Credit scoring, especially addressing the SMEs, has been infrequently reported in the archived literature. The problem can be solved by using a multi criteria decision-making (MCDM) model. However, the regression model may not perform well with limited data points and missing data. Most of the existing models used regression to predict the possibility of default of SMEs. The credit risk assessment based on unorganized financial data is a challenge for financial institutions. The SMEs are often seen as unorganized in terms of financial data as compared to large corporate sectors. Similarly, financial institutions also face difficulties while selecting the potential SMEs for granting credit. However, easy access to finance from financial institutions is a prime challenge for them. Small and Medium Enterprises (SMEs) have played a significant role in the development of any economy.
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