India's digital lending reaches 11cr loans while green finance rises
India's digital lending and green finance scene is taking off, powered by tech like Aadhaar eKYC and UPI.
Over 11 crore digital loans have already been given out, adding up to nearly ₹2.9 lakh crore.
As Kapil Garg from Mufin Green Finance puts it, these innovations are making borrowing easier for more consumers.
India's fintech transactions reach ₹68 trillion
Fintech isn't just about convenience; it's become a key part of India's economic engine, with transactions across lending, payments and neobanking reaching approximately ₹68 trillion.
Green finance (like loans for EVs, solar rooftops, and eco-friendly homes) is also on the rise as more people look for sustainable choices.
With EV sales rising nearly 17% in FY25 to 1.97 million units, demand for green financing is only getting stronger.