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Digital MSME Lending in India

1. Introduction With the fifth-highest GDP in the world and a thriving business environment, India has one of the fastest-growing economies in the world.  MSMEs, or the 55 to 60 million micro, small, and medium-sized businesses currently operating in India, are at the center of this landscape. The contribution of MSMEs to India's GDP is outstanding, but it is approximately 10 percentage points lower than in the US and 23 percentage points lower than in China. Millions of MSMEs need more paperwork to obtain a formal loan. Many need more adequate collateral or have financial information that needs to be more accurate or included.  A total of INR 45 L Cr ($600 billion) in MSME credit demand is anticipated for 2018. With interest rates at least twice as high as formal credit, informal credit will meet around 40% of that demand. 2.  The Evolving MSME Landscape MSMEs in India are formalizing (becoming businesses with government permits or registrations) and digitizing (adopting...

Robert T. Kiyosaki : Rich Dad Poor Dad (Review)

                “ It’s not how much money you make, but how much money you keep,                       how hard it works for you, and how many generations you keep it for.” Everybody has a desire to earn a lot of money in their life. Even we have listened a lot that one should study hard or work very hard in life to achieve its goal or to earn handsome amount of money. We all know or at least we have heard that work hard and earn money but what if someone says to you that let the money work for you, quite surprising? Yes, this book is all about such theories and experiences of Mr Robert Kiyosaki. If you have the appetite of earning money then this book is amazing with its extraordinary theories and explanations. The story starts when one day Robert with his friend Mike was casting nickel from the lead to become rich. Their dream vanished when they learned that it is an illeg...

Sidney Sheldon : The Other Side of Me (Review)

Don't give up. There are too many nay-sayers out there who will try to discourage you. Don't listen to them. The only one who can make you give up is yourself. If someone is scared of failure then he/she must read the masterpiece by legendary Sidney Sheldon. One of the best novelists  has ever witnessed. "The Other Side of Me" is his Autobiography, certainly one of his best creations. It seems like I have lived his life through his book. A man once decided to quit and was ready to commit suicide at the age of 16 became the world-renowned writer later. He then went on winning the Oscars besides many other acclaims. He is a true inspiration to all the youth who have millions of dreams to fulfil. He wrote novels, TV  plays in his long career. He started just as a reader but ended up being a producer, writer, director and novelist. His life is a lesson to millions of youths that one should never give up. He failed many times but later be...

George Orwell : Animal Farm (Review)

We are living in the 21st century, the century we proclaim to be the most advanced, literate, independent, socially equal and what not. But I was amazed when I went through this book as I could easily relate those things which were mentioned by the author in 1945 actually existed even today. When we talk about equality we believe that all men, women, religion, caste, and color to be as equal. But the question is, "Is it really so?" Are we still not facing the communalism in the society? The book revolves around the story on the same issue. We, humans, have a very common tendency of suppressing the weaker section by the powerful one and impose its beliefs on them. The author George Orwell has beautifully explained this in his book. The story starts when on an animal farm all the animals collectively decide to rebel against the human's atrocity. It was found that they use animals according to their need and later slaughter them when the requirement is over. All the ani...

Richard Bach : Jonathan Livingston Seagull (Review)

A decent fable, written by Richard Bach, based on the life of a Gull who lived on the shore. The main aim of their life was to collect food for their survival. The story is a message to all those who follow their passion irrespective of what society thinks about them. There is a basic human tendency which complies with Newton's first law that a body remains in the original state unless external force applied. Whenever one tries to do anything new and innovative, people misjudge him and try to demotivate him. This message is beautifully described through the life of a similar Gull who wanted to lead a different life than his flock. The Gull only wanted to fly as every day was the last day of its life. After a lot of practice and hard work, it finally succeeded to attain a record speed. But owing to the tendency of their flock, they ousted the Gull. But as the saying goes, "God helps those who help themselves", the Gull never left its path and worked vigorously for ...

Paulo Coelho : The Alchemist (Review)

The novel is written in a very beautiful and systematic manner. The story revolves around a boy who comes out of his comfort zone to accomplish his dream. Actually, the story is not just about the kid in the book but every individual out there in this world. Nothing is possible unless we come out of our comfort zone. Albeit we tend to remain in the cocoon but this is not the solution. The world we are living in today would not have been the same if every individual had thought for his comfort zone. One can only grow and achieve when it hits out its limitations and boundaries. Every successful human being we talk about has done something different from others is able to achieve what he/she has today. The message of the book is "When you desire something from the heart even the whole universe conspires you to achieve it." The message is very strong and clear that one should follow his dream no matter what it takes to it. The story is all about the boy who used to be ...

Andre Agassi : OPEN (Review)

A big big big Tennis Fan and just got amazed to read the magnificent, one of the best Autobiography rated ever OPEN by legendary tennis player Andre Agassi. Also acclaimed as The Punisher for to make sure that every point needed sweat like hell. 8 times Grand Slam winner, only 4th player to win all the grand slams and Gold in Olympics. Married to another women's legendary tennis superstar Steffi Graff (22 Grand Slams plus Olympic Gold). The novel is very inspiring and emotional that how a middle-class boy who hated tennis all his life, superseded the many legendary players and established his own aura and image. After reading it felt like I have lived a life with him, his journey from a 7-year old kid hitting machine ball in the backyard to end up world number 1, 60 career titles and what not. The world has seen one of the best rivalries between Sampras And Agassi, his fight with Boris Becker and even the divorce from TV sensation Brooke Shields. This man has all i...