How has Technology Redefined MSME Lending?

Differentiated underwriting, customized offering, flexibility, and fewer criteria for MSME loan eligibility are but a few reasons that make NBFCs a better choice for small organizations. Findings revealed that NBFCs demonstrated the lowest turnaround time for MSME loans which fell from 24 days in 2014 to 18 in 2018. (Stats from Economic Times)

As the most dynamic and promising sector today, MSMEs need easy, quick access to credit. With over 60 million MSMEs in India and a lending potential of 100bn that banks are unable to meet, they are forced to turn to informal sources of credit to finance their needs. There’s a wide gap between the demand and supply of credit in the MSME sector and NBFCs are well on their way to bridging it.

Technology and its uses have seeped into every industry across the board, each to different extents. The NBFC sector is no exception. Whether it’s the digitalization of documentation for paper-free processes or harvesting intelligence to deliver an exceptional, seamless experiences. The time has come for the leaders of change to adopt and implement technology to improve efficiency, accuracy, and speed and deliver value to their customers.

Against all odds, public deposits in NBFCs increased from $293.78 Mn in FY09 to $4.95 Bn (INR 319.05 Bn) in FY18.(sourced from Inc42, link mentioned) And, it might just have been the new financial technologies being leveraged that are responsible for this growth. Many NBFCs are strategically targeting this underserved market and leveraging technology to meet their needs. Let’s find out how tech is changing the MSME lending landscape:

Risk assessment

In the past, NBFCs depended on collateral and physical documentation to assess the creditworthiness of a small business. The birth of the internet and the domination of technology today has facilitated access to a wide range of formal and informal sources of data. It draws a clearer picture of the small business’ financial standing and allows financial institutions to assess their eligibility and take a call on whether the application should be approved or denied. This gives small businesses, with little to no formal proof of profit, the chance to become credible borrowers.

Documentation has gone digital, and processes online. While the migration of data to the cloud helps improve accuracy and speed of response, it inadvertently opens the organization up to a number of cyber threats. NBFCs must take the security measures necessary to safeguard their customer data, while they optimize the use of tech to simplify risk assessments and other operations.

Loan application process

Gone are the days when MSMEs needed to fill out a multi-page loan application or be present at a fixed location. Financial services technology has simplified the process to the extent of a few clicks. Additionally, it has the capacity to identify potential shortcomings related to the repayment of the debt and takes a call on whether to approve or deny the loan, almost instantly. The repayment process has also been simplified through the usage of UPI payment gateways that lets you pay both the principal and interest online.

Earlier the options available to MSMEs were limited by location, collateral, time, interest, etc. Technology gives customers access to lenders that were once out of their geographical reach and vice versa. NBFCs can now reach rural markets and provide services to the financially weaker and unserved markets like never before.

Challenges Faced

Technology is no longer the way of the future, but the way forward today. NBFCs that fail to recognize this critical shift, run the risk of extinction. Transformation is not possible overnight, it takes years of planning, implementation and course correction. There are a number of challenges faced by NBFC on the journey towards a digital tomorrow, some of which include:

Capital Intensity- Digitalization is a capital-intensive investment that a number of NBFC are unable to afford or unwilling to create a budget for. Many of them fail to see the potential impact and fear that it might be a risk too big to take.
Time and Man-power- Transformation is a time and effort consuming process that some NBFCs are unable to accommodate.
Stability- The NBFC market is currently in a state of influx, where most players are at a loss about what to do next.
The changes mentioned above have simplified processes, boosted the flow of credit and enhanced the overall loan experience for the MSME sector. It has also allowed financial institutions to launch MSME schemes that are customized to meet their needs. As one such NBFC, Capri Global is dedicated to empowering them with the finances to sustain and grow their businesses.

The contribution of the MSME sector to the GDP of India and the lending they receive from NBFCs, are both undeniable. Technology has become the stepping stone into the future and NBFCs that want to not just survive but win down the line have no choice other than walking the tech tight rope.

Electronic manufacturing services in the competitive world

Whether you are a SME owner, taking the services of contract manufacturing services could be a great move which would drive your business to success. Further, this is a kind of expert service developed to offer resources, labor, & specialization to their customers as assistance for introducing their items or the business generally. In case, you possess a fabrication unit in your firm, it’s advised that you take the services of an expert service to accomplish the work for you & lessen losses by getting it carried out rightly & with least errors.

It goes without mentioning that businesses should take the services of only reputed electronic manufacturing services. And yet, it requires to be repeated since a lot are still ignoring the significant factor. One manner to find out a firm’s status is by viewing at their compliance to the ISO 9001-2000 standards. It’s moreover significant that the service provider is eager to conform to the particular needs set by their customer, for instance regulatory & ecological standards.

