tech solutions, enterprises have enabled local kirana store owners and other local marketers to offer an array of financial services without much investment. By adapting to different changes in the regulatory environment, leveraging the present infrastructure,and bringing out new and innovative offerings accordingly, the upcoming budget has the potential to chart a new direction for Fintech in India, one that promises a scalable and sustainable financial inclusion of the underserved segment.

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History of this topic

SBI launches TAB-based digital NRI account onboarding journey
4 days, 10 hours ago

SBI launches TAB-based digital NRI account onboarding journey

Deccan Chronicle  

Mumbai: State Bank of India, the country’s largest bank, has announced the launch of a TAB-based end-to-end digital on-boarding process for Non-Resident Indians to streamline the opening of NRE and NRO accounts. This initiative was inaugurated by SBI Chairman, Shri Challa Sreenivasulu Setty and has been made available across SBI branches in India and select foreign offices, employing digital tools …

’India’s success with UPI offers replicable model for other nations’
1 month ago

’India’s success with UPI offers replicable model for other nations’

Live Mint  

New Delhi, December 7 : India's success with UPI offers a replicable model for other nations, a paper written by noted experts asserted, arguing that how this indigenous fintech solution combined public digital infrastructure with open banking policies to reduce financial exclusion, foster innovation, and promote equitable economic growth. In regions with high UPI adoption, loans to new-to-credit borrowers grew …

FM Sitharaman urges regional rural banks to onboard customers to digital services like mobile banking by Dec 2024
1 month, 1 week ago

FM Sitharaman urges regional rural banks to onboard customers to digital services like mobile banking by Dec 2024

Live Mint  

New Delhi, November 30 : Union Finance Minister Nirmala Sitharaman has urged Regional Rural Banks to onboard rural customers to digital services such as Internet Banking, Mobile Banking, and UPI. In the meeting, Sitharaman directed the RRBs to prioritize onboarding customers for digital services and set a deadline to complete this task by December 2024. "RRBs to prioritize onboarding customers …

India at the Forefront of Digital Revolution: RBI’s Patra
1 month, 3 weeks ago

India at the Forefront of Digital Revolution: RBI’s Patra

Deccan Chronicle  

Mumbai: India is at the forefront of the digital revolution and financial technology is speeding up digital payments, the Reserve Bank of India Deputy Governor Michael Debabrata Patra said on Wednesday. Patra in his inaugural address at the DEPR Conference on 'Digital Technology, Productivity and Economic Growth in India' said that the country is uniquely positioned to unlock new growth …

Govt taking various measures at policy level to help fintech sector: Modi
4 months, 1 week ago

Govt taking various measures at policy level to help fintech sector: Modi

Deccan Chronicle  

Mumbai: Prime Minister Narendra Modi on Friday said the government is taking various measures at the policy level to promote the fintech sector, which attracted over USD 31 billion investments in the last 10 years, and the abolition of the Angel Tax is also a step towards the growth of the segment. Addressing the Global Fintech Fest 2024 here, the …

The impact of technology on finance: Enhancing experiences and safety
8 months, 4 weeks ago

The impact of technology on finance: Enhancing experiences and safety

Hindustan Times  

The proliferation of financial technology and digital banking services has revolutionised the financial landscape, making access to finance more convenient and inclusive. The prominence of fintech platforms and the increasing digitalisation of banks have democratised financial services, expanding access beyond metropolitan cities. There is a significant increase in instances of fraudsters posing as employees of fintech platforms, attempting to obtain …

Financial inclusion can reduce gender gaps in India
9 months ago

Financial inclusion can reduce gender gaps in India

Hindustan Times  

Surpassing the United Kingdom and France, India has become the world’s fifth largest economy. PREMIUM Gender Equality {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Financial inclusion plays a crucial role in advancing the economic empowerment of women, which is a key objective outlined in the fifth Sustainable Development Goal concerning gender equality. Despite the country’s initiatives aimed at enhancing financial inclusion, significant disparities …

Boosting Jan Dhan account activity: Strategy for enhanced financial inclusion
10 months, 2 weeks ago

