OCEN was very much needed for our Indian economy. As a practicing CA I see lot of MSME enterprises struggling with cashflow problem. Even though they have potential to grow, their ambition and growth is hampered due to lack of credit facilities available from banks. This is a great move the Government of India.
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes. China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
@@pcom9209 "OCEN was developed by Sri Piyush goyal ji through his mastermind" - No it wasn't developed by Piyush Goyal. Where do you get such fake information?
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes. ? China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .?
@@ThinkSchool OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes. China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
You have no idea how much you are influencing the current and future generations. Please don't let this magic die. It might be just a video for you but it means a lot for people who need such information to run their livelihoods ❤
After meeting with Government Minister, This TH-camr has Started to Spread Govt Propaganda while People are Suffering with huge inflation & huge unemployment
After upi, we became fastest in money transactions. After OCEN, we can become fastest in loan transactions. This can boost our economy many folds.. Keep uploading such videos.. Love u 3000..
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes. China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
Too good, Government is doing many great things for growth of business. As someone who wishes to start his something own(few years later😅) it is beautiful to see I can get loan within minutes, without bribing anyone.
@@nischaymiglani2617 China is authorititive so cannot compare it for policy making. But, I currently live and work in Germany. So, I have seen the businesses and government support for them. That's why I said Germany is a great example
@@mihirpingle5067 It may serve as a great example, but it shouldn't be replicated to the T. The reason I state has to do with nonsensical bureaucracy, and an old system of process and research. Germany is an ageing system, they cannot build the world of the future. This is where China and India will leap ahead. We need a better system.
@@sreyanshuchaterjee3962 Yeah we dont have to replicate anything. We can just take inspiration from them regarding policies. China can work its way throgh brute force which is not possible to implement in a democracy.
@@mihirpingle5067 the ceramic capital of the county is a small town that goes by the name morbi. Msme grew well there due to community banking. That had been the ancient mode of business. Perhaps we evaluate things more deeply than just copy paste. Glad to hear your thoughts.
As a Bank employee myself... Handling a portfolio of 75Crs. I have realised this... Ocen is very revolutionary step. But my bank is too conservative in terms of risk!
They should be. In India, cheating occurs at all levels since there's no enforcement. Police are unreliable and corrupt. Courts are too. In this climate, how can you lend?
Congress never worried about MSME. The former FM of India, P Chidambaram, actually said he doesn't see how a 50,000 Rs loan can help anyone. And how UPI will help people. He was only interested in enrichment of Congress party. Kudos to Modi govt for thinking and executing such revolutionary ideas for Indians and for villagers, farmers and small business owners.
Modiji is a visionary who will succeed in transforming India in true sense. Thanks for your trust in beloved & dynamic PM. A Sevak as he Calls himself.
Hahahaha! Bloody andhbhakt. No stability in Modi era! Cash flow is not the problem or neither the loan, the main problems remains in the demand, market and sales. What happened to BYJu? Will you apply for the jobs like that? Highly unpredictable sector it is. Our generation in danger, where there is low pay and working like donkey
@@digitaldude7499 the first thing you do is abuse others who don't agree with you without giving any facts. Then you say how unstable the economy is again without any facts. As already described in other videos, Byju and other loss making unicorns are facing issue due to their mistakes of overestimating their customer pool(search about Tier 1, 2 and 3 India). If a business fails due to bad govt policies then the govt is responsible but here the unicorns are at fault(mostly). Stop spreading hate and abusing others. Talk with facts.
@@digitaldude7499which world are you living ??? Cash flow & loan disbursement is an issue, everything works on credit, please get your basics right to abuse others! Current companies which are failing is due to flawed business model. Bjyu n the likes are failing because they over estimated their customers & invested in creating businesses which aren’t helping them grow! If you can’t understand ground realities atleast try to understand these unicorn businesses to write correct factual statements.
Now I understand why our teachers can't explain well . Even I can't understand expert level English.. Ganesh Prasad Anna made very easy to understand for us.
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes. China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc . ?
One more thing. We entrepreneurs also have to improve our reputation. As per bank , the default in msme loan is 80%. And the default is intentional by person. He takes loan, shut the shop. Start new co and again take loan and the process goes on. Ethics has to be improved
I am thinking same thing but like if they record false information then the bank will get false info and later on it will be a hassle for the bank coz there is always some people who uses the system in wrong way 😑
Exactly..... Easy to blame the Banks but finally we Indians are famous for misuse of all facilities including credit..... Especially credit....... See in mallyas case etc at least the bank has assets to attach..... In SME cases what will u attach........see Indians are really beimaan people when it comes to money...... Yes we have a lot of honest guys who suffer unnecessarily.... But they are interspersed by countless people with questionable charector.... The ratio of frauds is just too high..... Even assets kept as collateral is not worth because he overvalues the asset and then asks the bank to go fuck itself...... See the problem??? Even if they lend against a project the person invents fake vendors and starts siphoning his share out before the project even completes construction stage...... In such a scenario banks are forced to lend to RIL and TATA because at least guarantee rehti hai ki kal bhagenge nahi..... Hence lendors are standing in line to lend to those groups..... Don't blame them.... Put yourself in their shoes
I thank you in advance for making video on OCEN topic sir. I want to suggest another topic to make a video which the frontline Economic media houses ignored. The topic is: *Growing aviation market and Industry of India. It's impact on Indian Economy, Tourism and finally Soft Power of India.* Most of the big airlines have either ordered or in advanced stages of ordering planes in massive number like Air India placing order for 470 Aircrafts with an option of another 370, IndiGo has placed order for 500 Aircrafts in batches during recent times like the one for 300 aircrafts placed with Airbus in 2019, Jet Airways new management is planning to acquire 200 Aircrafts, new player Akasa Air is planning to place order consisting over 100 Aircrafts this year. More recently IndiGo placed order for another 500 Aircrafts which takes the total number of ordered aircraft by IndiGo from Airbus crosses 1000. So total number of aircrafts orders from Indian aviation companies is likely to cross over 3000 in near future. So if incentives offered such huge order numbers may even attract commercial aircraft OEMs like Boeing, Airbus to set up assembly and manufacturing line here in India. It can also serve orders from Middle East, ASEAN and Africa as well. Already Boeing sources aircraft components worth 1 Billion USD annually from India. There was news of collaboration between Boeing and GMR to setup a plane conversion workshop in Hyderabad. And India is also well placed geographically at the center of Asia, Africa, ASEAN and Oceania to setup maintenance hub for all commerical aircraft. So is the potential of India being a Air Transshipment hub of entire world. Because India itself is growing economically and