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
-
P2P Lending in India:Is it Truly Delivering a Disruptive new asset-class?
Jan 02, 2018
-
Cheaper than banks: Platforms that fuel alternative finance market
Sep 14, 2016
-
Brexit, London's FinTech scene and opportunity for India
Jul 08, 2016