Unlocking Credit For Small Businesses With Blockchain

Conclusion

DeFi lending has the potential to revolutionize the way credit is extended to micro-enterprises in India. By using blockchain to bypass conventional bottlenecks, it facilitates potential for quicker, more inclusive, and cheaper lending. There are challenges to overcome with regulation, security, and awareness, but the platform is being set for a more decentralized and open financial system. For India’s millions of micro-businesses, DeFi can be the unlock on the credit they can tap to expand and flourish.