Disrupting Credit in MSME Lending

Abstract

A summer internship is an extremely vital part of the MBA journey that any management trainee undertakes. It provides the management trainees a window into what the corporate world is like, how companies and departments function and how to succeed in the corporate world. However, owing to the rather unfateful circumstances brought about by the outbreak of the global pandemic due to spread of COVID-19, all of the summer internships were conducted remotely or in hybrid mode. The project was supposed to be completed with Aavas Financiers Ltd in the capacity of a Finance intern working out of their office situated in Jaipur, Rajasthan. Understanding the circumstances that the world is faced with, the company agreed to conduct the internship remotely. Aavas Financiers Limited is a home financing firm that began operations in March 2012 after being formed on February 23, 2011 under the name "AU Housing Finance Private Limited." Aavas Financiers collected 520 crores from anchor investors in their first public offering in 2018. Building up from the qualitative aspect of the research, the project moved to Core experiential learning with conceptualization of Indian MSME Sector and a full-fledged PR and communications strategy, with specific focus on the tools that the company can incorporate to tap the untapped MSME sector. With implementation of the planning, the project moved forward to execution of the integrated finance tools. The report has been created to inculcate three major components – the industry and the company in its context, the projects undertaken and the contribution made to the organization, and lastly the objective of the Summer Internship Programme, learnings that could be taken from the brief yet enriching experience at Aavas Financiers Ltd. The company is stringent and demands discipline in dealing with the data as well as work profile of the company. In lieu of this, no company data, in terms of core analysis or the leads, is shared. Having said that, all the information and details that could be made public have been included.