Quote on Economic Survey by Mr. Nirav Choksi, CEO & Co-founder, CredAble
Below the Quote on Economic Survey by Mr. Nirav Choksi, CEO & Co-founder, CredAble
"The Economic Survey has pegged India's FY26 GDP growth between 6.3% and 6.8%. The route to higher productivity lies in creating a win-win economic fabric for all sectors, especially the MSMEs. We’re seeing a positive shift in India’s financial services ecosystem with bank credit to MSMEs surpassing enterprises with 13% growth. RBI’s ULI is bringing about sweeping changes in the MSME credit ecosystem. With its open architecture and plug-and-play model, ULI is improving the discoverability and deliverability of credit to underserved MSMEs.
FinTechs are also playing their part in democratising financial services by accelerating the deployment of technology-enabled financial inclusion and pay-as-you-use financing solutions. While FinTechs are redefining MSME lending with innovative underwriting approaches, products like ULI can extend their reach and cover more lending use cases and categories to remove structural barriers and improve access to working capital financing for MSMEs."
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