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Democratizing Credit for India’s 60 Million Microenterprises

India’s digital public infrastructure promises a new lending paradigm

India's remarkable economic growth owes much to its vibrant micro, small, and medium enterprises (MSMEs), which account for nearly a third of the country's GDP. However, MSMEs, especially those in the "micro" category, which are the smallest firms but form the backbone of India's MSME landscape, face significant constraints in unlocking their full potential. One of the most pressing obstacles is their lack of access to formal and affordable credit and financing, which hinders their growth due to inadequate working capital reserves and flows.

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Asawari Luthra is a social impact research consultant at the Sattva Knowledge Institute, where she is currently investigating the potential of digital public goods to deliver affordable finance to underserved populations. Previously, Asawari has primarily been steeped in academia – pursuing and teaching Cultural Anthropology. Her prior research has focussed ... Read more
Abhishek Modi is a Senior Practice Manager at the Digital Platforms Practice Area of the Sattva Knowledge Institute. He has more than eight years of experience in the social sector across the diverse domains of education, health, livelihoods, and technology.

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