Boosting Jan Dhan account activity: Strategy for enhanced financial inclusion

Live Mint  

Financial inclusion in India has traditionally been equated with the expansion of banking networks and the proliferation of bank accounts among the underserved. The Global Findex data from 2021 provides an insightful snapshot into India's evolving financial inclusion landscape, marked by significant digital adoption and changing saving and borrowing behaviors. According to Findex, India experienced a slight percentage decline in …

Promoting Financial Inclusion To Boosting Small Businesses: Key Expectations Of Fintech Industry From Budget 2024
11 months, 2 weeks ago

Promoting Financial Inclusion To Boosting Small Businesses: Key Expectations Of Fintech Industry From Budget 2024

ABP News  

By Roshan Shah The onset of the New Year is accompanied by hopes and expectations associated with the interim Budget. While the past year, the sector experienced regulatory reforms that helped drive the sector’s growth, this year, the market expects the Budget's focal point to be actively promoting financial inclusion in the country. Accelerate digital payments, promote innovation, and reduce …

Harmonizing Horizons: Unravelling Digital Lending Regulations in a Global Context
11 months, 3 weeks ago

Harmonizing Horizons: Unravelling Digital Lending Regulations in a Global Context

Live Law  

Driven by technical improvements and improved internet access, digital lending is on the rise in India with the goal of improving financial inclusion. The Consumer Financial Protection Bureau plays a pivotal role in enforcing federal consumer protection laws, recently issuing guidelines tailored for digital lending platforms. United Kingdom Within the United Kingdom, oversight of digital lending platforms falls under the …

G20: World Bank Lauds India's Transformative Impact Of Digital Public Infra
1 year, 4 months ago

G20: World Bank Lauds India's Transformative Impact Of Digital Public Infra

ABP News  

The World Bank has praised India's transformative impact of Digital Public Infrastructures in the past decade under the Narendra Modi-led government. Prime Minister Narendra Modi on Friday tweeted about the World Bank’s G20 document where the global agency lauded India’s leap in financial inclusion. This monumental leap shortened the journey towards financial inclusion by up to 47 years, a feat …

World Bank lauds India's digital infra impact: 'Five-decade journey in 6 years'
1 year, 4 months ago

World Bank lauds India's digital infra impact: 'Five-decade journey in 6 years'

Hindustan Times  

The World Bank has lauded the transformative impact of Digital Public Infrastructures in India in the past decade under the Narendra Modi-led government. The document, prepared by the World Bank as part of the G20 Global Partnership for Financial Inclusion, highlighted the measures taken by the Modi government and the pivotal role of government policy and regulation in shaping the …

India ranks first in digital payments made globally: Report
1 year, 4 months ago

India ranks first in digital payments made globally: Report

Deccan Chronicle  

Hyderabad: Online banking and the shift to a cashless society started approximately three decades ago in India. This year, 91 billion digital payment transactions have been recorded and today India ranks first in the number of digital payments made globally. Backbase on Wednesday released the IDC Infobrief titled ‘Accelerating customer-centric transformation by balancing build and buy - A collaborative approach …

Empowering MSMEs through Fintech: The Role of Digital Lending in Financial Inclusion
1 year, 6 months ago

Empowering MSMEs through Fintech: The Role of Digital Lending in Financial Inclusion

Deccan Chronicle  

According to IBEF, since the inception of MSMEs, the sector has played a vital role in creating job opportunities and fostering socioeconomic development, particularly in India's semi-urban and rural areas. Offering Customized Loan Products and Flexibility: Fintech's cutting-edge technology and digital capabilities have enabled digital lending platforms to provide plenty of loan solutions specifically targeted to meet the requirements of …

RBI asks banks, NBFCs to promote digital payments
1 year, 10 months ago

RBI asks banks, NBFCs to promote digital payments

The Hindu  

The Reserve Bank of India has unveiled “Har Payment Digital” as part of Digital Payments Awareness Week 2023 to make every person in India a user of digital payments. Stating that payment systems in India have witnessed over 1000 crore transactions every month since December 2022, he said “This speaks volumes of the robustness of our payments ecosystem and acceptance …

Digital payments ecosystem transformed governance, financial inclusion in India: PM Modi at G20 meeting
1 year, 10 months ago

Digital payments ecosystem transformed governance, financial inclusion in India: PM Modi at G20 meeting

