Digital Footprint to help MSME get up to Rs 5 L loans from Muthoot FinCorp ONE

In a groundbreaking move, small businesses such as street vendors can now get loans of up to Rs 5 lakh from Muthoot FinCorp ONE just on the basis of the daily transactions they do using QR-code.

Muthoot FinCorp ONE, a strategic business unit and the digital platform of Muthoot FinCorp Ltd (MFL) will offer loans with daily repayment options to Micro, Small and Medium Enterprises (MSME) that use QR-code based apps for daily collections, the NBFC said in a statement.