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Lendingkart Fin, BASIX Sub-K tie-up for working capital loans

Press Trust of India  |  Mumbai 

Lendingkart Finance today said it has partnered with BASIX Sub-K, a subsidiary of BASIX Social Enterprise, to facilitate working capital loan to micro-enterprises.

Under the partnership, collateral free short term working capital loan would be given to the micro-enterprises empowered by BASIX Sub-K.

"We are looking forward to this partnership to simplify loan disbursal and enhance accessibility of working capital for lakhs of micro enterprises and contribute significantly towards creating a financially included society," Lendingkart Technologies CEO and co-founder Harshvardhan Lunia, said in a statement today.

BASIX Sub-K offers affordable, accessible and scalable financial payment solutions to informal and unbanked segments in the country. PTI HV


Star Health and Allied Insurance today said it has tied-up with insurance distributer Hero Corporate Service to enhance its distribution network.

Through their partnership the companies target to achieve a deep inroad in all parts of the country for a sizable footprint of health insurance policies going forward, the company said in a release issued here.

"We offer best products and services to all our customers and prospective customers and believe our association with Hero will further help in achieving this goal," Star Health and Allied Insurance Marketing Head Anand Roy said. PTI SM


NABARD Financial Services (NABFINS), a subsidiary of National Bank for Agriculture and Rural Development (NABARD), today said it has initiated its direct lending operations in Raigad in Maharashtra in partnership with Swades Foundation.

Swades Foundation is working on developing the local entrepreneurial ecosystem in Raigad focused on animal husbandry, food and agro-processing units, SHG based small and medium businesses.

"We believe in banking to the un-banked, providing them access to affordable financial services and the partnership between NABFINS and Swades would further this objective. The strong connect that Swades has with the community is a big facilitator," J K Mohapatra from NABFINS said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 02 2017. 20:03 IST