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VIDEO INTRODUCTION: At the Global Fintech Festival 2020, Mr Nandan Nilekani launched a revolutionary concept that could change the financial landscape of MSMEs in India and now in 2023, it is coming alive in execution!!
and the best part is that this concept is built upon the foundation of revolutionary products, like Aadhar, UPI, the GST system, and most importantly, the robust banking system of India!!
This platform that we are talking about is called the Open Credit enables network or OCEN!! and this will solve the most critical problem for the MSMEs of India which is the CREDIT GAP problem!!
and if you think its no big deal at all, take a look at this graph, in the past 10 years, the MSME sector of India has contributed to 30% of our GDP, in the past 3 years more than 40% of our exports came from MSMEs and most importantly, this segment of India alone employs over 100 Million people in the country!!! and yet when covid happened, most of the companies could not get loan because of which they could pay their rent, they could not pay their employees and eventually, they had to take loans from Money lenders at 18–30% interest!!!
because of this even today, many MSMEs in India are still struggling to recover their profits!!! and this points towards a very very critical problem in the economy of India!
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Geopolitics:
India is Trapping China - https://youtu.be/I7vz7Ym82_4
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Israel’s Secret Strategies - https://youtu.be/ec9Nwka9kBg
China vs India Military Strategy in Ladakh - https://youtu.be/tTlwfnZAdQk
Upcoming US Recession Affects Indian Economy - https://youtu.be/HofmLFn6MTo
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✅Study Materials: https://indiastack.org/open-networks.html
https://tigerfeathers.substack.com/p/ocen-a-conversation
https://www.youtube.com/watch?v=aM46v6C5bMc&t=187s
https://www.lendingkart.com/blog/major-challenges-faced-by-the-msme-sector-their-impacts/
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#OCEN #upi #upistack
#thinkschool #businesscasestudy #geopolitics Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.