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NBFCs over Banks
NBFCs refer to entities that are not banks but provide services such as lending and other activities without holding a banking license One of the main reasons why people choose NBFCs over banks is due to lower costs Since the need for finance in the farming community is on the rise, banks alone cannot cater to the increasing demand, so NBFCs provide finance to both the public and private sectors...
Agri Equipment Finance
Agri Equipment Finance is a loan given to obtain business equipment that includes any tangible asset such as: farm equipment (except real estate) that would help borrowers boost farm produce, not having to worry about loan security It simply refers to a collateralized loan allowing farmers to purchase equipment, and once the loan is repaid, the borrower becomes the owner of that equipment At...