Digital lenders seek measures to ease the liquidity situation in the budget

Online lenders, which are betting big on the unsecured personal loan segment, said that deduction in income tax rates can improve the demand situation

Fintech companies operating in the digital lending space are expecting measures in the Budget that they say will improve cash flow for small and medium enterprises (SMEs).
 
Steps to improve the liquidity position of digital lenders, which have seen a rise in cost of capital in the past year, will also activate the credit demand in the digital lending space, industry officials said.
 
“Facilitating debt flow to SMEs via digital lending non-banking financial companies (NBFCs) will help unlock capital for borrowers at the grassroots level,” said Gaurav Hinduja, co-founder and managing director (MD) at Capital Float. “Budgetary provisions