is surrounded by growing regions like ASEAN, Africa, Central Asia etc. *Also cover current state of aircraft manufacturing Ecosystem in India covering:* *-* Tata manufacturing military cargo planes for IAF like Airbus C-295 in India. *-* HAL made military jets like LCA Tejas, Trainers like HTT-40 and assembly of Su-30. *-* NAL Saras and under development RTA(Regional Transport Aircraft) manufacturing by HAL. *-* Reliance Aerospace manufacturing front fuselage of Dassault Falcon VIP jet. *-* Tata Advanced Systems manufacturing Apache Helicopters fuselage and F-16 wings etc *In the video cover all macroeconomic and business aspects like:* *1)* Air Passengers number growth. *2)* Increase in number of Airports. *3)* Growth strategies of aviation companies *4)* Business strategies of the aviation companies to benefit from this massive growth potential. *5)* How to promote domestic manufacturing of these new Aircrafts both by Foreign OEM Companies like Airbus, Boeing, Embraer etc by partnering with Indian Aviation companies like Tata ASL, Mahindra Aerospace etc. *6)* Maintenance and conversion hub ecosystem. *7)* Present state of aircraft manufacturing in India whose examples I mentioned above. *8)* Addressing potential of Aircraft exports from Indian manufacturing facilities to Aviation Companies in countries across the region like Central Asia, Middle East, ASEAN, Africa and Oceania by analysing data of air passenger growth in those countries. *9)* Macroeconomic and socio-economic benefits of having an aircraft manufacturing, conversion and maintenance hub. *10)* Air transportation potential in building multimodal transportation ecosystem. Recently Amazon brought it's dedicated Air Cargo service to Hyderabad by seeing the fast growing e-commerce segment of India. *11)* Finally the stocks to watch out for in this growing aviation sector of India. *If this makes video/article lengthy then make it in three parts:* *1)* First part covering growth potential and business strategies of the aviation companies along with stocks to watch out for. *2)* Second part regarding how government should plan to leverage such big order number by giving out incentives to attract domestic manufacturing and R&D centers of these aircraft companies and also promote maintanence and conversion hubs in India. Also mention stocks to watch out for which manufacture spares and components like fuselage, onboard computers etc. *3)* Third part covering massive employment potential of creating Commercial Aircraft Manufacturing, Conversion and Maintenance hubs. Along with this also cover Air Cargo and multi modal transport potential in growing e-commerce market and number of airports in tier-2 and tier-3 cities of India. Lastly mention how it will boost tourism in India. Please plan this video if possible. It has potential become one of the most viewed video of Think School. Who knows this may even reach till policymakers and ministers as well inorder to make India an aircraft manufacturing hub.
Hi from Canada. This was a great video. I've been trying to establish a business in India for the last 4 years with my partner in India. Covid killed our project, had to start all over on 2021. The legality of business is so hard to understand there. Ive been doing business in Canada for over 22 years. Both countries have completely different concepts. But these digital efforts will take India to the next level. Currently Business loans are very hard to get, unless its a scured loan against your hard assets. I always find your videos to be very informative. Good luck to you, and to my fellow Indian people. I believe India will surpass all G7 economies very soon, but it will take time for the averge person to be wealthy. Good luck to all.
MSMEs are the backbone of any economy. The issue is that most MSMEs refuse to make deposits in bank to show revolving income. It is on the MSME as the Loan Officers job is to evaluate the risk of payback. You no longer give documents but access to your business bank account for verification. MSMEs just trying to keep cash to avoid tax works against them as they try to grow.
I went to bank for education loan for my daughter's. I need 2 cr loan and the loan was sanctioned in 30 min. Saw people coming to branch for 30days and didn't get 2 lacs loan. So Desh mast hai. We should see problem at banks employees end also. If any default, then bank employee is held responsible. I asked bank manager how he sanctioned loan for me for 2 cr, the he told your loan is equivalent to 100 application which they recieve daily. So we shouldn't blame banks only. Understand their issues also. If education loan is NPA then bank employee after retirement don't get his dues
Much needed for our MSMEs, hope some day a law is passed to utilize AI and ML for processing civil cases which are pending not in thousands or lakhs but in crores in our courts😅
Great idea, It is possible. AI and ML can understand and give the summary in short which will save lot of time of judge. Instead of going through all the documents or proofs judge can interfer only where it is required.
Wow, This is really a masterstroke for our Indian economy. Brilliant thought by the policy makers of this facility. Salute to them. I'm going to predict that in 10 years India is going to be the factory of the world and we are going to be the next economic superpower. Kudos
Very well explained. The cogs of the OCEN systems were meticulously identified and built. Bank account, aadhar, gst were the initial cogs. Now the puzzle is shaping up.
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes. China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes. China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
I don’t know where we would have been without the current vision and leadership of Indian government. Esp in Covid. When I see such promising changes that are acting at the grassroot issues I believe India’s golden era is not far.
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes. China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
Modiji is a visionary who will succeed in transforming India in true sense. Thanks for your trust in beloved & dynamic PM. A sevak as he calls himself.
This video made my day. I am so happy. The India Govt has bought in several schemes that if successful will not only help India but will also serve as a blue print for other developing countries to improve their economies.
I am so happy to see this develop. I started to setup my business in 2000 of textile design and for very smae reason I had to stop. Buy raw material in cash and turn over in credit, eventually ran out of cash flow. India is growing and Kudos to Think School to bring out these stories.
Just like how UPI has transformed payment mechanism in our country , OCEN will also do the same thing to MSME sector when it comes to working capital requirement . A great step by Government of INDIA . This channel has become a place of knowledge hub for me . A big thank you 🙏
The problem is still there. MSME needs to be a 100% authentic and genuine person and company. If this process gets SCAMMED and again more process filters will come which make the genuine MSME get the loan approved again.
That's why Aadhaar, Mobile & PAN are interlinked. Although it still doesn't mitigate the risk involved as no one can give a 100% guarantee whether a scam will happen or not. But in the era of digitalization, some necessary risks have to be taken for greater benefits.
He can do that, but his credit worthiness will then take a hit. Since he is identified with Aadhar and PAN, he will find it extremely difficult to scam the system a second time.
Just awesome !! Now that we have improved NPAs of big banks, a major chunk of that recovery/ money must go to the MSMEs. These banks have now more risk taking capabilities..
OCEN - Open credit Enables network The Revolution of Technology for MSME sector The lack of credit problem of MSME sector solve using OCEN The backbone of Indian Economy MSME with OCEN The credit loan amount easily through UPI The Digital Revolution of India like UPI , OCEN Through addressing problem of different sectors The credit of problem of MSME sector solved using OCEN Backbone of India Think school 🏫 OCEN case studies with research and analysis problem of MSME sector with bank loans wonderful case study of OCEN
Who are these people saying MSMEs are not important for country's economy? China is probably a country based on MSMEs, Bangladesh, Turkey, Indonesia, India, and countless countries.
