- Financial Express
Lendingkart: Loans disbursed to MSMEs jump 150% in FY22 from previous year
Credit and Finance for MSMEs: Loan disbursements on MSME-focused digital lending platform Lendingkart in the financial year 2021-22 have crossed the pre-Covid levels after registering a degrowth of 54 per cent in FY21 amid the pandemic from FY20. According to the data shared with Financial Express Online, Lendingkart had enabled the disbursement of Rs 2,747-crore unsecured loans in the last financial year, up 150 per cent from Rs 1,098 crore loans disbursed in FY21, and 16 per cent from Rs 2,365 crore loans in FY20. The total disbursements, since the launch of the company in FY15, stood at around Rs 9,108 crore to around 1.70 lakh MSMEs from over 15 lakh loan applications received in eight years. Moreover, Lendingkart’s gross revenues jumped 32 per cent to Rs 675 crore in FY22 from Rs 511 crore in FY21 and 39 per cent from Rs 485 crore in FY20.