India, May 8 -- India's financial landscape is not defined by banks alone. In countless towns and villages, Non-Banking Financial Companies (NBFCs) offer crucial credit to people and businesses often overlooked by traditional lenders. They handle everything from small gold backed loans to large infrastructure financing, forging a path to Viksit Bharat 2047 by expanding access to capital where it is needed most. NBFCs provide credit, lease financing, and investment options but lack a full banking license. They cannot accept demand deposits or issue checks, and their liabilities are not protected by deposit insurance. Instead, NBFCs rely on market borrowings, bank loans, and institutional funds, frequently issued at higher costs. NBFCs oper...