In the last five years, the credit gap in the country has increased. As per the latest Standing Committee on Finance report, MSMEs, India’s growth engine, face a humongous credit gap of around INR 20-25 lakh crores. Small businesses that require quick access to working capital for their daily operations can have an impact on their earnings and profits in cases of any hindrances in attaining the same.
However, other problems such as payment delays, which further lead to reduced investments and growth, may arise, resulting in risk aversion in the minds of entrepreneurs. TradeIndia (TI) Lending is an exclusive digital loan solution initiative by B2B marketplace TradeIndia.com. TI Lending aims to address such varied underlying problems.
Aditya Shankar, Vertical Head, Lending, TradeIndia.com said, in a statement, “One of the major hurdles preventing SMEs from taking the entrepreneurial plunge is capital denial and TradeIndia.com is proud of filling this gap and assisting entrepreneurs on their growth journey. TI lending has been a huge success story so far and we are committed to reaching out to millions of other entrepreneurs to help them establish their businesses. Analysing the current trends, customer response and industry potential, we are extremely optimistic and aim to disburse more than Rs 2.5 Billion in the next financial year.”