MSMEs are very important but the person who knows how to get the loans or 80 % of the scammers that is a big problem is we need to find a system for scammers that should be filtered. When you see aliba initaltion most the seller where genuine after it is very difficult to judge right sellers
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes. China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
not only scamgress. look at whole oppotition.. their only election agenda is to win and be in power... to keep scamming the people of bharat... on the other hand modi on his "state diner" asking Elon musk to "Invest kar mere bharat me. nai toh tesla bechne nai dunga" xD
Everyone distributing freebies bhai, chec the bjp promise before Karnataka or even upcoming rajasthan election, question every party then it will be helpful... otherwise ever parties keep doing same thing
@@ankitmishra5242even after showing progress, if people fall for freebies means.. Every party will come to freebie schemes to retain power.. Everything is in peoples hands, people should decide whether they want development or freebie
@@ankitmishra5242 bro i am not against freebies for the people who needs it, like during covid 80cr people got free rasion and the obvious free vaccine which obviously wasn't free for govt... I am against giving free bus ride to women, free electric etc... Why? If they are capable then why? How can a country grow like this!!!
When I am thinking about this my mind blasting I am admiring where will India be in the upcoming years but things such as education , law and bribery remained same from centuries.
Can fully resonate. Owning an MSME with 5cr + revenue with positive cashflow....still I have been roaming 3 banks for 5 months to get a mere 20 loan for expansion. Current system is pathetic. My friends get slice pay loans 10x faster for no reason. 😢
Ganesh, you are truly doing a fantastic job through your channel by informing this modus of obtaining loans and keeping our MSME s alive, for they alone form the backbone of any large industrial economy by employing millions of people based on the market dynamics of demand. This has been very well demonstrated through almost hundred years of German experience, where the medium sized industries even at village level, incuding small micro breweries in towns have proven to be the core of the industrial strength of an economy. They are also thus insulated from the vagaries of international turmoil as they tend to be self sustainable by feeding the closely knit villge / town level economies thus forming a macro economic model in its own sphere. Ganesh, Thank you so much again for your Think school videos, which I so regularly visit to educate myself and my circle of friends and keep abrest. 🙏🙏🙏🙏
*This is very big it is going to create History. This will Boost the Indian GDP drastically. I can see it coming.* Out of 100 MSMEs, at least 5 have the potential to break the records and be on the path to being a big company, and who knows Unicorns one day.
MSMEs also don't get payments on time and also many times, the buyers refuse to pay citing many personal problems. I had a LED bulb manufacturing business. I had to stop because I did not get payments from my clients at all. There has to be accountablity set where the buyer is responsble for payments otherwise there is some penalty.
This OCEN idea will be a game changer in indian economy . 1)So to get loan, msme will try to have credit worthiness, for that they do business in account (white) so msme's turnover will be increased before. 2)More accountable transactions will happen. Currency notes usage will get reduced. 3)so it results in elimination of fake currency notes. 4)Gdp will increase Etcetera.....
Good morning Ganesh Prasad sir! I have been watching your videos for 16 months.It's one of the best TH-cam channel for business case studies and geopolitics . I love your speaking skills and I'm thinking of pursuing your communication master class. Unfortunately the price is too high.Please make sure that even a middle class guy like me can afford your courses. Thank you sir!
Video is perfect but you missed one main hindrance. Bank needs collateral for that ammount. Msme like me 30 yrs back was not having any collateral, so has to take money from private lender at 24%-30%.Also majority of msme is first generation entrepreneurs and they don't have any collateral. I was lucky , so sailed thru. Today's banks are after me for loan and I have upper hand. I enjoy life without any liabilities
Lack of Automation and Ai is one of the reasons we don't see robust growth of these MSMEs, if Govt Or some other party could provide these MSMEs such supports it could not only will decrease production cost but will also improve products quality.
@@c.bulakh6231 That's the system to help give more loans, it has nothing to do with actual production although I feel one issue with blindly applying automation and AI is that it'll reduce employment opportunities.
@@NoMustang273u go to top floor with helicopter or u use lift or stairs...?? They struggling for money and that's their first problem if they get good opportunity then by self they will move ahead...
@@shivankursharma7999 ...ok? Did anything I say contradict that? I explained that OCEN only focuses on providing loans, it has nothing to do with how companies produce their products.
It's a very interesting video . But it requires some more clarity on how the credit worthiness of an MSME is determined . Went to the references that you had provided, and the article was a gem . It has cleared all my doubts. Clearly, the current government is supporting lot of initiatives that would make this decade "Indias decade "🇮🇳
My understanding is that the loan providers have all access to that data layer and they all make assessments and put up their loan quotes. Maybe internally in the bank, the process is automated upto a certain loan amount.
@prakadox That's true . But when majority of the MSMEs are dealing in cash . They don't have any transaction history. And hence no data for the banks to look into . That's where an LSP and Account Aggregator comes into picture . LSP like swiggy have access to multiple trends or patterns about a restraunt which never existed before . And based on this lender's can take a decision.
The way you produce such videos ...is a service to the society as they only understand this simplifying version...creators like you are the beacon of the education revolution sir.❤
Another good video. Well researched. I have been observing MSME sector for over a decade. True, things have changed a lot, but a lot is left to be done. It is not governments responsibility alone. If we work together and elevate this sector, i think we see India in the developed world category within two decades.
This is the video Man..! I wish all the cabinet ministers would watch this video together and give you a prize for making this video and work on these problems. Hats off. More Power to you.
Regarding your first point comparing loans to KF and small vendors the point is accountability. Thousands of crores of loans are given by committees of banks consisting Top executives of banks on whom nobody takes any action in the event of default. But small loans are given by your local branch officials who will be made accountable in event of default of even 50k loan and will be investigated for a year
Thanks to you think school I'm successfully get loan of 3 +3 lac(partnership) and start my own factory of bush manufacturing with 2 machines 👍 we have only 1 machine before june 2023
Brilliant Video as usual. However various such initiatives like Account Aggregator and OCEN network have been in process for a few years now; yet their full potential is yet to be realised. Request if you could explain the roadblocks hindering their widespread adoption by various players in the ecosystem. Additionally if you could compare such differences (Eg - access to credit, ease of doing business etc) across various economies such as China, Vietnam, Korea etc.
This govt is doing everything to facilitate ease of doing business! Thanks Ganesh for this VDO. Especially, loved the part where u explained why banks higher interests to MSMEs❤
Wow! What an episode ❤❤ My fellow Indians, Compare how you felt as an Indian voter before 2014 and how you feel as an Indian voter in 2024. Who has given you the most returns for your vote?
