Financial ExpressJul 11, 2022"B2B marketplace TradeIndia ventures into MSME lending aims to disburse Rs 100 crore by the next fiCredit and Finance for MSMEs: New Delhi-based B2B marketplace TradeIndia ventures into MSME loans with the launch of TradeIndia Lending, a digital lending solution for small businesses.On the rationale behind the launch, Sandip Chettri, CEO, TradeIndia told Financial Express Online, “Last year in June, post the second wave of the Covid pandemic, we did a survey of 50,000 SMEs and found 83 percent of the respondents confirming their inability to raise timely credit. This made us introspect if we could be a one-stop solution for the SMEs, where we go beyond providing access to a marketplace by also supporting them in raising funds to meet their next big order.MSMEs in India face a colossal credit gap of Rs 20-25 lakh crore and some of the key reasons behind the lack of access to capital are the absence of collateral, incomplete books of accounts, preference for cash transactions, and lack of credit history.Read more at Financial Express
Credit and Finance for MSMEs: New Delhi-based B2B marketplace TradeIndia ventures into MSME loans with the launch of TradeIndia Lending, a digital lending solution for small businesses.On the rationale behind the launch, Sandip Chettri, CEO, TradeIndia told Financial Express Online, “Last year in June, post the second wave of the Covid pandemic, we did a survey of 50,000 SMEs and found 83 percent of the respondents confirming their inability to raise timely credit. This made us introspect if we could be a one-stop solution for the SMEs, where we go beyond providing access to a marketplace by also supporting them in raising funds to meet their next big order.MSMEs in India face a colossal credit gap of Rs 20-25 lakh crore and some of the key reasons behind the lack of access to capital are the absence of collateral, incomplete books of accounts, preference for cash transactions, and lack of credit history.Read more at Financial Express
