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This Gurugram-based fintech start-up aims to disburse loans worth Rs 250 crore to rural MSMEs
In a bid to make the financial ecosystem for Indian MSMEs more inclusive, fintech company, Lendingkart has partnered with the financial services firm Cholamandalam Investment and Finance company Ltd (Chola) to disburse loans to India’s small and medium businesses. In our journey of promoting financial inclusion in the country, these meaningful partnerships will become our backbone and assist us with required liquidity support, while Lendingkart will leverage its network and technology to further expand the services to small businesses in India.” The MSME sector contributes about 30 per cent to India’s GDP, and 45 per cent to India’s exports and is also the second largest employer of workforce after agriculture, as per data shared by the Micro, Small, and Medium Enterprises Ministry. Prime Minister Narendra Modi has often highlighted that this sector will play a key role in helping India become a $5 trillion economy. Lendingkart was founded in 2014 by Harshvardhan Lunia. The Gurugram-based company has disbursed 1,40,000 loans to more than 200K MSMEs in more than 4,000 cities and towns across India since its inception. Source: BusinessToday #Gurugram
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