PSL Association of India | Lending Fintech

+

Million MSMEs

PSL Association of India

Welcome to PSL Association
of India

The Priority Sector Lenders Association of India (PSL Association) is a body dedicated to advancing the priority sectors of the Indian financial system. Our association unites financial institutions, industry stakeholders, regulatory authorities, and Tech Companies to tackle the unique challenges and capitalize on the vast opportunities within priority sector lending (PSL).

In the Micro, Small & Medium Enterprises (MSMEs) sector there is a credit gap of $330bn with 89% of MSMEs left without access to formal credit. The PSL Association is committed to ensuring equitable access to financial services, fostering socio-economic development, and driving financial inclusion across key sectors such as agriculture, MSMEs, housing, education, and healthcare. We see this untapped market as a significant business opportunity to grow the market, expand industry size, and drive innovation.

Our focus includes promoting liberalized risk weightage on PSL portfolios, mitigating perceived risks through Digital Public Infrastructure (DPI), and establishing fair practices within the industry. We advocate for policy reforms which will further strengthen the borrower ecosystem, particularly for MSMEs.

Members of the PSL Association, through our continued support and practical guidance, can leverage OCEN for developing innovative lending products tailored to the needs of underserved sectors. We also facilitate member interaction through regular mixers, open door events and other collaboration initiatives, where members can connect with potential partners for co-lending, technology solutions, and other collaborative efforts. We aim to increase the market size through strategic events & initiatives, aimed at creating a more inclusive and sustainable financial ecosystem.

Mission

Our Mission

Our mission is to strengthen the financial ecosystem by expanding market opportunities and driving innovation within the priority sector, ensuring equitable access to credit and fostering socioeconomic development across underserved sectors

Vision

Our Vision

Our vision is to be a leading authority in advancing financial inclusion and innovation, empowering financial institutions to meet the needs of India's priority sectors through collaborative efforts and the adoption of transformative technologies like the Open Credit Enablement Network (OCEN).

PSL Association of India

Our Objectives

Driving 5X Growth in Priority Sector Lending

Our goal is to catalyze the expansion of the priority sector lending (PSL) industry by creating opportunities that go beyond mere compliance.

Public Awareness Campaigns

Educate stakeholders about priority sector lending through multimedia campaigns, workshops, webinars, and seminars, emphasizing the importance of financial inclusion

Enhance Regulatory Compliance

Provide guidance and support to ensure compliance with regulatory requirements, promoting best practices among member institutions.

Adopt and Promote Digital Public Infrastructure

Leverage digital public infrastructure, particularly OCEN, to create a more transparent, efficient, and secure lending environment for MSMEs and other priority sectors.

Strategic Partnerships

Advocate for policy reforms and incentives that support priority sector lending, aligning closely with the government’s vision for financial inclusivity.

Increase Industry Size

Implement initiatives and policies that expand the market and increase the overall size of the priority sector lending industry.

MSME Borrower Ecosystem

Focus on enhancing the borrower ecosystem, particularly for MSMEs, by improving access to credit, fostering fair practices, and ensuring a supportive financial environment.

Foster Innovation in Lending Products

Encourage the development and adoption of innovative lending products and services that cater to the unique needs of priority sector borrowers, particularly through the use of emerging technologies.

//PSL Association of India

Why Join Us?

Influence and Leadership

Shape Regulatory Policies: As a member, you’ll have a voice in shaping regulatory policies related to priority sector lending, ensuring they align with industry needs and promote sustainable growth.

Policy Advocacy and Representation: Participate in advocacy efforts to influence policy reforms, incentives, and initiatives that support priority sector lending. Engage with regulatory authorities and policymakers to ensure that your interests are represented.

Strategic Advantages

Access to OCEN: Leverage the Open Credit Enablement Network (OCEN) to develop innovative, tailored lending products that enhance access to credit for underserved sectors, driving financial inclusion.

Strategic Partnerships: Forge alliances with other members, industry associations, research institutions, and development agencies to drive collaborative initiatives and innovation in priority sector lending.

Market Expansion and Product Innovation

Expand Your Market Reach: Explore opportunities to tap into underserved segments and geographic regions, increasing your market presence within the priority sector.

Collaborate on Product Innovation: Work with fellow members to create cutting – edge lending products and services tailored to the unique needs of priority sector borrowers, driving market differentiation.

Access to Exclusive Industry Insights

Industry Reports and Research: Gain access to exclusive industry reports, research, and market analysis, providing valuable insights to inform your lending strategies and business decisions.

Regulatory Compliance Support: Receive guidance to navigate complex regulatory frameworks, ensuring compliance with priority sector lending requirements.

Thought Leadership and Branding

Position as a Thought Leader: Contribute to industry discussions, thought leadership pieces, and best practice sharing initiatives, establishing your organization as a leader in priority sector lending.

Enhance Brand Visibility: Increase your brand’s visibility by being featured on PSL Association platforms and communication channels, showcasing your commitment to responsible lending and financial inclusion.

Networking and Community Engagement

Networking Opportunities: Connect with industry leaders, policymakers, and fellow members through networking events, webinars, conferences, and workshops, fostering collaboration and knowledge sharing.

Matchmaking and Mixers: Participate in regular mixers every two months, where members can connect and find partners for co-lending, technology solutions, and other collaborative opportunities.

Professional Development and Exclusive Privileges

Access to Training and Resources: Enhance your team’s skills and capabilities through access to training programs, workshops, and resources in areas such as risk management, compliance, and responsible lending practices.

Exclusive Privileges: Enjoy exclusive benefits, including access to regulatory sandboxes, discounts on events and programs, early access to new initiatives, and personalized support from the PSL Association leadership team.

Enhanced Visibility and Recognition

Recognition and Credibility: Showcase your commitment to responsible lending by being associated with a reputable organization recognized by regulatory authorities and industry stakeholders.

Prestigious Membership: Being part of the PSL Association adds prestige to your organization, highlighting your role in advancing financial inclusion and supporting the growth of priority sectors.

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