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Key Address by Shri Ravi Tyagi, CGM, SIDBI

Digital SMB Summit | Virtual Conference | 9th August 2023

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In this video:
Key Address by Shri Ravi Tyagi, CGM, SIDBI

Topic: Transforming the way MSMEs approach credit with a digital-first approach

Key Highlights:
+ The startup ecosystem is also a subset of the SME sector in the country

+ For a country like India which is an entrepreneur driven economy, the SMBs are a very important segment of the economy

+ The digital transformation in India was started with the onset of Aadhaar , the UIDAI institution getting accredited under the provisions of the Aadhaar Act, 2016

+ The emergence of Unified Payments Interface (UPI) radically transformed the way payments were made in India

+ The lending ecosystem in the country is going through massive digital transformation and is robustly equipped with precise monitoring aspects as well

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