Fintech startups were seeking a level playing field for all players, support for peer to peer lending, NBFCs, and ease in credit flow with the Union Budget for the financial year 2022-23.

Rajat Gandhi, Founder & CEO, Faircent.com said "We have enabled individuals and MSMEs across the country by disbursing over Rs. 3,000 crore loans to date. Even during the complete lockdown, we were disbursing loans to creditworthy borrowers. Online P2P lending has emerged as a powerful source to bridge the existing credit gap.”

“Peer to peer lending is a successful model globally for alternate financing. RBI has recognized this innovation and has issued guidelines for the same. Now we need government's support to strengthen our contribution towards it's vision of financial inclusion," he added.

This quote first appeared in Zee News India. To read more, click on the link below:

https://zeenews.india.com/economy/budget-2022-fintech-startups-hope-for-support-for-nbfcs-peer-to-peer-lending-clarity-on-crypto-taxation-2429494.html