North Eastern Development Finance Corporation Limited partnered with Veefin Solutions Limited to develop a comprehensive digital lending ecosystem aimed at improving credit access in the North-East region.
The initiative will introduce cloud-based systems including Loan Origination System, Loan Management System and Loan Collection System along with mobile applications and customer portals. Integration with credit bureaus and banking APIs is expected to streamline lending operations, improve efficiency and expand financial inclusion for businesses and individuals in the region.
APSC Relevance: Financial inclusion, digital economy and development of North-East India.
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