Earn below Rs 3 lakh? You could get a microfinance loan up to Rs 1.25 lakh - here’s how is drawing significant interest across the industry.
Microfinance loans are small, collateral-free loans given to people from low-income households, earning up to Rs.3 lakh a year. You don't need to pledge any asset, deposit, or security to get one. From funding a small business to covering emergencies or school fees, these loans are designed to empower people who don't have access to traditional bank credit. Microfinance loans: Get funds without collateral or security
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
Source: Original →