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Facebook Aims To Close India's SME Credit Gap. But Is It Enough?
Facebook's SME credit is more a marketing initiative than a digital lending push.
27 Aug 2021, 07:30 AM IST
Facebook Inc. will offer its platform to India's digital lenders for extending loans to small businesses. But the move, according to industry experts, would do little to push online lending in the country, unless the social media giant does more than just marketing loans.Last Friday, Facebook announced that it will offer loans to small businesses which advertise on its platform through a non-bank lending partner Indifi Technologies P...
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