ENA Sectors 2020-05-01 06:38:38 <p style="text-align:justify"><strong>New Delhi, May 1 (KNN) </strong>In a bid to help corona affected Micro Small and Medium Enterprises (MSMEs), Happy, a digital lender has launched a 'Lockdown Loan'.</p> <p style="text-align:justify">The COVID-19 outbreak has deeply impacted the cash flow of all big and small businesses. Perhaps, the economic shockwaves have been felt the most by micro &amp;smaller businesses and they are in urgent need of financial assistance. We spoke to over 300 such MSMEs to understand their immediate financial &amp; health needs,'' said Manish Khera, Founder &amp; CEO, HAPPY in a statement. </p> <p style="text-align:justify">''Basis the feedback we quickly tuned around to design Lockdown Loan with full insurance cover against COVID, he added.</p> <p style="text-align:justify">The digital credit will provide them capital access of Rs 25,000 and Rs 50,000 with bullet repayment after 6 months. The Lockdown Loan comes with COVID-19 protection insurance, wherein full loan waiver is extended to the coronavirus infected.</p> <p style="text-align:justify">After interacting with nearly 300 MSMEs via a survey and understanding their sentiments and painpoints, the lockdown loan was designed.</p> <p><iframe frameborder="0" height="500" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 24979 https://knnindia.co.in/news/newsdetails/sectors/digital-lender-happy-launches-lockdown-loan-for-msmes 2020-05-01 06:38:38 knnindia.co.in