Financial Innovation in the MSME Sector: An Empirical Study on Fin-Tech
DOI:
https://doi.org/10.33516/maj.v54i10.47-50pKeywords:
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MSME sector is considered as power house of every emerging economy including India. Despite its significant contribution, the sector is facing massive problems relating to finance specifically. The purpose of this study is to review and to evaluate fintech revolution and its impact on MSME sector. Fintech is doing pioneering work in the money market. A special segment of banking industry is to provide financial support to the MSME sector. Fintech is developing tailor made solutions in the way of promoting Apps exclusively for fast approval of finance digitally to various segments including MSMEs.Downloads
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Published
2019-10-31
How to Cite
Nath, R. (2019). Financial Innovation in the MSME Sector: An Empirical Study on Fin-Tech. The Management Accountant Journal, 54(10), 47–50. https://doi.org/10.33516/maj.v54i10.47-50p
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References
Roy, Subhasish (2018), Financial Technology: Is it bane or boon for Indian Banks? Blog, published on 11.12.2018, GM, IDBI Bank
Impact of FinTech and Government Schemes on Indian MSME | Blog, published on Oct 8, 2018 https://www.knabfinance.com
Rise of FinTech will have far reaching impacts for the Indian SME sector, https://www.smefutures.com, Aug 21, 2018
Gupta, Deepak (2018) Speaking of the present scenario, one can still witness an inherent aversion to formal financial services on the part of small businesses. Lack of digital literacy and complacency form some of the major reasons for the same. The writer is VP Finance, Power2SME, www.economictimes.com
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