Facebook launches 'Small Business Loans Initiative' to offer loans up to Rs 50 lakh to SMEs
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Facebook India on Friday launched 'Small Business Loans Initiative' to help small and medium businesses (SMBs) that advertise on its platform to get quick access to credit through independent lending partners. India is the first country for Facebook where this programme is getting rolled out. The programme is open to businesses registered across 200 towns and cities of India.