I think this segment, including the small enterprises, can benefit immensely from the collaboration between banks and the fintech players whereby their other payment records can form a basis for working their credit worthiness. 17. A related aspect I want to highlight is that the smaller players in the MSME segment typically dealt in cash despite having a bank account.
Thanks however to the withdrawal of the SBNs recently, most of them have begun to route their transactions through their bank accounts. It opens up a huge opportunity for the banks to employ data mining techniques and utilize the outcomes to assess credit needs of the small entrepreneurs.