Twitter Chat on ‘Financing for MSMEs’

[vc_row full_width=”stretch_row” gap=”20″ css=”.vc_custom_1579696029054{padding-top: 100px !important;padding-bottom: 20px !important;background-color: #ffffff !important;}” el_class=”game-team-single-rowone event-page-single-rowone”][vc_column width=”3/4″][tek_sectiontitle st_title=”Quotes from Twitter chat on Recalibrating MSME Finance to unlock growth potential” st_title_tag=”h2″ st_subtitle_decoration=”” st_separator_enable=”separator_off” st_text_align=”text-left” st_width=”st_fullwidth”][vc_empty_space][vc_row_inner content_placement=”middle”][vc_column_inner width=”1/3″][vc_single_image image=”10946″ img_size=”full”][/vc_column_inner][vc_column_inner width=”2/3″][vc_column_text]“Trade & cashflow lending models are the only ones appropriate for MSME’s below 10 cr t/o. Given that PCR will soon be live and e-invoicing will be pervasive, these models will have lot of public data (with consent) without having to rely on private data”
Ramaswamy Iyer Founder and CEO[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner content_placement=”middle” css=”.vc_custom_1617113873693{padding-top: 50px !important;}”][vc_column_inner width=”2/3″][vc_column_text]“Top Need is for *Flexibility* with existing solutions for #MSMEs and not so much of a new product as such. For example, letting business decide if they want to buy a secondhand machine. Many lenders will only give loan for a new machine”
Hardika Shah, Founder & CEO KinaraCapital[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/3″][vc_single_image image=”10948″ img_size=”full”][/vc_column_inner][/vc_row_inner][vc_row_inner content_placement=”middle” css=”.vc_custom_1617113885103{padding-top: 50px !important;}”][vc_column_inner width=”1/3″][vc_single_image image=”7619″ img_size=”full”][/vc_column_inner][vc_column_inner width=”2/3″][vc_column_text]“Distributors & suppliers give the most amount of credit to MSMEs (without it being counted as formal credit) 🙂 “Proximity to Trust” – is the anchor of models that have so far worked: eg. Supplier / distributors of large brands”
Mekin Maheshwari (Founder Udhyam Learning Foundation Co- Founder GAME)[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner content_placement=”middle” css=”.vc_custom_1617113909173{padding-top: 50px !important;}”][vc_column_inner width=”2/3″][vc_column_text]“Most large FIs say that they take sectoral nuances into account, but most products remain vanilla in nature. Some innovation has definitely happened in product side but accessibility remains low ”
Abhimanyu Dhamija (VP-Business (financial services), Khata Book)[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/3″][vc_single_image image=”10947″ img_size=”full”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/4″ css=”.vc_custom_1516008777154{padding-right: 0px !important;padding-left: 0px !important;}”][vc_widget_sidebar sidebar_id=”blog-sidebar”][/vc_column][/vc_row]