Introduction The Union Budget of India, presented annually by the Finance Minister, outlines the government’s fiscal plans, including income, expenditure, and investment strategies. Among the various provisions, one of the most significant aspects of the Budget is the announcement of loan schemes. These schemes aim to drive economic growth by empowering individuals, small businesses, and […]
Introduction Peer-to-peer lending has become the game changer in the changing landscape of finance. It is only by directly connecting borrowers with lenders through digital platforms that P2P lending has made it both easier and possible to provide an alternative source of funding besides the traditional banking systems. This innovation is rewriting the way people
Introduction Reserve Bank of India (RBI) is often called the corner pillar of Indian financial stability and progress in the economy. It is the hub as central bank to which goes its high influence over the country’s monetary and credit systems. Among its myriad responsibilities, the management of loan interest rates through monetary policies is
Introduction The digital revolution has touched almost every industry. The financial sector is no different. The transformation in finance comes in the form of digital lending, which is changing the very way loans are obtained. A combination of technology and financial services, digital lending has brought unparalleled speed, convenience, and access to the loan market.
Introduction The loan industry forms the backbone of modern economies as it provides capital access to people and businesses to fund home purchases, education, business expansion, and other activities. The sector has seen many transformations in recent years because of the advancements in technology, changing consumer behavior, and the nature of the world economy. Let’s