Digitizing rural lending in India

Digitization Will be a Shot in the Arm for Rural Lending

The digital disruption in the financial sector over the past decade has not only simplified financial management but also improved financial inclusion. A McKinsey reportĀ¹ highlighted that despite rapid urbanization, the rural population is likely to form 63% of the total market share in India by 2025. The rapid adoption of digital technologies by various banks and other non-banking financial…

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