Government and RBI have been working on empowering MSMEs. After special schemes to support the segment, government also announced allocation of 3lakh crores to MUDRA Bank under the scheme during the budget.

Also, RBI recently eased NPA classification norms for such units facing input credit linkages and associated issues. From all directions nation is trying to nurture the MSME segment which also provides maximum employment from the non-agri sector in the country.

Further to this there are fintech and NBFC that are making efforts in the same direction and creating a difference in the economic scenario. With a credit analysis procedure that is supportive and easier for MSMEs to meet, these organisations are also working as financial advisors to them. Right from how much to be borrowed to how the fund is to be utilised well, these brands are taking a step ahead and making the segment move.

Some of the top names are:

Faircent

Faircent, leading P2P platform has been facilitating loans for number of businesses across the country. Its tech enabled backbone makes the entire process and hassle free. Each borrower that registers with Faircent is evaluated based on his ability, stability and intention to repay across more than 120 parameters processed through access to more than 400 data points. The strong algorithm helps finding the apt lender for borrowers on the basis of borrower's profile. Borrowers new to credit or with poor credit history, who face much difficulty in getting their loan requirements fulfilled by traditional avenues, are also able to avail hassle-free loans through the Faircent.com platform.

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