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Digital Lending: A bridge towards financial inclusion
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Digital lending is a powerful tool that can be used for financial inclusion. With new innovations underway, digital lending has enabled many Financial Service Providers a way to offer much better products to the masses at a much faster rate which is even more cost-efficient. Digital lending can prove to be a tool acting towards the growth of higher quality of financial services to underserved businesses and people.
India has a huge growth potential when it comes to the Digital Lending landscape. Financial Inclusion has been one of the primary goals the Government of India wants to achieve through their new initiatives. Looking at the data it can be seen that the Indian Household debt only stood at 11% as of 2017-18, whereas in China and the
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