Fintech in India
Potential/Significance
- FinTech for Financial Inclusion and Access: Globally, there is a growing realisation that while considerable progress has been made in the field of financial inclusion, digital technology can play an effective role in plugging the remaining gaps.
- FinTech in MSME Sector: Some FinTech firms have designated their business models to cater to this unserved section. Based on innovative methods of credit scoring, risk assessment and disbursement, the fintech firms have the potential to meet the needs of start-up SMEs.
- Agriculture (Lending and Insurance): With respect to agricultural sector nearly 40% of all loans came from informal sources with ....
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