The MSME sector has long been the beating heart of the Indian economy, contributing over 30% to GDP and accounting for almost half of the country’s exports. However, despite these impressive figures, access to formal credit is one of the greatest barriers for MSMEs, specifically the micro and small levels. The Indian government has steadily […]
How Does Micro Loan Management Software Improve Lenders Profitability?
According to experts, microfinancing has been one of the most instrumental factors in facilitating financial inclusion in India. The Bharat Microfinance Report by Sa-dhan highlights that 98% of microfinance institution (MFI) borrowers are women, demonstrating the significant role MFIs play in empowering women entrepreneurs through micro-credits. This impact is further underscored by data from the […]