{"id":192,"date":"2020-08-20T16:48:34","date_gmt":"2020-08-20T16:48:34","guid":{"rendered":"http:\/\/13.234.66.145\/blog\/?p=192"},"modified":"2020-08-20T18:39:49","modified_gmt":"2020-08-20T18:39:49","slug":"fintech-lending-nurturing-sustainable-development","status":"publish","type":"post","link":"http:\/\/13.234.66.145\/blog\/index.php\/2020\/08\/20\/fintech-lending-nurturing-sustainable-development\/","title":{"rendered":"Fintech Lending &#8211; Nurturing Sustainable Development"},"content":{"rendered":"\n<p>The\nterm \u201csustainable development\u201d draws our focus towards the environmental and\nsocial issues that are challenging our development claims and the strategies we\nneed to adopt in order to attain sustainability. But there\u2019s another important\nissue which needs to be addressed in the path towards sustainability and that\nis \u201cFinance\u201d. Materialization of sustainable development plans is not possible\nwithout financial backing or it can be said that; for achieving sustainable\ndevelopment, a sustainable financial system is required.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"1024\" height=\"311\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/Banner-1-1024x311.png\" alt=\"\" class=\"wp-image-208\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/Banner-1-1024x311.png 1024w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/Banner-1-300x91.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/Banner-1-768x233.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/Banner-1.png 1400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>&nbsp;With the growing demand of sustainability, the\ndemand for quicker and hassle free financial services is rising too, especially\nfor start-ups and MSMEs which are the drivers of sustainable development. This growing\ndemand has led to the evolution of a new generation financial system that\ncombines finance with technology and is usually regarded as \u201cFintech\u201d. &nbsp;Fintech lending is gaining popularity in the\nworld of business as it has eased off the complexities of the age-old lending\nsystem of banks.<\/p>\n\n\n\n<p><strong>Drawbacks\nof traditional bank lending process:<\/strong><\/p>\n\n\n\n<ul><li><strong><em>Time consuming<\/em><\/strong><\/li><\/ul>\n\n\n\n<p>&nbsp;Traditional bank\u2019s\nlending service is highly time-consuming as it uses traditional methods for risk-assessment\nand analysis which further leads to delayed decision-making, especially for\nsmall business ventures and start-ups.<\/p>\n\n\n\n<ul><li><strong><em>Cumbersome\nprocedure<\/em><\/strong><\/li><\/ul>\n\n\n\n<p>The traditional banking requires a lot of documentation\nand multiple visits to the bank for approval of loans. The borrower needs to\nprepare a detailed and convincing business plan.<\/p>\n\n\n\n<ul><li>&nbsp;<strong><em>Higher Chances of rejection<\/em><\/strong><\/li><\/ul>\n\n\n\n<p>Despite fulfilling all the requirements and following the\nprocedure, the chances of loan being rejected are very high. Around 75% of\nbusiness loan applications are rejected by traditional banks.<\/p>\n\n\n\n<p>This type of lending system is not favourable for new business\nventures that involve innovation and unique business models as banks look at\nthem as risk factors, and are therefore turned down by traditional banks. However,\ninnovation and new-thinking form the pillars of sustainable development and\nplay the key role in the implementation of sustainable practices through a\nbusiness plan. According to a recent survey, India needs around $2.5trillion to\nmeet its climate-change actions by 2030.&nbsp;\nThe same survey reported that scarcity of financial resources remains\nthe biggest constraint in India\u2019s progress towards meeting the Sustainable\nDevelopment Goals. Fintech lending provides the perfect solution for\nsustainable business plans with unique needs and circumstances with the help of\nData science and technology. It works on the principle of peer to peer lending\nwhich bridges the gap between lenders and borrowers by connecting them through\na digital Platform. ESG investments have emerged as a popular trend over a past\nfew decades and fintech lending has made such investments easily accessible.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"553\" height=\"376\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/p2p.png\" alt=\"\" class=\"wp-image-193\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/p2p.png 553w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/p2p-300x204.png 300w\" sizes=\"(max-width: 553px) 100vw, 553px\" \/><\/figure>\n\n\n\n<p>Fintech lending has many advantages over traditional bank\nloans which are very helpful for implementing sustainable business practices <\/p>\n\n\n\n<ul><li><strong><em>Easy\naccessibility<\/em><\/strong><\/li><\/ul>\n\n\n\n<p>Fintech lending is easily accessible for all,\nirrespective of one\u2019s financial background as it operates through online\nplatforms and covers a large portion of population even in rural areas. <\/p>\n\n\n\n<ul><li><strong><em>Hassle-free<\/em><\/strong><\/li><\/ul>\n\n\n\n<p>Fintech lending does not require too much documentation\nand follows a simple and transparent procedure for lending.