List of 5 Platforms Bringing Product Innovation in SME Digital Lending Space
New Delhi, April 25 -- Digital Lending Space in the country is creating a new buzz. Amidst the traditional ways of banking which results in approval of only 25-40% of loan applications, came the relevance of digital approach. As per the recent Omidyar-BCG report, it is estimated that by 2023, MSME digital lending has the potential to increase between 10 and 15 fold to reach Rs 6-7 lakh crore ($80-100 billion) in annual disbursements, creating immense opportunity for both traditional lenders and digital start-ups
With tech-enabled underwriting and paperless transactions, it is now possible to provide tailor-made loans to various merchants as per their industry segments ranging from food and beverage, apparel, salon, travel agencies, autom...
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