Not Modi Chacha, if BJP was elected to power in 2024, then they will definitely divide India vigorously based on religion and destroy India. Mark my word.
Very well researched video. Im textile industry owner I know the pain of this better than anyone. we buy cotton yarns from Mills in cash, we have atleast 10 process before it becomes a terry towel and we have to pay our employees and maintain our Industry and Sell the finished product in credit for atleast 90 days, not a single party or wholesaler pays before 90 days and It is inevitable for us to do business or even run it for even 1yr if you dont give them credit.
Ganesh sir! any ideas for podcasts or interviews or casual talks with *named* dignitories within THINK SCHOOL Channel! we would love to see how you ask question or interview them! BTW Loved these videos! YOU ARE THE ONLY CHANNEL I SUBSCRIBED WITH BELL ICON! Mad respect for you!👨🎓👨🎓
I Sincerely appreciate your work towards making every citizen of India feel proud by describing about the great revolutions that are taking place in the country and making us educated about the Indian Economy as well as Foreign market conditions and policies and their effects on India
Good work brother! Your videos are too good and immensely informational. Suggestion: But your videos arent meant for non-english speaking audience, while the content still being relevant. Like Mr. Beast, may be you can try dubbing the same video in other languages and releasing them. Love your work!
It might actually reduce it because this would open up the doors for way more diversification at a higher interested rate. As opposed to giving very big loans at a lower interest rate. But that's the core of banking and Indian banks are not known for portfolio diversification.
OCEN was very much needed for our Indian economy.
As a practicing CA I see lot of MSME enterprises struggling with cashflow problem. Even though they have potential to grow, their ambition and growth is hampered due to lack of credit facilities available from banks.
This is a great move the Government of India.
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes.
China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
I'm working in Msme sector and the loans we got till now were always with property as collateral.
@@sid8285 any functioning buisness with atleast 3 years of revenue / profit can get a line of credit based on that.
@@pcom9209 "OCEN was developed by Sri Piyush goyal ji through his mastermind" - No it wasn't developed by Piyush Goyal. Where do you get such fake information?
@@arunsar7893 ok, then modu ji must have developed it ? You are jealous anti national ?
I'm a student turned msme owner and i relate 100% to what you said in this video, thanks for bringing out this topic
Bro plz stay positive in economics ❤let grow urself 🎉❤😅
@@samindherreddy thanks for your good wishes brother
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes. ?
China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .?
Glad it was helpful!
@@ThinkSchool OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes.
China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
You have no idea how much you are influencing the current and future generations. Please don't let this magic die. It might be just a video for you but it means a lot for people who need such information to run their livelihoods ❤
Abe chutiye ismein government se Paisa Liya hai tujhe yah sab dikhane ka...😅
After meeting with Government Minister, This TH-camr has Started to Spread Govt Propaganda while People are Suffering with huge inflation & huge unemployment
@@Mr.Stranger2025 You Must be Jihadi ISI Porki agent hired by PFI
@@Mr.Stranger2025very true.
@@Mr.Stranger2025see the condition of inflation in our neighbouring countries
After upi, we became fastest in money transactions. After OCEN, we can become fastest in loan transactions. This can boost our economy many folds..
Keep uploading such videos..
Love u 3000..
Yeah now no longer we have politicians giving 2000₹ to everyone in Hand now it goes directly to people
Yeah now we'll become fastest in corruption through digital transaction
I feel so proud to see where India is heading............truly it's India's Century no stopping now!
The best video of 2023 ... so happy and smiling while listening to you. Modi Ji is doing wonders for India, this is a real output of Digital India 🇮🇳
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes.
China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
@@pcom9209stop copy pasting bruh.. you a bot?
@@aaaaaattttttt5596 What r uh doing bruh....Political promotions?
@@aaaaaattttttt5596 What r uh doing bruh....Political promotions?
Is this a Modi BOT
Too good, Government is doing many great things for growth of business. As someone who wishes to start his something own(few years later😅) it is beautiful to see I can get loan within minutes, without bribing anyone.
our PM has an entrepreneur mindset.. off course bharat's businessmans will have better opportunities
You can't because 😂You Don't want to see India's development.Just Practice commenting here😂 uneducated walo😂😂😂
Same but ..hope people start recognizes this
but you need to have a credit score to get good amount of loan , for now i can only get 100 to 200 Rs of loan 😅
@@surajraika7821 Well for that have an FD, you can get a loan on that
I think Germany is a great examaple of medium and small scale successful businesses. We have a lot to learn from them.
China ???
@@nischaymiglani2617 China is authorititive so cannot compare it for policy making. But, I currently live and work in Germany. So, I have seen the businesses and government support for them. That's why I said Germany is a great example
@@mihirpingle5067 It may serve as a great example, but it shouldn't be replicated to the T. The reason I state has to do with nonsensical bureaucracy, and an old system of process and research. Germany is an ageing system, they cannot build the world of the future. This is where China and India will leap ahead. We need a better system.
@@sreyanshuchaterjee3962 Yeah we dont have to replicate anything. We can just take inspiration from them regarding policies. China can work its way throgh brute force which is not possible to implement in a democracy.
@@mihirpingle5067 the ceramic capital of the county is a small town that goes by the name morbi. Msme grew well there due to community banking. That had been the ancient mode of business. Perhaps we evaluate things more deeply than just copy paste. Glad to hear your thoughts.
As a Bank employee myself... Handling a portfolio of 75Crs. I have realised this... Ocen is very revolutionary step. But my bank is too conservative in terms of risk!
Good afternoon sir...
Im not understanding what is next credit facility to msme
They should be. In India, cheating occurs at all levels since there's no enforcement. Police are unreliable and corrupt. Courts are too. In this climate, how can you lend?
Congress never worried about MSME. The former FM of India, P Chidambaram, actually said he doesn't see how a 50,000 Rs loan can help anyone. And how UPI will help people. He was only interested in enrichment of Congress party. Kudos to Modi govt for thinking and executing such revolutionary ideas for Indians and for villagers, farmers and small business owners.
Modiji is a visionary who will succeed in transforming India in true sense.
Thanks for your trust in beloved & dynamic PM.
A Sevak as he Calls himself.
Hahahaha! Bloody andhbhakt. No stability in Modi era! Cash flow is not the problem or neither the loan, the main problems remains in the demand, market and sales. What happened to BYJu? Will you apply for the jobs like that? Highly unpredictable sector it is. Our generation in danger, where there is low pay and working like donkey
@@digitaldude7499the demand for material goods is always their, byju's is an example of service sector.