<\/p>\n\n\n\n<ul><li><strong><em>Use of\ntechnology<\/em><\/strong><\/li><\/ul>\n\n\n\n<p>Use of artificial intelligence and data science for\nrisk-assessment and analysis results in quicker and better decision-making. It\nuses alternate data, which is not directly related to a business plan, but is a\nhelpful tool for assessing overall risk.<\/p>\n\n\n\n<ul><li><strong><em>Quicker<\/em><\/strong><\/li><\/ul>\n\n\n\n<p>Fintech lending procedure is too fast and borrowers receive\nmoney instantly, this enables smooth running of a business.<\/p>\n\n\n\n<ul><li><strong><em>Lower\ninterest rates<\/em><\/strong><\/li><\/ul>\n\n\n\n<p>Peer to peer lending procedure lowers the rate of\ninterest, making it highly affordable.<\/p>\n\n\n\n<p>The accessibility, ease, flexibility and affordability\noffered by fintech lending are encouraging many sustainability-driven\ninnovations, fuelling India\u2019s Sustainable development program. The entire\nsupply chain of a business can be maintained through the advanced tools used by\nFintech lenders in their process. Fintech lending also provides the perfect\nbackdrop for the \u201cmake in India\u201d movement which is gaining tremendous\npopularity in the present context. The economies of nations across the globe\nhave been badly hit by the COVID-19 pandemic and the recent anti-China\nmovements are adding to the need to create new business spaces in India. India can\nmake most of this opportunity by encouraging sustainability driven start-ups\nand small business and power its sustainability strategy. Fintech lending would\nprove to be very helpful in this process by serving to the unique needs and\nspecial circumstances required for India\u2019s sustainable development program. The\nUN SDGs are an important tool for the practical implementation of\nsustainability practices. Some SDG targets can be directly linked to Fintech as\nit fulfils the conditions required to meet the targets. <\/p>\n\n\n\n<p><strong>SDG\nTARGETS&nbsp; WHICH CAN BE ALIGNED WITH\nFINTECH LENDING SERVICES<\/strong><\/p>\n\n\n\n<p><strong>GOAL-1 (NO POVERTY)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-1-300x300.png\" alt=\"\" class=\"wp-image-194\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-1-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-1-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-1-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-1-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-1.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><em>Target 1.4<\/em><\/strong>:\u00a0\u00a0 By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, natural resources, appropriate new technology and financial services, including microfinance.<\/p>\n\n\n\n<p><strong>Role of Fintech:&nbsp;&nbsp; <\/strong><\/p>\n\n\n\n<p>Studies reveal that 2billion\nadults, more than half of the world\u2019s working adults, are still excluded from\nfinancial services. These adults include women, low-income groups, and hard to\nreach&nbsp; individuals. The inclusive,\naccessible and affordable services offered by Fintech lenders would help in\nlowering this figure(2 billion) to a great degree.<\/p>\n\n\n\n<p><strong>GOAL-2 (ZERO HUNGER)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-2-300x300.png\" alt=\"\" class=\"wp-image-195\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-2-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-2-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-2-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-2-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-2.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><strong><em>Target 2.3<\/em><\/strong> :&nbsp;&nbsp; By 2030, double the\nagricultural productivity and incomes of small-scale food producers, in\nparticular women, indigenous people, family farmers, pastoralists and fishers,\nincluding through secure and equal access to land, other productive resources\nand inputs, knowledge, financial services, markets and opportunities for value\naddition and non-farm employment.<\/p>\n\n\n\n<p><strong><em>Target 2.A<\/em><\/strong>&nbsp; :&nbsp; Increase investment, including through\nenhanced international cooperation, in rural infrastructure, agricultural\nresearch and extension services, technology development&nbsp; and plant and livestock gene banks in order\nto enhance agricultural productive capacity in developing countries, in\nparticular least developed countries.