iSPIRT unveils priority sector lenders' body, to help small businesses

The Indian software products industry body iSPIRT has formed the Priority Sector Lending Association with UGRO and IIFL to promote lending to underserved sectors. The initiative aims to boost financial inclusion by supporting small businesses and startups in underserved industries. The partnership will focus on facilitating credit access to sectors with high growth potential, such as agriculture, healthcare, and education. The formation of this association is a step towards enhancing lending opportunities and ensuring that businesses in the priority sectors have the financial resources needed to thrive. The move aligns with broader economic goals for inclusive growth.