Rajasthan Sees 69% Growth in Small-Business Loans: Experian White Paper Highlights Fintech’s Role in Lending Expansion
Jaipur, January, 2025.
Rajasthan has witnessed an impressive 69% growth in business loans under ₹10 lakh, positioning the state as a key player in India’s growing small-ticket lending market, according to a new white paper by Experian India. The report, titled "Small is BIG: How Fintechs are Revolutionizing Lending," highlights Rajasthan’s lending growth during FY'24 compared to FY'23, showcasing the state's progress in financial inclusion through fintech-driven solutions.
Although personal loan growth in Rajasthan was modest at 3.5% for loans under ₹1 lakh, fintech companies have played a crucial role in transforming business lending.
In Rajasthan, 53% of the population has availed business loans under ₹10 lakh from fintech lenders, demonstrating the deep reach of digital lending...