<\/p>\n\n\n\n<p><strong>Role of Fintech<\/strong>:&nbsp;&nbsp; <\/p>\n\n\n\n<p>Fintech\u2019s&nbsp; digital platform has made its&nbsp; services easily accessible to&nbsp; farmers and other people associated with\nagriculture and farming, even in rural areas. most &nbsp;farmers in rural India depend on age-old\nsystems for their financial needs. These systems lack regularity and\ntransparency, and consequently affect agricultural productivity. Fintech\u2019s\naffordable, regular and transparent services &nbsp;would help farmers upgrade their techniques\nand ensure better food productivity.<\/p>\n\n\n\n<p><strong>GOAL-3 (GOOD\nHEALTH AND WELL-BEING)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-3-300x300.png\" alt=\"\" class=\"wp-image-196\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-3-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-3-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-3-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-3-1024x1024.png 1024w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-3-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-3.png 1536w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><strong><em>Target 3.8:<\/em><\/strong>&nbsp;&nbsp;&nbsp;&nbsp; Achieve universal health coverage,\nincluding financial risk protection, access to quality essential health-care\nservices and access to safe, effective , quality and affordable essential\nmedicines and vaccines for all.<\/p>\n\n\n\n<p><strong><em>Target3.b:<\/em><\/strong> &nbsp;&nbsp;Support\nthe research and development of vaccines and medicines for the communicable and\nnon-communicable diseases that primarily affect developing countries, provide\naccess to affordable essential medicines and vaccines.<\/p>\n\n\n\n<p><strong>Role of Fintech<\/strong>: <\/p>\n\n\n\n<p>Most health coverage plans are\nExpensive, complicated, stressful and time consuming, prohibiting people from\naccessing health care services. &nbsp;Easy and\naffordable services provided by Fintech companies are making health care\nservices and health coverage accessible for all.<\/p>\n\n\n\n<p><strong>GOAL-8\n(DECENT WORK AND ECONOMIC GROWTH)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-8-300x300.png\" alt=\"\" class=\"wp-image-197\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-8-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-8-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-8-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-8-1024x1024.png 1024w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-8-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-8.png 1536w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><em><strong>Target 8.3:<\/strong><\/em><strong>\u00a0PROMOTE POLICIES TO SUPPORT JOB CREATION AND GROWING ENTERPRISES<\/strong><\/p>\n\n\n\n<p>Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services.<br><em><strong>Target 8.2:<\/strong><\/em><strong>\u00a0DIVERSIFY, INNOVATE AND UPGRADE FOR ECONOMIC PRODUCTIVITY<\/strong><br>Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors.<\/p>\n\n\n\n<p><em><strong>Target 8.10:<\/strong><\/em><strong>\u00a0UNIVERSAL ACCESS TO BANKING, INSURANCE AND FINANCIAL SERVICES<\/strong><br>Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all.<\/p>\n\n\n\n<p><strong>Role of\nFintech:&nbsp;&nbsp; <\/strong><\/p>\n\n\n\n<p>SDG 8 is the area where Fintech has the most important role to play.\nIndia has the world\u2019s second largest unbanked population due to lack of\nfinancial-awareness, high-cost of banks and policy \u2013gaps. Fintech has the\npotential to overcome this barrier and &nbsp;provide\nfinancial support to a large portion of population. With unemployment at its\npeak in India, there is an urgent need to promote Entrepreneurship and\nStart-ups as employment providers. Fintech provides affordable and hassle-free\nloans for such business ideas and has already supported more than 2000 MSMEs\nand Start-ups in India.<\/p>\n\n\n\n<p><strong>GOAL-9 (INDUSTRY, INNOVATION AND\nINFRASTRUCTURE)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-9-300x300.png\" alt=\"\" class=\"wp-image-198\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-9-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-9-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-9-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-9-1024x1024.png 1024w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-9-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-9.png 1536w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><strong><em>Target 9.2: <\/em><\/strong>&nbsp;&nbsp;&nbsp;&nbsp;Promote inclusive and\nsustainable industrialization and, by 2030, significantly raise industry\u2019s\nshare of employment and gross domestic product, in line with national\ncircumstances, and double its share in least developed countries<\/p>\n\n\n\n<p><strong><em>Target 9.3:&nbsp; <\/em><\/strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase the access of small-scale\nindustrial and other enterprises, in particular in developing countries, to\nfinancial services, including affordable credit, and their integration into\nvalue chains and markets <\/p>\n\n\n\n<p><strong>Role of Fintech<\/strong>:&nbsp; <\/p>\n\n\n\n<p>Despite contributing 38% to\nGDP, MSMEs in India are struggling for financial stability. Only 10% of small\nbusinesses have access to formal credit in India. There is an urgent need of\nimproved financial services to promote their growth and stability , which can\nbe fulfilled with the quick and hassle free services, provided by Fintech.