An Outlook on Role of Open Credit Enhancement Network in India’s Digital Lending: MSMEs

Author(s)	Sahana B S
Country	India
Abstract	The micro, small, and medium enterprises (MSME) sector of India is a key source of generating employment and entrepreneurship there by contributing to the country’s economic and social development. Despite all these features, MSMEs struggles to access credit for financial requirement and the credit demand gap is increasing year after year. To meet such credit demand, Indian Government has launched the Open Credit Enablement Network, or OCEN, a step to move towards democratization of credit and financial inclusion. The present study throws light on the need for OCEN and the role of OCEN in digital lending ecosystem of MSMEs in India. The paper also discusses the challenges and the opportunities for OCEN in the financial inclusion status of the economic system.
Keywords	Open Credit Enhancement Network (OCEN), MSMEs, Digital Lending
Field	Business Administration
Published In	Volume 6, Issue 2, March-April 2024
Published On	2024-04-26
Cite This	An Outlook on Role of Open Credit Enhancement Network in India’s Digital Lending: MSMEs - Sahana B S - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.17905
DOI	https://doi.org/10.36948/ijfmr.2024.v06i02.17905
Short DOI	https://doi.org/gtsg78

About IJFMR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9898-5948-55	editor@ijfmr.com

International Journal For Multidisciplinary Research