Tech footprints step-up MSME lending

Can tech and AI can do wonders even when data is scarce? Radian Finserv founder Sumit Sharma is doing it....find out how:

- 

Ravi Lalwani: What has been the business growth in MSME lending at Radian Finserv over the last 3 years?

Sumit Sharma: Radian Finserv has achieved a robust CAGR of over 65% in its MSME lending portfolio over the last 3 years, reflecting business model strength and untapped potential among India's MSMEs. Our progress spans secured loans (such as property- or gold-backed financing) and unsecured business loans.

Our momentum comes from our strategic focus on tier 2-4 cities, where traditional banking channels often fall short in serving local entrepreneurs. By expanding our reach in semi-urban and rural areas, we have connected with underserved borrowers, including small traders, manufacturers, shopkeepers, and women-led enterprises. Our commitment to financial inclusion and first-time borrowers is pivotal role in this growth. We actively reach out to micro-entrepreneurs who often lack formal income proofs or credit histories, and offer them responsible credit.

Name the top 3 regions, top 3 products, & top 3 industry sectors for Radian.

Region-wise, Indore (Madhya Pradesh) stands out as a thriving hub for textile and service-oriented MSMEs. Dharmapuri (Tamil Nadu) has seen steady demand in agri-allied sectors and trade-based businesses, while Salem (Tamil Nadu) continues to grow on the back of its strong manufacturing base and dense concentration of power loom clusters.