Government to hold off on US$2.4-billion debt payment with Paris Club due Monday and will instead use a 60-day grace period to try to reach an agreement with the group and avert default.
Fintech lenders provide convenient credit access to a diverse set of consumers, including new to credit customers and other underserved sections. However amidst financial crunch and desperate times, borrowers need to be mindful towards identifying the legitimacy of lenders.
Since the first months of 2021, VBSP has been mobilising credit sources to timely disburse concessional funds to poor households and other policy beneficiaries.