US EditionTechnology to Drive Efficiency in Rural Lending - NBFCs Are Transforming Access to Finance
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Technology to Drive Efficiency in Rural Lending - NBFCs Are Transforming Access to Finance
Technology is transforming access to finance in the rural belts of India by enabling residents to tap into financial services, which were once out of reach. Non-Banking Financial Companies (NBFCs) are leading the way for this revolution, employing digital solutions to shatter barriers that kept the population excluded from formal credit systems. In the past, many factors such as the lack of credit history and the vast distances between banking b…
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