India Today  

India’s digital payments ecosystem has radically transformed governance and financial inclusion over the past few years, said Prime Minister Narendra Modi while addressing the G20 Finance Ministers' and Central Bank Governors' Meeting. Our digital payments ecosystem has radically transformed governance, financial inclusion and ease of living,” said PM Modi. READ | Budget 2023 will make India leading player in global …

Budget 2023: An Effort To Enable Environment for Inclusive Growth of Fintech, Payments Sector
1 year, 10 months ago

Budget 2023: An Effort To Enable Environment for Inclusive Growth of Fintech, Payments Sector

News 18  

Union Finance Minister Nirmala Sitharaman on February 1 presented the first Budget of ‘Amrit Kaal’, which envisions a prosperous and inclusive India, as we move towards 100 years of independence. Increase in outlay is also important to incentivise and compensate financial institutions and payment service providers as they absorb losses to create and maintain large infrastructure for the payment rails …

Digital transactions to soon exceed cash in India: PM Modi
1 year, 10 months ago

Digital transactions to soon exceed cash in India: PM Modi

Deccan Chronicle  

New Delhi: As people take to India’s real-time payment mechanism, the Unified Payments Interface, Prime Minister Narendra Modi on Tuesday expressed hope that digital transactions will soon surpass cash payments in the country. Besides, the linkage will also help migrant workers, professionals, students and their families as well," Mr Modi said, while launching the service at a virtual event through …

Fintech-Driven Digital Lending To Bridge Credit Gap In India, Says Report
1 year, 10 months ago

Fintech-Driven Digital Lending To Bridge Credit Gap In India, Says Report

News 18  

The fintech revolution is likely to spur digital lending in India, which is expected to surpass traditional avenues of lending by 2030. This will be driven by deeper inroads being made in the unsecured small-ticket size segment and the secured collateral-based high-ticket size market, according to the latest white paper Fintech-led Digital Lending: Coming of Age by Experian India in …

Budget 2023-24 Expectation: Boost liquidity flow to fintech and smaller NBFCs
1 year, 11 months ago

Budget 2023-24 Expectation: Boost liquidity flow to fintech and smaller NBFCs

Firstpost  

The new-age technology has fuelled the fintech industry’s rapid growth and expansion in recent years. Using the current user base to distribute new financial products and broadening the addressable market from digital to ‘phygital’ is likely to bring about the necessary business model modifications for a relatively mature and durable fintech industry. Flexible corporate laws needed The industry anticipates the …

Budget 2023 Expectations: These Initiatives Can Boost Fintech Sector
1 year, 11 months ago

Budget 2023 Expectations: These Initiatives Can Boost Fintech Sector

News 18  

India is fast developing a robust and vibrant ecosystem for the financial technology industry. The government has undertaken several initiatives to support the burgeoning fintech industry in recent times, and it is felt that the following measures in the upcoming Budget 2023 will provide further fillip to the fintech industry and upscale the Digital India initiative: Investments for the Development …

Budget 2023: Fintech Industry Eyes More Clarity On Existing Regulations, Streamlining Process For Obtaining Licenses
1 year, 11 months ago

Budget 2023: Fintech Industry Eyes More Clarity On Existing Regulations, Streamlining Process For Obtaining Licenses

ABP News  

The fintech industry has experienced tremendous growth in recent years, and it is expected to continue to play a significant role in the financial sector in the coming years. More Investments Opportunities: Another expectation is for the government to invest in infrastructure and new technologies such as artificial intelligence, blockchain, and machine learning that will support the growth of the …

Fintech In 2022: A Defining Year For Digital Lenders; Untapped Segments See Growth Potential In 2023
2 years ago

Fintech In 2022: A Defining Year For Digital Lenders; Untapped Segments See Growth Potential In 2023

News 18  

The Indian economy has seen a recovery in the year 2022 after a two-year hit by the coronavirus waves in 2020 and 2021. Currently, about 40 per cent of payments by value are digital, contributing to a $3 trillion digital payment market on account of rapid expansion in digital infrastructure, UPI-led migration to digital, pandemic-led acceleration of shift in customer …

