'Govt needs to create strong regulatory body for NBFCs'

By Ankush Aggarwal,

"Avail Finance provides credit to borrowers in a space where a substantial credit gap exists by providing adequate and timely loans. The government needs to create a strong regulatory body for the non-banking financial sector to address problems like the liquidity crunch in the sector while boosting the confidence of lenders and borrowers. This will ultimately lead to easier credit for the poor and needy, in line with the government's plans for financial inclusion. In addition, we are also hoping to see some incentives for startups and an overall reduction in corporate tax."

The author is Founder at Avail Finance