The development of India’s economy and upliftment of the bottom strata of society depends on the proper utilisation and growth of micro-enterprises. The credit gap is the key bottleneck for the development of micro-enterprises. Effective usage of digital technology is a key solution. The growth of any country or society lies with the proper upliftment of the bottom strata of the pyramid, i.e. low-income groups and MSMEs (Micro Small, and Medium enterprises). Out of India’s 63.39 million MSMEs, 99% fall under the micro category where investments in plant and machinery…
Digital Micro Lending: Bridging Credit Gaps at Last-Mile
