Micro, small and medium enterprises (MSME) are creating 11.1 crore jobs in India, second only to the agricultural sector. However, they are plagued by acute shortage of, and access to formal credit.
For this episode of Decoding Impact we will explore a potential solution for this in the form of technology, specifically the opportunities presented by the Open Credit Enablement Network, or OCEN. We explore how it can enable access to credit for MSMEs on a national scale. We delve into the network itself, as well as the engagement with lenders, credit products, distribution engine, and finally, the role of philanthropy in accelerating its adoption. To have this conversation with us, we have Mr Hrushi Mehta, who is a Co-founder and Chief Evangelist at CredAll.