Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Fintechs pitch for dedicated Rs.1,000-Cr fund
Grappling with increased cost of capital and scarcity of funding, fintech companies have approached the finance ministry seeking a dedicated fintech fund to the tune of INR 1,000 crore.In a recent meeting with the finance secretary Tuhin Kanta Pandey - which saw participation from several industry stakeholders and lobby groups - the Digital Lenders Association of India (DLAI) sought a special fund dedicated toward providing subsidised capital only to small- and mid-sized fintechs.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.