Inditrade plans to foray into housing finance segment
Financial Services firm Inditrade Capital plans to foray into housing finance segment with focus on promoting affordable housing. To further cater to small businesses, he said, the company will soon foray into merchant cash advances (MCA) to help small businesses to meet their working capital requirement. Many small business are still out of bounds of formal credit, he said, adding that this space is available to NBFCs (non-banking financial companies). All the necessary approvals are in place for the roll out of the MCA business, he added. Inditrade forayed into micro-finance business last year. Its agri commodity finance business has touched hundreds of customers across all major commodity centres in the country.
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