ru24.pro
News in English
Декабрь
2024

Bridging the credit gap: The road to financial well-being in semi-urban, rural India

0
Over half of India's population, residing in semi-urban and rural areas, faces limited access to formal credit, forcing reliance on predatory lenders. High interest rates hinder economic growth. Transitioning to cash flow-based lending, leveraging data, and implementing risk-based pricing are crucial for expanding financial inclusion and promoting economic well-being.