\naccording to a recent survey, an estimated 9.2 million MSMEs registered under\nGST would benefit from fintech in India and contribute to the Nation\u2019s GDP. <\/p>\n\n\n\n<p><strong>Apart from\nthese &nbsp;SDGs, Fintech has the potential to\nsupport some other SDGs as well, by providing financial assistance to the\nprojects aimed at meeting the targets of these SDGs.<\/strong><\/p>\n\n\n\n<p><strong>SDG\nTARGETS&nbsp; WHICH CAN BE SUPPORTED BY\nFINTECH LENDING SERVICES<\/strong><\/p>\n\n\n\n<p><strong>GOAL-4 (QUALITY EDUCATION)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-4-300x300.png\" alt=\"\" class=\"wp-image-199\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-4-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-4-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-4-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-4-1024x1024.png 1024w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-4-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-4.png 1536w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><strong><em>Target 4.A:<\/em><\/strong><strong>&nbsp;<\/strong>Build\nand upgrade education facilities that are child, disability and gender\nsensitive and provide safe, nonviolent, inclusive and effective learning\nenvironments for all<\/p>\n\n\n\n<p><strong><em>Target\n4.B:<\/em><\/strong><strong>&nbsp;<\/strong>By 2020, substantially expand globally the\nnumber of scholarships available to developing countries, in particular least\ndeveloped countries, small island developing States and African countries, for\nenrolment in higher education, including vocational training and information\nand communications technology, technical, engineering and scientific programs,\nin developed countries and other developing countries.<\/p>\n\n\n\n<p>\n \n \n<strong>GOAL-5\n(GENDER EQUALITY)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-5-300x300.png\" alt=\"\" class=\"wp-image-200\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-5-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-5-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-5-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-5-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-5.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><em>Target 5.A:<\/em><\/strong> \u00a0Undertake reforms to give women equal rights to economic resources, as well as access to ownership and control over land and other forms of property, financial services, inheritance and natural resources, in accordance with national laws<\/p>\n\n\n\n<p>\n \n \n<strong>GOAL-6 (CLEAN WATER AND\nSANITATION)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-6-300x300.png\" alt=\"\" class=\"wp-image-201\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-6-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-6-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-6-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-6-1024x1024.png 1024w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-6-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-6.png 1536w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><strong><em>Target\n6.A: <\/em><\/strong>&nbsp;By 2030, expand international\ncooperation and capacity-building support to developing countries in water- and\nsanitation-related activities and programs, including water harvesting,\ndesalination, water efficiency, wastewater treatment, recycling and reuse\ntechnologies<\/p>\n\n\n\n<p><strong><em>Target\n6.B: <\/em><\/strong>&nbsp;Support and strengthen the\nparticipation of local communities in improving water and sanitation management<\/p>\n\n\n\n<p>\n \n \n<strong>GOAL-7 (AFFORDABLE AND CLEAN\nENERGY)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-7-300x300.png\" alt=\"\" class=\"wp-image-202\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-7-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-7-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-7-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-7-1024x1024.png 1024w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-7-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-7.png 1536w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><em>Target 7.A: <\/em><\/strong><strong>\u00a0<\/strong>By 2030, enhance international cooperation to facilitate access to clean energy research and technology, including renewable energy, energy efficiency