“BharatPe goes all out lending to small businesses during COVID-19; aims to disburse ₹1,000 Cr in FY 20-21"
💸 BharatPe Targets ₹1,000 Cr Lending Push to Small Businesses Amid COVID-19 Crisis 😷📊
India’s fintech giant BharatPe has stepped up in a big way during the pandemic. At a time when small businesses were gasping for survival, BharatPe committed a whopping ₹1,000 crore to support MSMEs (Micro, Small & Medium Enterprises) in FY 2020-21.
This bold move wasn’t just about survival—it was a strategic push to become the go-to lending partner for kirana stores, retailers, and small entrepreneurs struggling during COVID lockdowns.
🧾 Quick Snapshot
| Feature | Details |
|---|---|
| 📌 Goal | ₹1,000 Cr disbursal in FY20–21 |
| 🏬 Target Audience | Small business owners & Kirana shops |
| 🔄 Loan Type | Collateral-free working capital loans |
| 📅 Timeline | April 2020 – March 2021 |
| 📉 Interest | Competitive rates with flexible terms |
🧠 Why It Matters for Small Businesses?
BharatPe’s lending initiative came at a critical time. Many small retailers, chai tapris, salons, and Kirana store owners lacked access to formal credit due to low or no documentation.
With BharatPe, they received:
✅ Instant approval
✅ Paperless loans via app
✅ No collateral required
💬 Ashneer Grover, BharatPe co-founder (then), said:
“We’re committed to making working capital accessible to the smallest of businesses, digitally and without paperwork.”
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📊 Pandemic Lending Surge: BharatPe vs Peers
| Company | FY21 Lending Target | Focus Area |
| BharatPe | ₹1,000 Cr | MSMEs, retailers |
| Paytm | ₹500 Cr | Merchants + users |
| Razorpay | ₹300 Cr | SMEs, Startups |
| Khatabook | Pilot | Digital ledger businesses |
BharatPe clearly led the charge 🚀
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📈 What’s Next?
As of now, BharatPe has evolved into a full-stack fintech platform, even acquiring a banking license through Unity Small Finance Bank.
But this COVID-era ₹1,000 Cr initiative?
It laid the foundation for what we now know as India’s MSME lending revolution.
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