New Delhi, Dec. 2 -- The government has recently launched the Credit Assessment Model (CAM) to make it easier and faster for Micro, Small and Medium Enterprises (MSMEs) to get loans.

"The model leverages the digitally fetched and verifiable data available in the ecosystem and devises automated journeys for MSME loan appraisal using objective decisioning for all loan applications and model-based limit assessment for both Existing to Bank (ETB) as well as New to Bank (NTB) MSME borrowers," the Ministry of Finance said in a release on Tuesday.

According to the press release, CAM is designed to provide a uniform, efficient way to evaluate MSME creditworthiness using digital tools. By leveraging existing data in the digital ecosystem, such a...