What is Techade23

 To fulfil the need of urgent funds, a digital lending platform is being jointly created by the Federation of Indian Micro and Small & Medium Enterprises (FISME) and Eqaro Surety Pvt Ltd, provider of Financial Guarantees.

It will provide access to collateral free capital up to Rs 25 lakh to Micro and Small & Medium Enterprises (MSMEs).An MoU in this regard was signed by Prashant Patel, President FISME and Vikash Khandelwal, CEO of Eqaro in Delhi recently.

“Lending has traditionally been collateral based. This unique, first time in India initiative will help MSMEs get easier access to credit backed by a surety guarantee without the need to put up collaterals,” said CEO of Eqaro.