Paramesan Gowda, 48, has been running a makeshift sandwich stall outside the BSE for many years. Given his humble business, he is not the typical customer to whom traditional bankers feel inclined to lend. With its overemphasis on paper work and address proofs, India’s banking and financial services system is not primed to give him credit. Hence, despite being in the heart of India’s financial nerve centre, Dalal Street, Gowda for long lingered beyond the fringes of the financial system, deprived of any formal channels of credit to grow his sales.
More at: http://www.forbesindia.com/article/hidden-gems-2016/ifmr-capital-the-money-conductors/44241/1
More at: http://www.forbesindia.com/article/hidden-gems-2016/ifmr-capital-the-money-conductors/44241/1
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