A reputed EMS service provider should also have a big array of skills which create them proficient of managing numerous kinds of fabrication jobs. For example, they must be capable to manage the prototype design unless the actual fabrication procedure. There are a lot of electronic assembly accessible to pick from in the industry, for instance SMT assembly, through hole assembly, and more. Every kind calls for a different which should be addressed in case you wish to do well with this job.

You could carry out a research on the web and off the web for the finest EMS services for the project. Nevertheless, it is significant to explicitly lay down whatsoever it is that you need from them prior you start your search. This would make your search very much simpler and precise since time is dollars in the business globe.

There are an enhancing number of firms which are taking advantage of an EMS service & the reasons are quite clear. As stated above, there are a lot of advantages waiting for you when you pick to function with a skilled fabricator. This is not only a fashion nevertheless a cost efficient solution. This is although greatly advised for small businesses since they could access resources & specialization which are not naturally accessible within their company. In a manner, you could save dollars & time whilst facilitating you to enhance as a business.

Sensual Tips: Proper Grooming For Men

Too often, men on the lookout for useful sensual tips focus solely on “below the belt” issues and forget that sensual attraction is a total body thing. With that in mind, it’s clear that body grooming can be an important asset when one is seeking a new partner or searching for ways to maintain the heat with an existing one. Body grooming certainly encompasses male organ care, but that’s only part of the grooming routine.

Hair definition
Good grooming involves many different facets, but this article will focus on hair grooming. Why? Because hair grooming plays such a key role in defining a man’s “look.” Many sensual tips relate exclusively to the hair on top of one’s head, but all parts of the body that sport hair can be attended to.

That doesn’t mean that one needs to shave the hair on all parts of the body or even necessarily to alter the hair. It does mean that a man needs to take a total body hair assessment and determine what works as is and what doesn’t – and what needs to be done to correct what is not working.

Hairstyle. This is the biggie, of course, and the one to which most men already pay the most attention. Finding the haircut that works best for a man’s particular face is crucial. A guy should decide what he wants his haircut to say, what message it should convey. He then needs to find a stylist that can create that perfect look that no woman can resist. And, even more importantly, he needs to learn what he can do to maintain that look between cuts. The proper frequency of shampooing and conditioning, level of blow-drying, tricks for combing or brushing, etc. are essential. It can be time-consuming, but the gleam in a partner’s eye makes it worth the effort.

Eyebrows. Here’s where many men fall down. A certain degree of thickness in the eyebrows is appealing, but those that begin to resemble an overgrown jungle may go too far. It is also the rare man who can pull off the “uni-brow” look. Careful trimming and occasional tweezing can go a long way to improving these arches that create the all-important frame to a man’s eyes.

Facial hair. Some guys are born for the sensual stubble look; on others, it looks sloppy. The same goes for beards and mustaches. It pays for a man to get some solid, honest answers from his best friends (especially those of the female persuasion) to know what level of facial hair looks best on him. And very few look good with unruly, bushy growths, so those who opt for facial hair need to be attentive to trimming.

The torso. A hairy chest can be very manly – or it can resemble a shag rug that has attached itself to one’s body. Thick back hair is almost always a turn-off to a partner. Keeping torso hair to its best level is a very good idea, especially during the hot months when a man is apt to be shirtless. Remember: There’s nothing wrong with waxing, especially one’s back, if it’s called for.

Male organ hair. More and more men are paying attention to the hair around their sensual equipment. If a guy is in a relationship, it pays to ask how his partner feels about the hair down there. Many find a thick bush is sensual; others prefer a nicely trimmed thatch, while others think the totally bald look is a turn-on.

Many useful sensual tips recommend some shaving of the manhood hair when grooming. Shaved or not, it’s essential to keep the equipment in good health through the use of a quality male organ health crème (health professionals recommend Man1 Man Oil). Those crèmes with natural moisturizers like Shea butter and vitamin E are especially good for soothing a newly-shaved member, as well as making any member look spiffier and healthier. It’s also essential that the crème contain L-arginine, an enzyme that plays a role in nitric oxide production and therefore in aiding male organ blood flow. A well-groomed body is an excellent way to showcase a healthy-looking rod.

Visit http://www.menshealthfirst.com for additional information on most common manhood health issues, tips on improving member sensitivity and what to do to maintain a healthy male organ. John Dugan is a professional writer who specializes in men’s health issues and is an ongoing contributing writer to numerous websites.