The MSME sector has long been called the backbone of the Indian economy. We have seen the evolution of the sector from one primarily manufacturing simple products to one producing competitive and sophisticated goods like electronic control systems, medical equipment etc. But the sector remains woefully underserved by financial services with an estimated credit gap of $300 Bn
To discuss this and more we caught up with Gurjodhpal Singh, CEO – India, Tide. In the episode we cover:
- Overview of the SME space in India
- Trends in digitization and challenges
- Tide’s origin story and plans for India
- Impact of regulations on SME banking in India
- The road ahead for SME banking
So tune in to learn about this fascinating segment
Timeline
00:00 Start
00:43 Introduction
01:18 About Gurjodhpal
03:46 The SME space in India
07:16 Trend of digitization of SMEs
13:47 Effect of the pandemic on the SME segment
16:47 Challenges in digitization
19:35 The Tide origin story
23:05 SME Banking in India
27:36 Regulations and their impact
32:54 The road ahead for SME banking in India