@@digitaldude7499 the first thing you do is abuse others who don't agree with you without giving any facts. Then you say how unstable the economy is again without any facts. As already described in other videos, Byju and other loss making unicorns are facing issue due to their mistakes of overestimating their customer pool(search about Tier 1, 2 and 3 India). If a business fails due to bad govt policies then the govt is responsible but here the unicorns are at fault(mostly). Stop spreading hate and abusing others. Talk with facts.
@@digitaldude7499which world are you living ??? Cash flow & loan disbursement is an issue, everything works on credit, please get your basics right to abuse others! Current companies which are failing is due to flawed business model. Bjyu n the likes are failing because they over estimated their customers & invested in creating businesses which aren’t helping them grow! If you can’t understand ground realities atleast try to understand these unicorn businesses to write correct factual statements.
Now I understand why our teachers can't explain well . Even I can't understand expert level English.. Ganesh Prasad Anna made very easy to understand for us.
Imagine how much we would progress if these MSMEs turn out to be huge companies,.if possible MNCs.
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes.
China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc . ?
@@pcom9209 bkchodi mt kr har jgah ek comment krke abi tk kuch ukhda nhi hai whi sb sasti life chl rhi ha ek aam indian ko
@@pcom9209 troll get a life
Ganesh without you it is impossible for commoners like me to understand these complex topics
One more thing. We entrepreneurs also have to improve our reputation. As per bank , the default in msme loan is 80%. And the default is intentional by person. He takes loan, shut the shop. Start new co and again take loan and the process goes on. Ethics has to be improved
I am thinking same thing but like if they record false information then the bank will get false info and later on it will be a hassle for the bank coz there is always some people who uses the system in wrong way 😑
Aadhar technically prevents that kind of wilful default.
Exactly..... Easy to blame the Banks but finally we Indians are famous for misuse of all facilities including credit..... Especially credit....... See in mallyas case etc at least the bank has assets to attach..... In SME cases what will u attach........see Indians are really beimaan people when it comes to money...... Yes we have a lot of honest guys who suffer unnecessarily.... But they are interspersed by countless people with questionable charector.... The ratio of frauds is just too high..... Even assets kept as collateral is not worth because he overvalues the asset and then asks the bank to go fuck itself...... See the problem??? Even if they lend against a project the person invents fake vendors and starts siphoning his share out before the project even completes construction stage...... In such a scenario banks are forced to lend to RIL and TATA because at least guarantee rehti hai ki kal bhagenge nahi..... Hence lendors are standing in line to lend to those groups..... Don't blame them.... Put yourself in their shoes
@@hoomanbeing638 correct
I thank you in advance for making video on OCEN topic sir.
I want to suggest another topic to make a video which the frontline Economic media houses ignored.
The topic is:
*Growing aviation market and Industry of India. It's impact on Indian Economy, Tourism and finally Soft Power of India.*
Most of the big airlines have either ordered or in advanced stages of ordering planes in massive number like Air India placing order for 470 Aircrafts with an option of another 370, IndiGo has placed order for 500 Aircrafts in batches during recent times like the one for 300 aircrafts placed with Airbus in 2019, Jet Airways new management is planning to acquire 200 Aircrafts, new player Akasa Air is planning to place order consisting over 100 Aircrafts this year. More recently IndiGo placed order for another 500 Aircrafts which takes the total number of ordered aircraft by IndiGo from Airbus crosses 1000.
So total number of aircrafts orders from Indian aviation companies is likely to cross over 3000 in near future.
So if incentives offered such huge order numbers may even attract commercial aircraft OEMs like Boeing, Airbus to set up assembly and manufacturing line here in India. It can also serve orders from Middle East, ASEAN and Africa as well.
Already Boeing sources aircraft components worth 1 Billion USD annually from India.
There was news of collaboration between Boeing and GMR to setup a plane conversion workshop in Hyderabad.
And India is also well placed geographically at the center of Asia, Africa, ASEAN and Oceania to setup maintenance hub for all commerical aircraft. So is the potential of India being a Air Transshipment hub of entire world. Because India itself is growing economically and is surrounded by growing regions like ASEAN, Africa, Central Asia etc.
*Also cover current state of aircraft manufacturing Ecosystem in India covering:*
*-* Tata manufacturing military cargo planes for IAF like Airbus C-295 in India.
*-* HAL made military jets like LCA Tejas, Trainers like HTT-40 and assembly of Su-30.
*-* NAL Saras and under development RTA(Regional Transport Aircraft) manufacturing by HAL.
*-* Reliance Aerospace manufacturing front fuselage of Dassault Falcon VIP jet.
*-* Tata Advanced Systems manufacturing Apache Helicopters fuselage and F-16 wings etc
*In the video cover all macroeconomic and business aspects like:*
*1)* Air Passengers number growth.
*2)* Increase in number of Airports.
*3)* Growth strategies of aviation companies
*4)* Business strategies of the aviation companies to benefit from this massive growth potential.
*5)* How to promote domestic manufacturing of these new Aircrafts both by Foreign OEM Companies like Airbus, Boeing, Embraer etc by partnering with Indian Aviation companies like Tata ASL, Mahindra Aerospace etc.
*6)* Maintenance and conversion hub ecosystem.
*7)* Present state of aircraft manufacturing in India whose examples I mentioned above.
*8)* Addressing potential of Aircraft exports from Indian manufacturing facilities to Aviation Companies in countries across the region like Central Asia, Middle East, ASEAN, Africa and Oceania by analysing data of air passenger growth in those countries.
*9)* Macroeconomic and socio-economic benefits of having an aircraft manufacturing, conversion and maintenance hub.
*10)* Air transportation potential in building multimodal transportation ecosystem. Recently Amazon brought it's dedicated Air Cargo service to Hyderabad by seeing the fast growing e-commerce segment of India.
*11)* Finally the stocks to watch out for in this growing aviation sector of India.
*If this makes video/article lengthy then make it in three parts:*
*1)* First part covering growth potential and business strategies of the aviation companies along with stocks to watch out for.
*2)* Second part regarding how government should plan to leverage such big order number by giving out incentives to attract domestic manufacturing and R&D centers of these aircraft companies and also promote maintanence and conversion hubs in India. Also mention stocks to watch out for which manufacture spares and components like fuselage, onboard computers etc.
*3)* Third part covering massive employment potential of creating Commercial Aircraft Manufacturing, Conversion and Maintenance hubs. Along with this also cover Air Cargo and multi modal transport potential in growing e-commerce market and number of airports in tier-2 and tier-3 cities of India. Lastly mention how it will boost tourism in India.
Please plan this video if possible.
It has potential become one of the most viewed video of Think School.
Who knows this may even reach till policymakers and ministers as well inorder to make India an aircraft manufacturing hub.
