 "RBI Proposes Same-Day Loans for Vendors: A Bold Step Toward Inclusion")
RBI Proposes Same-Day Loans for Vendors: A Bold Step Toward Inclusion
The Reserve Bank of India (RBI) is encouraging fintech companies to consider offering “same-day” loans specifically designed for street vendors and hawkers. These loans would allow borrowers to receive and repay funds within 24 hours, aiming to enhance financial inclusion for individuals at the lower end of the economic spectrum. However, sources indicate that interest ...