Time is right for a digital rupee
2 years, 1 month ago

Time is right for a digital rupee

Hindustan Times  

Starting this month, the Reserve Bank of India will begin a pilot project that will put a digital rupee, or e ₹, in the hands of individuals. In simple terms, a CBDC is the closest virtual equivalent of cash with the liability for its value resting directly with the central bank, instead of — as is the case at present …

Fintech 2.0 in 2023: Can India unlock next level
2 years, 2 months ago

Fintech 2.0 in 2023: Can India unlock next level

Firstpost  

The FinTech industry has grown exponentially, and the wave of changes brought in by fintech has profoundly impacted financial inclusion and penetration. It has also been beneficial since a country like India caters to a large population, so it requires advanced technology FinTech has become such an integral part of the financial services ecosystem over the past few years, that …

Shift from phone banking to digital banking put India on sustained growth path: PM
2 years, 2 months ago

Shift from phone banking to digital banking put India on sustained growth path: PM

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi on Sunday attributed India's sustained economic growth to the efforts of the BJP government to replace pre-2014 'phone banking' with 'digital banking'. The economic progress of a country is directly linked to the strength of its banking system, he said after dedicating 75 Digital Banking Units to the nation. The banking sector has become …

India's banking sector becomes medium of good governance, better service delivery: PM Modi at DBUs launch
2 years, 2 months ago

India's banking sector becomes medium of good governance, better service delivery: PM Modi at DBUs launch

India TV News  

Highlights PM Narendra Modi said banking sector has become vehicle for good governance PM today dedicated 75 Digital Banking Units to the nation via video conferencing Finance Minister Nirmala Sitharaman, RBI Guv Shaktikanta Das also attended the launching ceremony Digital Banking Units: Emphasizing India's strides towards financial inclusion and digital economy, Prime Minister Narendra Modi on Sunday said the banking …

There Is A Fintech Revolution Happening In India, And These Are The Factors Driving The Industry
2 years, 3 months ago

There Is A Fintech Revolution Happening In India, And These Are The Factors Driving The Industry

ABP News  

India has the highest adoption rate of any country in the world when it comes to financial technology, and this has ushered in a new age for the sector. Fintech's meteoric rise can be attributed to a confluence of factors, including technological advancements, altering social mores, and a regulatory climate that encourages innovation. The India stack and other forms of …

The promise of ONDC and the challenges it will face
2 years, 3 months ago

The promise of ONDC and the challenges it will face

Live Mint  

In the first half of 2016, when the Unified Payments Interface which enables real-time payment or transfer of funds between banks was launched, a black swan event in the form of demonetisation in November that year provided the major ballast that was required for digital payments to take off in India. What was touted as the WhatsApp moment for India …

Indian FinTech market to reach $1 trillion by 2030, says CEA
2 years, 3 months ago

Indian FinTech market to reach $1 trillion by 2030, says CEA

The Hindu  

“India is among the fastest growing fintech markets in the world with a market size of $31 billion in 2021 that is expected to reach $1 trillion by 2030,” said V. Anantha Nageswaran, Chief Economic Advisor of India, Ministry of Finance, Government of India. “The next wave in the fintech sector could be the cash flow lending to MSMEs using …

RBI Actively Working Towards Phased Implementation Of CBDC: Shaktikanta Das
2 years, 3 months ago

RBI Actively Working Towards Phased Implementation Of CBDC: Shaktikanta Das

ABP News  

The Reserve Bank of India Governor Shaktikanta Das on Tuesday said that the central bank is committed to supporting innovation for fintech companies while keeping in mind consumer protection. Further, the RBI is now actively working towards a phased implementation of Central Bank Digital Currency in both wholesale and retail segments. The number of UPI QR code enabled payment acceptance …

Why CCI matters for protecting customers from digital players
2 years, 3 months ago

Why CCI matters for protecting customers from digital players

Live Mint  

The Parliamentary Standing Committee on Finance, headed by Jayant Sinha, is only the latest to voice its concerns about potential risks from the rapid growth of the digital economy. In particular, the risks arising from the inherently anti-competitive nature of players in the digital world due to what are known as network effects, the peculiar feature that makes the value …

Explained | Why has the RBI come out with a framework to regulate digital lending?
2 years, 4 months ago

Explained | Why has the RBI come out with a framework to regulate digital lending?

