Source: The Indian Wire
The Indian government is pushing the SME industry in order to help this largely unorganized industry, that employs more than 70 million Indians. As the industry is given a boost, it will need additional funding to scale these small businesses to grow.
While the banks have been inefficient in providing the required loans to facilitate their growth, it has opened up an opportunity for the digital lending industry to serve the growing SME industry in the country.
In this independent research conducted by The Indian Wire, Vayana Network has been listed amongst the Top10 Fintech start-ups focused on SME lending in India. To check the complete list click here.