❤
Tune chatgpt se copy paste Kiya hai naaa...😂😂😂😂
@@modiji268 chatGPT ka data 2021 tak limited hai
Aur jo comment me matter hai vo 2023 ka news hai
wow bro this itself is video worthy information
@@SaiPraneethMullapudi sorry my bad
Hi from Canada. This was a great video. I've been trying to establish a business in India for the last 4 years with my partner in India. Covid killed our project, had to start all over on 2021.
The legality of business is so hard to understand there.
Ive been doing business in Canada for over 22 years. Both countries have completely different concepts.
But these digital efforts will take India to the next level.
Currently Business loans are very hard to get, unless its a scured loan against your hard assets.
I always find your videos to be very informative.
Good luck to you, and to my fellow Indian people.
I believe India will surpass all G7 economies very soon, but it will take time for the averge person to be wealthy.
Good luck to all.
Thanks. Love to Canada ❤
@kaniska12
Thanks.
No nation is good or bad, it's the people who make it good or bad.
@@mikepurewal5816 agreed 💯
Canadian banks should be way more liberal with loans than indian banks.
Always a pleasure to view quality information-loaded videos from *our* Think School!
Nvidia 😂😂
Your channel has changed my perspective on Indian politics. Top notch content, very informative and crisp.
MSMEs are the backbone of any economy. The issue is that most MSMEs refuse to make deposits in bank to show revolving income. It is on the MSME as the Loan Officers job is to evaluate the risk of payback. You no longer give documents but access to your business bank account for verification.
MSMEs just trying to keep cash to avoid tax works against them as they try to grow.
No most of the MSME ae not like that
@@earth_1943how do you know
Our country needs major tax reforms
This is true
Correct analysis
I went to bank for education loan for my daughter's. I need 2 cr loan and the loan was sanctioned in 30 min. Saw people coming to branch for 30days and didn't get 2 lacs loan. So Desh mast hai. We should see problem at banks employees end also. If any default, then bank employee is held responsible. I asked bank manager how he sanctioned loan for me for 2 cr, the he told your loan is equivalent to 100 application which they recieve daily. So we shouldn't blame banks only. Understand their issues also. If education loan is NPA then bank employee after retirement don't get his dues
2crore loan? What education it was for?
@@tiny3241for studing in mars
@@tiny3241Probably medical education.
Ye nam kyo chupate ho aap 😊
Exactly. That is the problem.
Much needed for our MSMEs, hope some day a law is passed to utilize AI and ML for processing civil cases which are pending not in thousands or lakhs but in crores in our courts😅
Yea horrible judiciary and law inforcement..
Judiciary using AI and ML is very difficult right now as we have often seen biases in AI based on existing data available.
Great idea, It is possible. AI and ML can understand and give the summary in short which will save lot of time of judge. Instead of going through all the documents or proofs judge can interfer only where it is required.
Wow, This is really a masterstroke for our Indian economy. Brilliant thought by the policy makers of this facility. Salute to them.
I'm going to predict that in 10 years India is going to be the factory of the world and we are going to be the next economic superpower. Kudos
Very well explained. The cogs of the OCEN systems were meticulously identified and built. Bank account, aadhar, gst were the initial cogs. Now the puzzle is shaping up.
UPI has greatly assisted MSME sector
Your videos are 1000 times better than the biased videos of german shepherd
Because you talk real economics and facts and figures
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes.
China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
Bro if you do not like someone you should stop talking about him. Typing his name in this comment is just giving him unnecessary attention.
@@tvts5157 you're right
@@warrior8017 glad you understood my point.
Yrrr plz dont insult german shepherd breed of dog by comparing it to dhruv tatti...they are very loyal ...call him(dhruv) suar insted
Nandan nelikani is asset of India. He is a inspiration.🙏
Got chills watching this!
Kudos to the team which made Ocen and also the team which made this video!!
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes.
China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
I don’t know where we would have been without the current vision and leadership of Indian government. Esp in Covid. When I see such promising changes that are acting at the grassroot issues I believe India’s golden era is not far.
Its truely remarkable how india recover itself and now its 3 trillion dollar economy where as other country is facing recession
Good framework and easy process will strengthen the MSMEs and will create a more prosperous middle class, and upliftment of so many poor as well.
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes.
China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
Knowledge provided in this video needs to be dubbed in all the Indian Languages.
Modiji is a visionary who will succeed in transforming India in true sense.
Thanks for your trust in beloved & dynamic PM.
A sevak as he calls himself.
This video made my day. I am so happy. The India Govt has bought in several schemes that if successful will not only help India but will also serve as a blue print for other developing countries to improve their economies.
I am so happy to see this develop. I started to setup my business in 2000 of textile design and for very smae reason I had to stop. Buy raw material in cash and turn over in credit, eventually ran out of cash flow. India is growing and Kudos to Think School to bring out these stories.
Just like how UPI has transformed payment mechanism in our country , OCEN will also do the same thing to MSME sector when it comes to working capital requirement . A great step by Government of INDIA .
This channel has become a place of knowledge hub for me .
A big thank you 🙏
Full form of OCEN ?
Open credit Enablement Network
@@MPMahesh97 tq
You always bring very valuable videos which any common man can understand. Thank you. Keep going.
Great Initiative!!!!!!!!!!!!!!!!!!!!!!! Our India will become No.3 Economy in the world soon!!
Crisp articulation of OCEN. You guys are simply awesome
The problem is still there. MSME needs to be a 100% authentic and genuine person and company. If this process gets SCAMMED and again more process filters will come which make the genuine MSME get the loan approved again.
That's why Aadhaar, Mobile & PAN are interlinked.
Although it still doesn't mitigate the risk involved as no one can give a 100% guarantee whether a scam will happen or not.
But in the era of digitalization, some necessary risks have to be taken for greater benefits.
He can do that, but his credit worthiness will then take a hit. Since he is identified with Aadhar and PAN, he will find it extremely difficult to scam the system a second time.
Just awesome !! Now that we have improved NPAs of big banks, a major chunk of that recovery/ money must go to the MSMEs. These banks have now more risk taking capabilities..
OCEN - Open credit Enables network The Revolution of Technology for MSME sector The lack of credit problem of MSME sector solve using OCEN The backbone of Indian Economy MSME with OCEN The credit loan amount easily through UPI The Digital Revolution of India like UPI , OCEN Through addressing problem of different sectors The credit of problem of MSME sector solved using OCEN Backbone of India Think school 🏫 OCEN case studies with research and analysis problem of MSME sector with bank loans wonderful case study of OCEN
Ganesh bhai can you please make a video on how these new emerging sector can supplement job generation in India..it would be of a great help ❤❤
This why I shut down my cloth and trading company in lockdown and applied for sales job. Now I am employee of Steel company.
