The finance ministry has set up an expert committee to look at the ways in which fintech platforms can help bridge funding to MSMEs.
Access to more funding sources, leveraging the government processes to push up demand, easing out online application processes and ensuring free flow of data are few of the major recommendations that have gone out from the Digital Lenders’ Association of India, the industry body for online lending players in the country. The finance ministry has set up an expert committee to look at the ways in which fintech platforms can help bridge funding to MSMEs and the industry body hopes the government will consider the suggestions from their side to help the overall industry grow.
via MSMEs: Online lenders make a wishlist to boost funding for MSMEs
