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Which initiative provides a common API framework for enabling credit flow to MSMEs using alternative data?
- ONDC
- OCEN
- AA
- e-SAMADHAN
Answer: OCEN
OCEN (Open Credit Enablement Network) is a protocol that standardizes interactions between Lenders, Loan Service Providers (LSPs), and Account Aggregators. It enables MSMEs and individuals to access credit using digital footprints (cash flow, GST, UPI) instead of traditional collateral, promoting financial inclusion.