Events

FICCI MSME Consumer Education Program

FICCI MSME Consumer Education Program
FICCI MSME Consumer Education Program

FICCI & TransUnion CIBIL is jointly organizing "TU CIBIL - FICCI MSME CONSUMER EDUCATION PROGRAM". TransUnion CIBIL analyzed the impact of ECLGS scheme on the flow of credit and changes in borrower behavior. The findings of the study suggest that the scheme has been successful in helping MSMEs navigate through the covid-induced crisis.

The analysis highlights that ECLGS scheme has benefited the very small and micro enterprises the most. Similarly, sectors like retail trade, wholesale trader, transport, professional services, tourism, hotels & restaurants that were more severely impacted by COVID-19 have received the majority of the funds.

TransUnion CIBIL credit history and CIBIL MSME Rank has played a key role in effective ECLGS loan disbursals. The analysis also highlights that stressed MSME borrowers (borrowers with CIBIL Rank 7 to 10) had a better avail rate compared to non-stressed borrowers and MSMEs acknowledged that their TransUnion CIBIL credit history has played a critical role in facilitating ECLGS disbursals.

FICCI MSME consumer education program is aimed at supporting MSMEs in gaining awareness of credit management, CIBIL Rank, and commercial credit information. The program will empower MSMEs with knowledge on how to build a good credit history and CIBIL Rank to avail easier and faster access to finance to educate customers on the importance of maintaining a good credit history for availing easier, faster and cheaper access to credit.

For Other Details, Please Contact:

Event Name: FICCI MSME Consumer Education Program
Website: https://ficci.in/
Date: 27 June 2022

FICCI

Address: Federation House, Tansen Marg, New Delhi
Mobile: 9836683435
Email: rahul.narain@ficci.com

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