Tuesday, November 28

Looking For a Loan For Your SME or Startup, Try Cash Suvidha

It would not be an exaggeration to state that the SME sector is one of the most critical contributors to the growth of the Indian economy. In spite of its large size, and the vital role it plays in the country’s economy, the Indian SME sector suffers on account of adequate financial access. Lack of awareness, poor access to banking services, outdated data models, etc, force small businesses to cope with an unhealthy financial environment. As a result, many small businesses either close shop or rely on very expensive and complicated financing, largely from the unorganized lending sector.



Started in April 2016 in Delhi, Cash Suvidha has onboarded over 3,500+ borrowers and Ticket size of loan is Rs 10,000/- to upto 3 Lakh.

This online lending platform, was started with an aim to reduce the wait time and turnaround time for business loans in both urban and rural areas.

The team at Cash Suvidha is awesome sauce. They have been the guiding light in driving the ecosystem towards easier finance at competitive rates. They have given the much financial wings in making up many ventures and ideas come to life and become successful. While we are discussing at length about the talented team, it becomes equally important to discuss the front-runners, charioteers and leaders of the pack.

Having a vast experience of over 25 years in the Business & Financial Market, Mr. Rajesh Gupta is B.Com (Hons) from Delhi University. He is currently holding the position of Director in the company. Recognized for his top-notch knowledge and noteworthy ability, he is playing an important role in company management. His professional familiarity has helped the organization to establish new horizons, apart from enlarging the service range. Besides, his honest vision has helped us in mounting the clientele.



Mr. Anoop Garg, Co-Founder of Cash Suvidha hasThe platform enables users with a hassle-free operation, fast approval and quick disbursal. He has always been the consistent supporter of the enterprise. His dynamic experience of over 21 years in various capacities and domains has been a big plus for business’s functioning and operations.


Helping The Startup Industry: CASH SUVIDHA

But let us delve into some facts as to what is that spark in CashSuvidha which places it onto a whole together different level and on different plane than others.

Their four-Step process to gain funds is fascinating. Just apply anytime, upload your documents and disbursal: loan amount disbursed within 72 hoursPeople can apply anytime, upload their documents, and have the loan disbursed within 72 hours. The focus of the platform is on income sectors and providing working capital to women entrepreneurs, MSMEs, SMEs, and startups, Personal Loan, as well as the provision of invoice finance.

Cash Suvidha has an extensive range of Products- Entrepreneur Loan, Small Medium Enterprise Loan, Personal Loan and Invoice Finance. Their aid towards the segment of Women’s is appreciable and gives them an edge over others. The passionate team is also working on a technology through which Results can be obtained in real time (It includes Social Score, E-KYC, Human behavior & Credit Bureau CIBIL & Equifax.)

They have centers in remote areas with localities as employees, so they understand the needs better and may customize the loan product as per the need of the borrower. Additionally they are very prompt in accessing the loan requirement and the process disbursal is quick and responsive. The digital platform CashSuvidha serves as a clear cut demarcating factor in a step ahead to get easy loans at competitive rates coming your way

Cash Suvidha has come up with an opportunity to provide small and micro-empowerment loans with best-in-the-market interest rates. Here, they invite and inspire the unbanked as well as under banked women. These loans are specially designed for the deprived, discriminated and economically neglected women.

Promoting in various local groups, and providing readily available, and big chunks of money at sometimes no collateral or nominal rates of interest are really fostering their long way to fights odds and all the challenge. Additionally improving the macroeconomic conditions, higher credit penetration, increased consumption and disruptive digital trends will allow Cash Suvidha to grow at a healthy rate over next five years. 


Focus Area For The Future

For Cash Suvidha, the focus area currently lies in managing both the urban and rural credit requirements, thus benefitting the lower strata as well. The motive is to bridge the wide gap in the market and reach out to those who have no access to banks and financial institutions.Cash Suvidha aims to reach up to one lakh borrowers.