Fintech startup Lendingkart Finance has teamed up with the Bank of Maharashtra (BoM) to make small-ticket business loans up to Rs 100,000 at low interest available to MSME borrowers across India. This facility is expected to enable MSME borrowers to accomplish higher growth thereby contributing to the country’s GDP growth. Simultaneously, it will also complement the vision of the Reserve Bank of India by enhancing financial inclusion. This co-lending arrangement will pave the way for the sustainable growth of BoM’s MSME credit portfolio. The MSMEs located in underserved and unserved areas will benefit immensely as they can avail cost-effective loans.
