18/08/2026
At the Roundtable on 'Reimagining Credit for Inclusive Entrepreneurship in Uttar Pradesh', convened by Development Alternatives in Lucknow with support from HSBC India, one question anchored the day: how do growth-oriented enterprises get the credit they need to grow and create jobs?
The room brought together entrepreneurs, banks, NBFCs, microfinance institutions, development finance actors and practitioners, where the conversation moved beyond identifying the credit gap to asking what could help bridge it.
Shrashtant Patara, Chief Executive, opened the day drawing on DA's four decades of work building local economies in UP.
Kanika Verma, Executive Vice President, stressed that credit alone is not enough: “For enterprises to grow, finance needs to come together with market access and institutional support. That requires government, finance and local institutions to work together — as we have seen in Mirzapur.”
Romit Sen, Senior Vice President – Sustainability at HSBC India, described the ambition as helping enterprises move from "coping" to "growing" to "compounding."
The highlight of the day was the udyaME Chaupal, where four entrepreneurs opened the conversation by sharing their enterprise journeys — how they had grown their businesses, the finance that had shaped them, and the capital they needed to get to the next stage.
Four working groups looked at the challenge from different angles — reducing the cost of reaching entrepreneurs, de-risking lending, building pathways from institutional to commercial credit, and matching loan sizes to enterprise stage.
What emerged was practical. Entrepreneurs need support to become credit-ready. SHG, CLF and MFI records could help lenders assess them better. Risk-sharing works alongside sound underwriting. And those who repay well need a clearer route to larger finance as they grow.
We are grateful to everyone who made the day possible.
A special thank you to HSBC India —a long-standing partner in our journey to advance micro-entrepreneurship and build more resilient, inclusive local economies.
To our partners, Givfunds, Impact Lens, Haqdarshak, National Association of Street Vendors of India (NASVI), Gram Vaani — thank you for bringing your expertise and willingness to think differently about this segment.
To the banks, NBFCs and MFIs in the working sessions — thank you for engaging openly with what the system could look like.
To the consultants and practitioners who shaped the conversation — Kiran Limaye, Prema Gera, Vijay Sai Pratap, Amit Garg, Aniket Doegar, Arbind Singh Ji.
And most importantly, to the four entrepreneurs who reminded the room why this work matters.
The next step is turning these ideas into focused pilots.