The Reserve Bank of India has increased the lending cap for each individual lender from INR 10 Lakh to INR 50 LakhThe Reserve Bank of India has increased the lending cap for each individual lender from the INR 10 Lakh to INR 50 Lakh.

The announcement, industry experts say, will attract more funding for P2P platforms.

We had been asking the RBI to reconsider the limit on P2P lending since a long time.

New investment limit will attract HNIs to explore P2P lending as a new investment option.

Thanks to RBI, P2P lending sector will celebrate Christmas early this year,” Rajat Gandhi, founder and CEO, Faircent, said in a statement. | To read full story, visit https://startuparound.com/read/1575550806.3696818/Lending-Startups-Welcome-RBI-Decision-To-Increase-P2P-Lending-Cap?ref=audio_experience