The News Scroll 31 July 2018  Last Updated at 6:34 pm | Source: ANI

Happy Loans to disburse 7 lakh MSME loans by end of 2020

Happy Loans to disburse 7 lakh MSME loans by end of 2020
outlookindia.com
1970-01-01T05:30:00+0530

New Delhi [India], July 31 : Happy, an innovation-driven working capital fulfilment platform for Indian MSMEs has unveiled its growth projection and roadmap for the next two years.

The platform projects disbursing more than 7 lakh loans to microenterprises operational across all key geographies of the country.

"At Happy Loans, we intend to bring a complete reversal of the order and extend the merits of our fast-growing economy to the bulging bottom of the pyramid, i.e. smaller businesses. This is our vision for India and microenterprises catering to its market," said founder and CEO, Happy, Manish Khera.

"By 2020, we will disburse about 7 lakh loans to MSMEs as our in-house projections indicate. This will help these MSME businesses to fulfil their working capital needs and to avail emerging business opportunities within the market. We are confident that Happy Loans, with its unique approach, will be successful in bringing the desired level-playing field for underserved businesses in India," added Khera.

At present, the platform has disbursed more than 18,000+ MSME-based merchants loans. The platform also has over 15 partners onboard, giving it an access to over five million merchants across the country.

Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds.
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