India will offer one lakh rupees loan to small traders at cheaper rates

India will offer one lakh rupees loan to small traders at cheaper rates

Merchant Service and the U.P.I. Payment App, India has announced a loan of up to Rs 1 lakh for a short period of time. Currently, around 7 lakh offline merchants in the country are using and accepting payment through it.



The trader can take a loan of 10 thousand to 1 lakh





In a statement issued on Wednesday, the company said that it is also planning to apply for its own borrowing license to lend to those traders, who have been accepting payment from the central bank for the last 3 months and through courier codes.



He said that Apollo Finvest has been partnered with the traders to provide short-term loans up to Rs 10,000 from one lakh rupees and efforts have been made to link new partners. The interest on this loan will be 1.67%. India currently uses about 7 lakh offline traders in the country and accepting payment through it.

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India will offer one lakh rupees loan to small traders at cheaper rates India will offer one lakh rupees loan to small traders at cheaper rates Reviewed by FLYING GUJJU on June 16, 2019 Rating: 5
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