financial performance

Rohit runs a small textile printing unit in Indore with twelve employees. For years he managed without any formal MSME recognition. During a tender for a public-sector contract, he discovered the buyer required a Udyam Registration Certificate. The contract slipped through. The lesson stayed: formal recognition is no longer optional; it is an entry ticket.

A decade ago, if someone said cash payments would have a serious rival, no one would’ve believed it. But today, that’s a reality.

For daily necessities like shopping, bill payments, subscriptions, and EMI repayments, people in India rely on a variety of payment methods. With the widespread acceptance of cards, wallets, and UPI apps, digital payments have become commonplace.

A few years back, leaving home meant checking for your wallet first. Cash, bank cards, faded receipts, maybe a few coins rattling around. Now, many of those payments happen through a phone without much thought. Tap at the kirana store, scan to pay the cab driver, and settle a bill while standing in line. Digital wallets have slipped into everyday life across India.

Ravi walked into his first job at 24, drew a stable salary, and applied for a small personal loan. The application was declined. He had never borrowed before, never missed a bill - his credit file was simply empty, and lenders had nothing to evaluate.