Creditworthiness | Impact Entrepreneur

Democratizing Credit for India’s 60 Million Microenterprises

Democratizing Credit for India’s 60 Million Microenterprises

by Asawari Luthra | Asia, Editor's Picks, Impact Economy, Regions, Scaling Solutions, SDG 10 - Reduced Inequalities, SDG 8 - Decent Work and Economic Growth, SDG 9 - Industry, Innovation, and Infrastructure, SDGs

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...