HomeNewsBankingSIDBI unveils “Digital Prayaas” lending platform

SIDBI unveils “Digital Prayaas” lending platform

SIDBI unveils “Digital Prayaas” lending platform

Small Industries Development Bank of India (SIDBI) launches an app-based digital-lending platform named ‘Digital Prayaas’. the main objective of this is to facilitate loans to entrepreneurs from low-income groups.

  • The Digital Prayaas will also role in sanctioning a loan by the end of the day.
  • SIDBI has partnered with BigBasket in order to offer loans to its delivery partners for the purchase of e-bikes and e-vans in Urban area.
  • the SIDBI-BigBasket initiative will help in making digital footprints to facilitate loans to the borrower’s family members for their own micro-enterprises.

About SIDBI –

  • CMD: S Ramann
  • Founded: 2nd April 1990
  • Headquarters: Lucknow, Uttar Pradesh.

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Small Industries Development Bank of India (SIDBI) launches an app-based digital-lending platform named ‘Digital Prayaas’.

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