Author: Supratik Nag

Supratik Nag is currently working as Vice President of Product Management and Sales Engineering at Maveric Systems. He has almost 22+ years of experience in the Banking Industry and has spent most of his career as a Product Manager in banks like HSBC and Barclays and as a Consultant with Cognizant Consulting and Oracle Financial. His areas of interest are Digital Banking, Transactional Banking, and Artificial Intelligence.

Digital Micro Lending: Bridging Credit Gaps at Last-Mile

Supratik Nag

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…