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How credit line is redefining credit accessibility for millennials
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financialexpress.comWith the younger generation not very hesitant to avail credit for buying goods and services, along with traditional ways like bank loan and credit card, various new avenues are coming up to make credit readily available. Apart from credit card, buy now pay later (BNPL) etc, one of the lucrative options to get access to credit is credit line.
As the nation’s economy returns to pre-Covid levels, people venturing out for revenge travel and the ongoing wedding season, there is a resurgence of demand for credit across sectors.
To boost the demand further, the finance ministry has announced a massive nationwide credit outreach initiative worth Rs 63,574 crore to ensure credit to those who need it.
To satisfy these demands, financial institutions
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