CAIT and CreditEnable partner to secure $320 billion in affordable credit for 70 million SMEs


Astia Angels

16 May 2019

Seeking to secure affordable finance for 70 million Indian Small and Medium Enterprises (SMEs), the Confederation of All India Traders (CAIT) and CreditEnable, a UK SME fintech solutions provider, have launched a ‘Changemakers’ programme.

Nadia Sood, Founder and CEO of CreditEnable, said, “India is bubbling over with opportunity, promise and above all, entrepreneurial talent. But, while there is ample supply and demand for finance, there is far too little connectivity between the two.”

The focus of the Changemakers programme will be to make available funds accessible to SMEs, and help plug in more than $ 320 billion in affordable credit. As the first step towards this, the Changemakers programme will appoint 1,000 influential leaders from the CAIT organisation and embedding dedicated staff within 24,450 CAIT trade associations across 14 Indian states.

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