Finance · NBFC and MSME
How do Non-Banking Financial Companies (NBFCs) traditionally support MSMEs in accessing credit compared to traditional commercial banks?
- 1By offering shorter repayment cycles with higher mandatory processing fees.
- 2By focusing financial assistance solely on large public sector units.
- 3By offering customized loan products with flexible, minimal collateral requirements and simplified processes.✓
- 4By providing loans exclusively secured by high-value real estate collateral.
Correct answer
By offering customized loan products with flexible, minimal collateral requirements and simplified processes.
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