India: Paytm Deepens Micro-Credit Foray as Other Firms Shy Away
Paytm ties up with Non-bank financial institutions (NBFCs) to use past-transaction data to assign credit limits for loans for daily purchases of grocery, retail goods.
Mastercard and Razorpay Team up to Advance SMB Digital Payments
The tie-up will enable Indian startups and SMBs to fold technology into their operations and accelerate digitalization while also maintaining business continuity and preparing for alternatives to cash payments.
India Now Ahead of China in Financial Inclusion Metrics: SBI Report
The report states that financial inclusion policies have a multiplier effect on economic growth.
Small Industries Development Bank of India Launches Second Window of Swavalamban Challenge Fund
The initiative aims to provide financial support to non-profit organizations, educational institutions, or social startups for addressing developmental gaps.
U GRO Capital’s Sectoral Approach Aids Multiple Sustainable Development Goals: Sattva Consulting Impact Assessment Study
This study would be one of India’s first such vendor social diligence undertaken by any Company, in hopes to encourage the entire lending ecosystem to measure, evaluate, and govern the impact performance for their customers.
EV Finance Company Mufin Green Raises $5.7 M From Incofin
Through this funding, the company plans to disburse income-generating loans worth INR 5,000 crore in the next five years, resulting in an overall reduction of four million tones of carbon emission, the firm said in a statement on 3 October.
Queen Máxima Visits India to Advocate for Digital Financial Services
The talks will center on how India will incorporate financial inclusion and digital economy into its G20 agenda.
Microfinance Institutions Network Launches TVC for Backing Low-Income Women Groups
The campaign tagline aims to communicate how the microfinance industry in India has all along been actively supportive of income-generating trade activity, by low-income financially excluded women across the country.
Silatech Launches Project to Support 89,000 Youths in Cambodia, India and Sri Lanka
The three-year project aims to eliminate barriers in access to finance for young entrepreneurs, create income generation opportunities and promote financial inclusion and growth.