Niti Aayog moots full-stack Digital Banks in India to bridge MSME credit gap; releases discussion paper

Niti Aayog moots full-stack Digital Banks in India to bridge MSME credit gap; releases discussion paper

Credit and Finance for MSMEs: While neo banks are also a potentially effective channel to achieve social goals like empowering the hitherto under-banked small businesses and enhancing trust among retail consumers, they have found achieving a balance between growth and profitability a challenge, the paper said.
Check the source here –Source, Financial Express.
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