Jun 15, 2023
MSME’s found it challenging to obtain loans and financing due to numerous difficulties and complexities. This is where the NBFCs came into
MSME’s found it challenging to obtain loans and financing due to numerous difficulties and complexities. This is where the NBFCs came into play to support MSMEs through MSME lending. A survey says that the entry of NBFCs proved to be a great support, especially in a sector where the formal credit channel serves only 8% of the market. The NBFCs have made it viable for even smaller businesses with their speedy loan disbursal, flexible rates, and lax eligibility criteria.