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