Budget 2018: Why P2P should be empowered to fill the void in SME financing
The Economic Survey 2017-18 tabled in the Parliament on Monday delivered an unsurprising, but troubling figure. The amount of credit or loans disbursed by banks amounted to Rs 26,041 billion as on November 2017, but 82.6% of this was pocketed by large enterprises. For millions of SMEs in the country, banks only lent out 17.4 % of the total credit.
Related Articles
-
RBI: With a touch of creativity we have the Reserve Bank of Innovation
Oct 12, 2017
-
Budget 2015 should look to enhance access to funds for startups
Feb 11, 2015
-
Here’s all you want to know about alternative asset class – P2P lending
May 02, 2017