In a country’s financial infrastructure, ‘Credit Reporting’ is a vital part and is also an activity of public interest. Studies in developed countries suggest that in an economy, the presence of a robust credit information system helps the spread of outflow of finances.
MSMEs in India are yet to be fully represented in credit bureaus. They are yet to leverage the benefits offered by credit bureaus and credit rating agencies to build, maintain and enhance their financial track records and credit standing.
To enhance the awareness about Credit Reporting, the SME Finance Facilitation Centre of CII is organizing an online session on ‘Credit Information Awareness Training’, in collaboration with the World Bank Group. In this session, a team from the World Bank Group would disseminate this knowledge by:
- introducing new knowledge on this subject
- helping to understand the nuances
- assisting MSMEs to create a financial attitude for themselves