Facebook India Launches Small Business Loan Program to Help Small Businesses in India

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In an official statement, he said: “As part of our new partnership with Indifi, an online lending platform, Facebook can help you find and apply to Indifi for a loan that can help your business get through this time. hard. Facebook does not receive any income through this partnership. ”

Social media giant Facebook India launched the Small Business Loans Initiative on Friday to stimulate small and medium-sized enterprises (SMEs) that advertise on Facebook to gain stable access to credit using loan partners independent.

In an official statement, he said: “As part of our new partnership with Indifi, an online lending platform, Facebook can help you find and apply to Indifi for a loan that can help your business get through this time. hard. Facebook does not receive any income through this partnership. ”

With this program, India becomes the first country for Facebook where such an initiative is launched. Meanwhile, the program is open to companies registered in 200 cities across the country.

This latest move from the social media giant aims to pave the way for small entrepreneurs to easily access business loans. The program also aimed to reduce the credit gap in the MSMEs (micro, small and medium enterprises) sector in India.

Ajit Mohan, Managing Director (MD), Facebook India, took to Twitter and wrote: “With Facebook India’s new small business lending initiative, our partners can access timely credit. Thanks to Amitabh Kant and Uday Shankar for supporting us in our vision to help small businesses generate strong growth in India and around the world. “

Through this program, Facebook will not get any revenue share and MSMEs will not need to spend the loan proceeds on Facebook.

“By applying for a loan through our partner, Indifi, you will enjoy the following benefits if your application is accepted by them: INR 5 lakh – INR 50 lakh loans, whether for cash management or expansion, without collateral and fast process. If approved, get your loan within 3 business days after completing all paperwork. Apply unsecured through fast online application, “the official statement read.



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