The Reserve Bank of India has made it mandatory that the aggregate exposure by an investor across all Peer to Peer Lending Platforms should be less than or equal to Rs. 10,00,000 and the total exposure of a lender to a single borrower should be less than or equal to Rs. 50,000.
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Success Story of Pooja Ambiga
Meet Pooja Ambiga a bachelor in arts student who attends college in the days and in the evening stitches clothes. The income she earns from her evening job gives goes to her education. She is also trying to save some money to pursue higher education and dreams that one day she will end up working in a major city of India. "I want to work in a big city and in a big office,"Pooja said. "It will depend on my family, whether they will let me pursue higher education and work in a big city on my own, but these earnings will help me push for my dreams." Pooja has taken the loan to buy a new sewing machine and more fabric to make her bigger dreams come true.