NEW DELHI
Independent business owners are borrowing money faster than big corporations, says a new reports. Total business debt reached nearly sixty-six lakh crore rupees, jumping fourteen percent this year. Surprisingly, individual entrepreneur loans grew nearly twice as fast as corporate loans over three years. These solo dreamers now hold over a quarter of all business debt, frequently using property, trucks, and unsecured loans to fund their shops. Non-banking financial companies are driving this change by issuing half of these personal business loans, helping small neighborhood startups thrive across India.
