Category: Banking and Finance
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Empowering the Informal Sector: How Fintech and NBFCs are Reshaping Access to Credit in India
Introduction Fintech and non-banking financial companies (NBFCs) are playing an increasingly important role in providing financial services to the informal sector in India. The informal sector, consisting of micro, small, and medium-sized enterprises (MSMEs), as well as rural, unbanked, and informal sectors, faces challenges in accessing credit from traditional banks.…