Lending 2.0: How technology and data are easing credit access for MSMEs

Technology and data intertwine d to provide formal lenders with necessary insights into the performance of a business is beginning to make an impact in lending to MSMEs. Non-banking financial companies (NBFCs) and particularly banks are gradually coming to terms with the fact that collateral or balance sheet-based lending is turning out to be a flawed model in lending as emerging businesses neither have enough assets to pledge nor they have a strong balance sheet, unlike large businesses who probably have both.

Read more at Financial Express