The Hindu  

The story so far: On August 10, the Reserve Bank of India instituted a framework for regulating the digital lending landscape in the country. The latest set of regulations are based on recommendations received from its Working Group on ‘Digital Lending including lending through online platforms and mobile apps’ which was constituted last January. Lending Service Providers act in partnership …

RBI issues guidelines to regulate digital lending
2 years, 4 months ago

RBI issues guidelines to regulate digital lending

The Hindu  

The Reserve Bank of India on Wednesday issued the first set of guidelines for digital lending, to crack down on illegal activities by certain players. Stating that digital lending channels had become prominent recently, the RBI said certain concerns had also emerged which, “if not mitigated, may erode the confidence of members of the public in the digital lending ecosystem.” …

We are well placed to let fintech lead the success of Digital India
2 years, 5 months ago

We are well placed to let fintech lead the success of Digital India

Live Mint  

From a 6.6% contraction in 2020-21, the Indian economy recorded a sharp rebound of 8.7% growth in 2021-22, by provisional estimates. The Niti Aayog report, India’s Booming Gig and Platform Economy, has underscored the role of fintech and a regulatory sandbox regime in helping India achieve its $5 trillion target. Broadly, the fintech sector is regulated under five regulations: the …

Phased implementation of digital currency for wholesale, retail segments in the works: RBI official
2 years, 5 months ago

Phased implementation of digital currency for wholesale, retail segments in the works: RBI official

The Hindu  

The Reserve Bank of India is in the process of implementing the Central Bank Digital Currency in a phased manner for wholesale and retail segments, an official said on Wednesday. The introduction of CBDC was announced in the Union Budget 2022-23, by Finance Minister Nirmala Sitharaman and necessary amendments to the relevant section of the RBI Act, 1934 have been …

Phased implementation of digital currency for wholesale, retail segments at works: RBI official
2 years, 5 months ago

Phased implementation of digital currency for wholesale, retail segments at works: RBI official

India Today  

The Reserve Bank of India is in the process of implementing the Central Bank Digital Currency in a phased manner for the wholesale and retail segments, an official said on Wednesday. The introduction of CBDC was announced in the Union Budget 2022-23, by Finance Minister Nirmala Sitharaman and necessary amendments to the relevant section of the RBI Act, 1934 has …

UPI: the dawn of digital fintech nirvana
2 years, 6 months ago

UPI: the dawn of digital fintech nirvana

The Hindu  

If you own a smartphone, you have most probably done UPI-based payments using BHIM or some other mobile application. Secondly, a Payment Service Provider takes care of the to-and-fro transactions to this VPA and finally, the UPI software orchestrates the fund movement from a customer’s VPA to a target VPA and completes the transaction. A ubiquitous payment system The popularity …

UPI, CoWIN, ONDC: Public Digital Infrastructure Has Put India on the Fast Lane of Tech-led Growth
2 years, 7 months ago

UPI, CoWIN, ONDC: Public Digital Infrastructure Has Put India on the Fast Lane of Tech-led Growth

News 18  

“Government 2.0, then, is the use of technology – especially the collaborative technologies at the heart of Web 2.0 – to better solve collective problems at a city, state, national, and international level”, Tim O’Reilly, Chief Executive Officer of O’Reilly Media said in a paper published in 2010. This paper is considered the origination of the term “Government as a …

How technology has created new avenues for digital financial inclusion
2 years, 8 months ago

How technology has created new avenues for digital financial inclusion

Firstpost  

The number of active internet users in India is expected to increase by 45 per cent in the next five years and touch 900 million by 2025 from around 622 million in 2020 Financial inclusion is one of the key drivers of economic growth. With an exponential increase in mobile and internet usage and a relatively faster rate of technology …

RBI unveils guidelines for digital banking units. Here’s 10 key points
2 years, 9 months ago

RBI unveils guidelines for digital banking units. Here’s 10 key points

Live Mint  

The Reserve Bank of India on Thursday released the guidelines on the “Establishment of Digital Banking Units ”. DBUs are specialised fixed point business unit / hub housing certain minimum digital infrastructure for delivering digital banking products & services as well as servicing existing financial products & services digitally, in both self-service and assisted mode, to enable customers to have …

