CURRENT AFFAIRS

Detailed explanation-1: -Small businesses-focused online lending platform Indifi Technologies has collaborated with Google Pay to provide instant loans to eligible medium, small and micro enterprises (MSMEs) merchants through the Google Pay platform.

Detailed explanation-2: -Indifi Technologies has collaborated with Google Pay to provide instant loans to eligible small merchants on the Google Pay platform. The biggest challenge that most small business owners face is working capital management and the speed of securing capital to manage it.

Detailed explanation-3: -Indifi is a Non-Banking Financial Company (NBFC) that provides business loans to Small and Medium Size Enterprises (SMEs) at an interest rate ranging between 15% - 24% annually.

Detailed explanation-4: -Alok and Siddharth, the two co-founders of Indifi have one simple mission: to help small businesses thrive.

Detailed explanation-5: -Social media giant Facebook launched Small Business Loans initiative that allows small and medium businesses to avail loans ranging from Rs 5 to Rs 50 lakh across 200 cities in India on August 20.