ENA Sectors 2017-10-31 06:25:21 <p><strong>New Delhi, Oct 31 (KNN) </strong>Eyeing at facilitating credit to the Micro, Small and Medium Enterprises in the country, Digital Financial services provider - Payworld announced funds worth 250 crores earmarked for the small retailers and MSMEs.</p> <p>The loans are to be disbursed over the course of one year, Payworld informed in a press statement.</p> <p>The announcement by Payworld comes after the recent collaboration of the firm with Non-Banking Finance Companies (NBFCs) and digital lending platforms including ePaylater, Capital float and Happy loans.</p> <p>The collaboration between Payworld and other firms is expected to facilitate credit to the MSME sector.</p> <p>Also the cost at which the Micro, Small and Medium Enterprises are obtaining loan at present from the market is likely to reduce significantly.</p> <p>The MSMEs can apply for loan without offering a collateral, thus easing the entire process of credit, the press statement added. <strong>(KNN/DA)</strong></p> 18316 http://knnindia.co.in/news/newsdetails/sectors/payworld-to-disburse-loans-worth-250-crores-for-small-retailers-msmes 2017-10-31 06:25:21 knnindia.co.in