Credit Risk Assessment and Analysis of Select Listed SMEs in India: A Comprehensive Study

Abstract

Small and Medium Enterprises (SMEs) in India are found in various sectors and are crucial for economic growth, contributing around 40% to the GDP and employing 110 million people. However, they face obstacles in obtaining credit due to information gaps and complex processes. To address this, a study analyzes creditworthiness parameters in the capital goods and consumer durables sectors, using the MCDM model. This model assists financial institutions in making informed decisions. Digital technologies are also reshaping the financial industry, impacting payments, loans, insurance, and wealth management.