- India Express
FISME plans collateral-free MSME lending platform
Aimed at fulfilling the need for urgent funds, a digital lending platform is being created to provide access to collateral-free capital up to Rs25 lakh to micro, small and medium enterprises (MSMEs).
The platform is being set up by the Federation of Indian Micro and Small & Medium Enterprises (FISME) and Eqaro Surety Pvt Ltd, a provider of financial guarantees.
A memorandum of understanding in this regard was signed by Prashant Patel, president of FISME, and Vikash Khandelwal, CEO of Eqaro, in Delhi recently.