Tag: Credit
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Government to Introduce Low-Interest Credit Cards for Small Businesses by January
The government is set to launch a low-cost Micro Credit Card for small businesses by January, aiming to cut their borrowing costs by up to 50%. Typically, a steep 30–40% annual rates are charged on regular credit cards. Intended to ease short-term working capital stress for micro enterprises, the new card will offer a credit limit of…
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Digital Credit: A Growing Solution for Easing Paycheck-to-Paycheck Strain
Digital credit solutions are emerging as a practical financial tool for India’s salaried workforce, according to Piyush Bagaria, Co-founder of SalarySe. He noted that nearly 100 million salaried employees continue to struggle with limited savings despite stable monthly incomes. Bagaria said the rise of digital payments has reshaped consumer behaviour, with UPI accounting for more…
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Leading the Charge: 4 NBFC Powerhouses Driving India’s Credit Growth
India’s NBFC landscape has been shifting quietly but decisively over the past year. The RBI’s tighter rules on unsecured lending, higher risk weights and closer scrutiny have forced a clear divide between lenders that run a tight ship and those that grew too fast. At the same time, banks have eased off in several retail…