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‘Small Business Loans Initiative’—Facebook India and Indifi

Published on August 22, 2021
Current Context: Facebook India has launched the ‘Small Business Loans Initiative’.
‘Small Business Loans Initiative’—Facebook India and Indifi
  • The initiative was launched in partnership with Indifi, which is an online lending platform.
  • The initiative was first launched in India itself by Facebook.
  • Under the initiative, the SMBs (small and medium businesses) who promotes and advertise their businesses on the Facebook platform will be given quick access to loans through independent lending partners.
  • The initiative aims to provide quick access to business loans to the SMB owners, thus reducing the credit gap within India’s MSME sector.
  • The initiative is open to businesses registered across 200 cities and towns in India.
  • The SMB will get the loans at the interest rate of 17-20% per annum.
  • The SMBs who run their businesses through promotion on Facebook can apply for the initiative through a quick online application.
  • Static Part: 
    • HQ of Facebook: California, United States
    • CEO of Facebook: Mark Zuckerberg


Q.1 Which organisation launched the ‘Small Business Loans Initiative’?
a. SBI and UNDP India
b. Flipkart and HDFC Bank
c. Amazon India and NITI Aayog
d. Facebook India and Indifi

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