Who are these people saying MSMEs are not important for country's economy? China is probably a country based on MSMEs, Bangladesh, Turkey, Indonesia, India, and countless countries.
MSMEs are very important but the person who knows how to get the loans or 80 % of the scammers that is a big problem is we need to find a system for scammers that should be filtered. When you see aliba initaltion most the seller where genuine after it is very difficult to judge right sellers
OCEN was developed by Sri Piyush goyal ji through his mastermind, and it is ahead of its time, World's first such masterstroke, which will give more loans to Msme's easily. These loans will be without or very little security collateral and govt will waive very easily during elections in another masterstrokes.
China or USA will not be able to copy this masterstroke of loan giving to Msme at very low interest rates through swiggy ,zomato,paytm even though china has stake in swiggy, zomato, paytm, ola etc .
We need to celebrate people like Nandan Nilekanii moree. He is causing the real impact with technology. Just wow
Modi has a positive impact. Scamgress will waste all of the resources on freebies. Modi for 2024!
not only scamgress. look at whole oppotition.. their only election agenda is to win and be in power... to keep scamming the people of bharat... on the other hand modi on his "state diner" asking Elon musk to "Invest kar mere bharat me. nai toh tesla bechne nai dunga" xD
Everyone distributing freebies bhai, chec the bjp promise before Karnataka or even upcoming rajasthan election, question every party then it will be helpful... otherwise ever parties keep doing same thing
@@ankitmishra5242even after showing progress, if people fall for freebies means.. Every party will come to freebie schemes to retain power.. Everything is in peoples hands, people should decide whether they want development or freebie
@@ankitmishra5242 bro i am not against freebies for the people who needs it, like during covid 80cr people got free rasion and the obvious free vaccine which obviously wasn't free for govt...
I am against giving free bus ride to women, free electric etc... Why? If they are capable then why? How can a country grow like this!!!
But freebies win
So glad to hear about this revolution ... Really appreciate the brains and hard-working people behind this digital revolution in India after UPI.
Pls read book rebooting india by Sir Nandan Nilekani where he discussed all his ideas and india stack it's awesome @think school
Please don't suggest books by politicians and Marxists...
Nandan Nilekani has built all this stack just go n check n than comment
Good too see all parts of the puzzle coming into play.❤🎉RBI,NPCI,UIDAI and others.
When I am thinking about this my mind blasting I am admiring where will India be in the upcoming years but things such as education , law and bribery remained same from centuries.
Can fully resonate. Owning an MSME with 5cr + revenue with positive cashflow....still I have been roaming 3 banks for 5 months to get a mere 20 loan for expansion.
Current system is pathetic. My friends get slice pay loans 10x faster for no reason. 😢
Have u tried OCEN ?
Which bank ?
Ganesh, you are truly doing a fantastic job through your channel by informing this modus of obtaining loans and keeping our MSME s alive, for they alone form the backbone of any large industrial economy by employing millions of people based on the market dynamics of demand. This has been very well demonstrated through almost hundred years of German experience, where the medium sized industries even at village level, incuding small micro breweries in towns have proven to be the core of the industrial strength of an economy. They are also thus insulated from the vagaries of international turmoil as they tend to be self sustainable by feeding the closely knit villge / town level economies thus forming a macro economic model in its own sphere. Ganesh, Thank you so much again for your Think school videos, which I so regularly visit to educate myself and my circle of friends and keep abrest. 🙏🙏🙏🙏
Nandan Nilekani is a real gem of India... Who helped India gets its own Aadhaar implementation.
Outstanding initiative by government ❤❤❤❤
*This is very big it is going to create History. This will Boost the Indian GDP drastically. I can see it coming.*
Out of 100 MSMEs, at least 5 have the potential to break the records and be on the path to being a big company, and who knows Unicorns one day.
MSMEs also don't get payments on time and also many times, the buyers refuse to pay citing many personal problems. I had a LED bulb manufacturing business. I had to stop because I did not get payments from my clients at all. There has to be accountablity set where the buyer is responsble for payments otherwise there is some penalty.
Kudos to government think tanks and executioners, who understood the long pending problem and trying to resolve it beautifully and efficiently.
🎉
This OCEN idea will be a game changer in indian economy .
1)So to get loan, msme will try to have credit worthiness, for that they do business in account (white) so msme's turnover will be increased before.
2)More accountable transactions will happen. Currency notes usage will get reduced.
3)so it results in elimination of fake currency notes.
4)Gdp will increase
Etcetera.....
Bro your channel will definitely cross 10 million soon . Your content is so genuine and these things will enlighten us ✨️
hi ..... my suggestion - don't use adani as a example he is not defaulter, he is still good indian business man.
Adani is not mentioned as a defaulter. He's mentioned as someone who is easily getting loans.
First was Har gear adhar, then came upi and now combining them we get something incredible! And all of this was part of a big plan.What an execution!
Absolutely fantastic explanation and well done GOVERNMENT Of India and All OCEN founders.
Good morning Ganesh Prasad sir!
I have been watching your videos for 16 months.It's one of the best TH-cam channel for business case studies and geopolitics .
I love your speaking skills and I'm thinking of pursuing your communication master class. Unfortunately the price is too high.Please make sure that even a middle class guy like me can afford your courses.
Thank you sir!
Video is perfect but you missed one main hindrance. Bank needs collateral for that ammount. Msme like me 30 yrs back was not having any collateral, so has to take money from private lender at 24%-30%.Also majority of msme is first generation entrepreneurs and they don't have any collateral. I was lucky , so sailed thru. Today's banks are after me for loan and I have upper hand. I enjoy life without any liabilities
Videos by you are like newspaper of 1960's.. data backed simplified logics for understanding...
Lack of Automation and Ai is one of the reasons we don't see robust growth of these MSMEs, if Govt Or some other party could provide these MSMEs such supports it could not only will decrease production cost but will also improve products quality.
Did you even see the video? That's what the system is it uses tech🤷
@@c.bulakh6231 That's the system to help give more loans, it has nothing to do with actual production although I feel one issue with blindly applying automation and AI is that it'll reduce employment opportunities.
Job creation?? Gone for toss
@@NoMustang273u go to top floor with helicopter or u use lift or stairs...??
They struggling for money and that's their first problem if they get good opportunity then by self they will move ahead...
@@shivankursharma7999 ...ok? Did anything I say contradict that? I explained that OCEN only focuses on providing loans, it has nothing to do with how companies produce their products.
Thank you think school for talking about MSME sector ❤❤ I belong to this sector.
