Fintechs and NBFCs can solve credit issues for SMEs and MSMEs, says Vikas Singh of Sugmya Finance

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Despite the government’s efforts to increase women’s participation in the lending industry, the numbers are still significantly lower compared to men. Specifically, when it comes to obtaining loans for SMEs and MSMEs, women encounter various obstacles, said Vikas Singh, CEO & Co-founder, Sugmya Finance. In an interview with MintGenie, Singh said that fintechs and NBFCs can play a considerable role in solving the credit accessibility and creditworthiness of SMEs and MSMEs. Edited Excerpts: India has the largest MSME base after China. Keeping that in mind, what trends do you think are dominating the industry right now? Can you highlight at...