Open Credit Enablement Network (OCEN) has been launched in India to address the challenge of access to formal lines of credit for small and medium-sized enterprises (SMEs). With 63.39 million SMEs contributing a third of India's GDP and employing 110 million people, OCEN aims to provide unsecured short-term working capital loans at lower interest rates. By leveraging digital footprints and the Aadhaar-based eKYC system, OCEN aims to reduce the borrowing period to a quarter, making it easier for banks to lend to SMEs.