Lendingkart Finance disburses loans to 1000 SMEs in Gujarat’s tier II and tier III cities

New Delhi, Apr 20 (KNN) Ahmedabad based digital lending platform Lendingkart Finance on Wednesday disbursed loans to over 1000 SMEs in the state.

It has reached out to SMEs in more than 40 cities, mainly across tier II and tier III cities in the state including smaller towns such as Morbi, Deesa, Junagadh, Nadiad and Bhavnagar among others.

The Gujarat Government recently announced the launch of a separate MSME cell to incentivize and encourage sector's growth in the state. One of the critical challenges that most SMEs face in the state is lack of easy access to working capital loans.

"Gujarat has witnessed phenomenal growth in past few years and SMEs have played a critical role in development of the state. However, access to working capital is important for the functioning of these SMEs and we, at Lendingkart Finance, are happy to address their need through convenient and timely disbursal of loans. With minimum human intervention and seamless automation, we have been able to reach some of the remotest corners of the state, empowering SMEs to run successful businesses through easy access of loans," said co-founder and COO Lendingkart Technologies, Mukul Sachan.

Lendingkart Finance is currently present in over 500 cities across the country and have partnered with over 100 channel partners to address the working capital need for lakhs of SMEs.