micro loans

SBI launches ‘SME Digital Enterprise Loans

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State Financial institution of India (SBI) has launched ‘SME Digital Enterprise Loans’, providing end-to-end sanction turnaround time of as much as 45 minutes for SMEs (small and medium enterprises). SME Digital Enterprise Loans leverages know-how and an ecosystem of APIs (software programming interface) to streamline the lending course of. Using genuine knowledge footprints from sources … Read more

SIDBI companions fintech platform KarmaLife for micro loans to gig employees

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Small Industries Improvement Financial institution of India (SIDBI) has entered into an settlement with a fintech Onion Life Non-public Restricted to make use of the latter’s know-how platform KarmaLife for a pilot to offer micro loans to gig employees. That is anticipated to help the gig employees’ monetary inclusion to formal institutional credit score. KarmaLife … Read more