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TradeIndia Launches TI Lending For Indian SMEs

TI Lending will address the varied challenges faced by SMEs in the country. Capital denial is one of the major hurdles that is preventing SMEs from taking the entrepreneurial plunge

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TradeIndia, an Indian B2B firm on Wednesday launched TI Lending, a digital loan solution that will offer a complete digitised solution with zero paperwork and offers instant business loans up to 50 Lakhs with a disbursal time of 24 hours. 

The robust technology and holistic decision engine will allow firms access to safe and secure credit without any hidden fees or charges, the company said in a statement. 

TI Lending will address the varied challenges faced by SMEs in the country. Capital denial is one of the major hurdles that is preventing SMEs from taking the entrepreneurial plunge. 

"The idea behind introducing TradeIndia (TI) Lending is not just to offer SMEs the ease of doing business; it is majorly done to help them with much required financial assistance so they can pursue their growth strategies. India has approximately 63 million+ SMEs, accounting for 30 per cent of the country's GDP and generates 100 million+ jobs for both skilled and semi-skilled workforce. However, they have their own set of challenges, with 'capital gap' being the major of all," said Sandip Chhettri, CEO, TradeIndia.  

In the last five years, the credit gap in the country has increased. Small businesses which require quick access to working capital for their daily operations can have an impact on their earnings and profits in cases of any hindrances in attaining the same, it said. 

However, other problems such as payments delay which further lead to reduced investments and growth may arise. Resulting in risk aversion in the minds of entrepreneurs. TI Lending aims to address such varied underlying problems. 

Aditya Shankar, Business Head, Lending, TradeIndia said, "In keeping with the company's long-term vision to enable all SMEs to go digital, we are not only hand-holding them to grow their business but also extending credit facility to them now. Also being one of the oldest B2B e-commerce platforms with over 3 decades of experience, we understand SMEs’ business, transactions and behavior more than any other lender. Hence we thought of leveraging our expertise and introduced TradeIndia Lending which endeavors to create an ecosystem where it is a win-win situation for SMEs as well as lenders." 


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