ENA MSME 2022-01-19 06:40:06 <p><strong>New Delhi, Jan 19 (KNN)</strong> Lendingkart, a fintech company and government owned Canara Bank have entered into a co-lending agreement to provide MSMEs with up to INR 10 lakh loans.</p> <p>The approvals for loans will be given by Lendingkart2gthr platform derived on zero touch technology. </p> <p>This pact comes under the RBIs priority sector initiative, as our objective is to foster financial inclusivity by supporting MSME borrowers, said Canara Bank. </p> <p>Expressing Canara Banks efforts to improve the flow of credit to non-corporate sectors, Executive Director, Manimekhalai, said We will be offering loans to MSMEs under the MUDRA category on the digital platform.</p> <p>For same day approvals on business loans for MSME, Lendingkart will be using its cash-flow based underwriting model using zero-touch loan journey. </p> <p>For origination and distribution of loans xlr8 will be accessed, and to underwrite these loans cred8 will be used. </p> <p>MSME borrowers across India will be onboarded using Lendingkarts data, said Harshvardhan Lunia, Co-founder and CEO, Lendingkart.</p> <p>He stated that through this pact MSME borrowers will be connected to the banks for economic growth. </p> 28121 https://knnindia.co.in/news/newsdetails/msme/lendingkart-and-canara-bank-join-hands-to-push-msme-credit-offers-up-to-rs-10-lakh-loan 2022-01-19 06:40:06 knnindia.co.in