It's a very interesting video . But it requires some more clarity on how the credit worthiness of an MSME is determined .
Went to the references that you had provided, and the article was a gem . It has cleared all my doubts.
Clearly, the current government is supporting lot of initiatives that would make this decade "Indias decade "🇮🇳
My understanding is that the loan providers have all access to that data layer and they all make assessments and put up their loan quotes. Maybe internally in the bank, the process is automated upto a certain loan amount.
@prakadox That's true . But when majority of the MSMEs are dealing in cash . They don't have any transaction history. And hence no data for the banks to look into .
That's where an LSP and Account Aggregator comes into picture . LSP like swiggy have access to multiple trends or patterns about a restraunt which never existed before . And based on this lender's can take a decision.
This looks great .... I wish OCEN all the best .... I hope it becomes a success like UPI .... 🙂 ....
The way you produce such videos ...is a service to the society as they only understand this simplifying version...creators like you are the beacon of the education revolution sir.❤
True
This was fantastically explained. It feels like India is finally waking up to reclaim its prosperity.
Incredible episode bro.. gr8 initiative by the govt
Sir you always give more information than indian tv news media
Great video!
Amazing explanation!
This is definitely a great step in making India's MSME sector robust.
Another good video. Well researched. I have been observing MSME sector for over a decade. True, things have changed a lot, but a lot is left to be done. It is not governments responsibility alone. If we work together and elevate this sector, i think we see India in the developed world category within two decades.
Mind blowing research 🤯
I am from Tirupur,
This should definitely boost my Dad's textile business
Thanks for sharing ❤🙏
OCEN is going to revolutionize the Business in India
This is the video Man..! I wish all the cabinet ministers would watch this video together and give you a prize for making this video and work on these problems. Hats off. More Power to you.
Regarding your first point comparing loans to KF and small vendors the point is accountability. Thousands of crores of loans are given by committees of banks consisting Top executives of banks on whom nobody takes any action in the event of default. But small loans are given by your local branch officials who will be made accountable in event of default of even 50k loan and will be investigated for a year
Your communication skills are excellent, and you should start a podcast channel. It will be great for your audience as well.
Sometimes I feel the video does not end. Truly engaging content. Thanks.
I simply love your genuine, precise way of explaining complicated ways of business world so a ordinary house wife can understand it. 🙏
Free electricity
Free bus ticket
10Kg Free rice
2000 rupees for every women
3000 rupees for grads
Congress won election 😂😂
But people lost 🙄
Well it was because of their local politicians and they still lost in educated areas.
@@Shivammishra98643 nope educated people voted for bjp(i am kannadiga)
@@rishibaurasi1902 i am talking about congress how they lost in educated areas.
Just reduce tax on petrol and see how it will improve lives of people far more than these schemes
Wow.. this is a revolutionary product by Indian Government
Please ensure than NVIDIA type mistakes dont happen, international audience watches your videos 😊
What mistake?
what mistake bro ?
Many things in that were wrong info
@@AB-mq8pr i wondering what it might be a wrong source or wrong info ?
he took down the vid to recorrect it. he will probably reupload it after its corrected.
Thanks to you think school I'm successfully get loan of 3 +3 lac(partnership) and start my own factory of bush manufacturing with 2 machines 👍 we have only 1 machine before june 2023
Very informative and interesting Hats off to you for bringing awareness on burning topics. Continue your mission on through research
Great to learn about OCEN. We are now seeing the benefits of JAM (Jandhan-Aadhar-Mobile) trinity play out. Waah Modiji Waah 👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻
Brilliant Video as usual. However various such initiatives like Account Aggregator and OCEN network have been in process for a few years now; yet their full potential is yet to be realised. Request if you could explain the roadblocks hindering their widespread adoption by various players in the ecosystem.
Additionally if you could compare such differences (Eg - access to credit, ease of doing business etc) across various economies such as China, Vietnam, Korea etc.
It's just being piloted right now.
This govt is doing everything to facilitate ease of doing business!
Thanks Ganesh for this VDO. Especially, loved the part where u explained why banks higher interests to MSMEs❤
Wow! What an episode ❤❤
My fellow Indians,
Compare how you felt as an Indian voter before 2014 and how you feel as an Indian voter in 2024. Who has given you the most returns for your vote?
certainly not the bhartiya jhumla party..only taxes and LPG prices have increased
@@veejay74o vote for your “con”-gress which kept the country poor for many decades? Not happening anymore
How the policy makers brain are working like this 🔥🔥🔥🔥🔥 #Simply Mindblowing ❤
Who wants Modi Chacha Again atleast for 2 more terms Attendance Lagao
👇
he's old he wont, he is here only for 3 more years... another one is in the making who build in one hand and destroyed in another xD guess who
Not Modi Chacha, if BJP was elected to power in 2024, then they will definitely divide India vigorously based on religion and destroy India. Mark my word.
@@arpanConYT Yogi JI MMaharaj 🙏
@@arpanConYT yogiji is good. i hope the bjp/RSS wud allow him to come up and not get jealous of him.
@@AA13494 lol he is poster boi for rapid action development and no nonsense governance...
Very well researched video. Im textile industry owner I know the pain of this better than anyone. we buy cotton yarns from Mills in cash, we have atleast 10 process before it becomes a terry towel and we have to pay our employees and maintain our Industry and Sell the finished product in credit for atleast 90 days, not a single party or wholesaler pays before 90 days and It is inevitable for us to do business or even run it for even 1yr if you dont give them credit.
Ganesh sir! any ideas for podcasts or interviews or casual talks with *named* dignitories within THINK SCHOOL Channel! we would love to see how you ask question or interview them!
BTW Loved these videos! YOU ARE THE ONLY CHANNEL I SUBSCRIBED WITH BELL ICON! Mad respect for you!👨🎓👨🎓
Soon :) thank you for your support :)
I Sincerely appreciate your work towards making every citizen of India feel proud by describing about the great revolutions that are taking place in the country and making us educated about the Indian Economy as well as Foreign market conditions and policies and their effects on India
Good work brother! Your videos are too good and immensely informational.
Suggestion: But your videos arent meant for non-english speaking audience, while the content still being relevant. Like Mr. Beast, may be you can try dubbing the same video in other languages and releasing them.
Love your work!
BEST GOVTMENT ALWAYS GIVE BEST RESULTS ....always choose the best one
We have seen all the pros of OCEN ,but if we see critically won't this cause the NPA's of bank to increase by increased credit default
It might actually reduce it because this would open up the doors for way more diversification at a higher interested rate. As opposed to giving very big loans at a lower interest rate. But that's the core of banking and Indian banks are not known for portfolio diversification.
Thank you for the valuable information abt how our government is coming up with revolutionary ideas.