The peer-to-peer (P2P) lending market in India is a nascent one — with a rather modest size of about ₹300 crore. But it has the potential to scale up manifold. P2P platforms facilitate funds for borrowers who might not have got them from traditional sources such as banks, and the possibility of high returns for lenders who take on the risk of funding such borrowers. If run well, P2P platforms can improve financial inclusion in the country. Since the RBI’s October 2017 guidelines, P2P lending and borrowing have seen strong growth.

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