India’s digital economy to see exponential growth to $800 bn by 2030: FM
2 years, 9 months ago

India’s digital economy to see exponential growth to $800 bn by 2030: FM

Live Mint  

India's digital economy is expected to witness exponential growth to $800 billion by 2030 on the back of rising internet penetration and increasing income, Finance Minister Nirmala Sitharaman said on Friday. "They may function from one place but they may serve any number of districts but we are also targeting 75 districts to be covered and I guess the DPU …

Govt testing UPI Lite to allow payments without internet
2 years, 11 months ago

Govt testing UPI Lite to allow payments without internet

Live Mint  

BENGALURU :The National Payments Corp. of India is testing a solution that will allow Unified Payments Interface -based digital payments without active internet connection, according to multiple people familiar with the development. The solution, called UPI Lite, will likely be used first to enable digital payments under ₹200 in rural areas, the people, including three government officials and a senior …

Fintech industry body seeks regulatory nod to act as SRO
2 years, 11 months ago

Fintech industry body seeks regulatory nod to act as SRO

Live Mint  

Mumbai: Fintech Association for Consumer Empowerment, a body of digital lenders on Thursday said it has applied to the Reserve Bank of India to take on the role of a self-regulatory organization in the digital lending industry. The organization said it has been working closely with regulators, official stakeholders, industry players, and other consumer groups to address the need for …

Credit-starved India Cannot Achieve Double-digit Growth. It Needs Digital Banks for Lending
3 years ago

Credit-starved India Cannot Achieve Double-digit Growth. It Needs Digital Banks for Lending

News 18  

The Indian economy might have been “liberalized” since the early 1990s, yet a sector–banking–still exists where a license is given and the business model defined by the regulator. The need for regulation for digital banks arises as traditional universal banks like Kotak are already offering digital banking through their 811 service. These banks can leverage a new deposit base like …

IIM Udaipur Launches Digital Fintech Centre to Develop New Financial Frameworks
3 years, 3 months ago

IIM Udaipur Launches Digital Fintech Centre to Develop New Financial Frameworks

News 18  

The Indian Institute of Management Udaipur has launched a digital fintech centre to be driven by fintech academia and stakeholders for empowering the development of financial frameworks and technical understanding of the path-breaking industry vertical. This initiative aims to bring together industry practitioners, market regulators, entrepreneurs, venture capitalists, technologists, and academicians to develop new knowledge, practices, and frameworks for the …

Reserve Bank of India puts new payment network plan on hold
3 years, 4 months ago

Reserve Bank of India puts new payment network plan on hold

Hindustan Times  

A plan to allow new entities to create digital payment platforms and end the National Payments Council of India’s dominance in online transactions has been put on hold by the regulator over data safety concerns, two people directly aware of the development said. Public sector lenders such as State Bank of India and Union Bank were, however, barred by the …

Financial privacy must be recognised in India
3 years, 5 months ago

Financial privacy must be recognised in India

Hindustan Times  

Does one grain of sand make a ‘heap’? In a recent article linked below, this linguistic conflation in the context of ‘financial privacy’ is examined in the context of India’s technology and financial sector laws governing the vast field of ‘fintech’, including public and private financial institutions, regulators, government bodies and ministries, and financial institutions like banks, insurance companies, pension …

Digital and Branchless: The Big Structural Reform that Indian Banking Needs
3 years, 5 months ago

Digital and Branchless: The Big Structural Reform that Indian Banking Needs

News 18  

India’s second COVID wave is abating, the lockdowns have been lifted yet the economy is in uncharted territory, humming tentatively as a third wave lurks threateningly in the background. Small Enterprises, Big Crunch The traditional banks have always shied away from micro, small and medium enterprises or MSMEs because of risk aversion and the sheer challenge of managing the unwieldy …

Digital lenders must help the vulnerable access productive credit
3 years, 7 months ago

Digital lenders must help the vulnerable access productive credit

Live Mint  

The effects of the second wave of covid on micro, small and medium enterprises are widely anticipated to be more harmful than those of the first wave. A recent article published in Mint on 6 May 2021, ‘We must study the MSME credit gap before we can fix it’ by Deep Mukherjee, emphasises the scope of digital lending based on …

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