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First Loss Default Guarantee
June 20 , 2023
524 days
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- RBI has granted its approval for First Loss Default Guarantee (FLDG) framework.
- FLDG scheme allows Indian fintechs to partner with banks and NBFCs.
- This decision is seen as a big positive for data-tech NBFCs and fintechs.
- Further, the move will strengthen the digital lending ecosystem.
- It is an arrangement between Regulated Entities (REs) and Lending Service Providers (LSPs) or between two REs involving default loss guarantee (DLG), commonly known as FLDG.
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