Mumbai
Acme Fintrade (India) Ltd., a two-decade old Non-Banking Finance Company (NBFC), a top executive, is developing a fintech-led digital lending platform to provide loan solutions for rural people under the brand name aasaanloans.com. Used to be. Told.
Nirmal Kumar Jain, MD.
“The platform will provide customized products like Aasan Vehicle Finance, Aasan Saral Udyog Loan, Aasan Mahila Udyog Loan, Aasan Farm Equipment Loan, Aasan Gruh Loan in their own language with end-to-end processing of loans that are done digitally. To name a few. ” He added
He added that the firm is at this stage of development upgrading its policies, procedures and guidelines and will use digital platforms to achieve scale.
“We are confident that Asanloans.com will be able to meet the diverse financial needs of the rural population and has the potential to be a meaningful player in the Indian rural credit sector,” he added.
The NBFC primarily operates in Southern Rajasthan and provides financial solutions to its customers in rural areas. It has increased its presence in rural areas of Gujarat, Madhya Pradesh and Maharashtra.
Stating that the demand for credit from the rural economy is increasing, he said there are still challenges like last-mile connectivity, linguistic barriers and lack of organized financial information for customers in these locations.
Emphasizing that regional NBFCs are transforming themselves in the present times, he said that these entities have a lot of information about their consumers which can be digitized and leveraged to enable intelligent lending options and cross-sells. prospects, optimum resource utilization and guaranteed profits.