Total viable & addressable debt demand in the MSME sector is Rs.39 trillion

Un-served & underserved customer segment with large potential for MSME Loan

Immense requirements in semi-urban and rural areas

Service industries among MSME segment largely remain un-tapped as funding remains focused on manufacturing sector

Most of the micro-enterprises in the MSME sector transact largely in cash and hence do not have accurately recorded financials.

Lack of financial documentation in this segment might be a challenging task for the credit assessment process. However, Veritas Finance has put in a robust Credit Screening     Process, with a keen focus to understand and address the perceived risk of these untested micro-enterprises of the MSME segment in the absence of such document.

Cicago Finance loans, where it is found necessary would be required to be secured by the collateral of a property. Given the way the land records are maintained and the nature of documentation, it is most likely to face challenging issues like properties owned by minors, properties passed on through unregistered partition deeds, inherited land without proper supporting documents, built on encroached land, etc.