and advanced and cleaner fossil-fuel technology, and promote investment in energy infrastructure and clean energy technology<\/p>\n\n\n\n<p>\n \n \n<strong>GOAL-10\n(REDUCED INEQUALITIES)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-10-300x300.png\" alt=\"\" class=\"wp-image-203\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-10-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-10-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-10-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-10-1024x1024.png 1024w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-10-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-10.png 1536w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><em>Target 10.4: <\/em><\/strong><strong>\u00a0<\/strong>Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>GOAL-11 (SUSTAINABLE CITIES AND COMMUNITIES)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-11-300x300.png\" alt=\"\" class=\"wp-image-204\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-11-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-11-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-11-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-11-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-11.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><strong><em>Target 11.1:<\/em><\/strong>&nbsp;&nbsp;&nbsp; By\n2030, ensure access for all to adequate, safe and affordable housing and basic\nservices and upgrade slums<\/p>\n\n\n\n<p><strong><em>Target 11.2:<\/em><\/strong> <strong>&nbsp;<\/strong>By 2030, provide access\nto safe, affordable, accessible and sustainable transport systems for all,\nimproving road safety, notably by expanding public transport, with special\nattention to the needs of those in vulnerable situations, women, children, persons with\ndisabilities and older persons<\/p>\n\n\n\n<p><strong>GOAL-12 (RESPONSIBLE CONSUMPTION AND\nPRODUCTION)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-12-300x300.png\" alt=\"\" class=\"wp-image-205\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-12-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-12-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-12-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-12-1024x1024.png 1024w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-12-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-12.png 1536w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><em>Target 12.6: <\/em><\/strong><strong>\u00a0<\/strong>Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle<\/p>\n\n\n\n<p>\n \n \n<strong>GOAL-14 (LIFE\nBELOW WATER)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-14-300x300.png\" alt=\"\" class=\"wp-image-206\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-14-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-14-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-14-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-14-1024x1024.png 1024w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-14-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-14.png 1536w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><em>Target 14.7: <\/em><\/strong>\u00a0By 2030, increase the economic benefits to Small Island developing States and least developed countries from the sustainable use of marine resources, including through sustainable management of fisheries, aquaculture and tourism<\/p>\n\n\n\n<p>\n \n \n<strong>GOAL-15 (LIFE\nON LAND)<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-15-300x300.png\" alt=\"\" class=\"wp-image-207\" srcset=\"http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-15-300x300.png 300w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-15-150x150.png 150w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-15-768x768.png 768w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-15-640x640.png 640w, http:\/\/13.234.66.145\/blog\/wp-content\/uploads\/2020\/08\/SDG-15.png 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p><strong><em>Target\n15.A:<\/em><\/strong>&nbsp;Mobilize\nand significantly increase financial resources from all sources to conserve and\nsustainably use biodiversity and ecosystems<\/p>\n\n\n\n<p><strong><em>Target\n15.B:<\/em><\/strong>&nbsp;Mobilize\nsignificant resources from all sources and at all levels to finance sustainable\nforest management and provide adequate incentives to developing countries to\nadvance such management, including for conservation and reforestation<\/p>\n\n\n\n<p><strong>Environmental impact of Fintech lending<\/strong><\/p>\n\n\n\n<p>It is evident that Fintech\nlending has a major impact on sustainability through economic and social\nfactors, but it also has a little impact on the environment too.<\/p>\n\n\n\n<ul><li>Fintech lending operates entirely\nthrough digital platforms and there is no paper \u2013work involved, this minimizes\nthe use of natural resources.<\/li><li>Since the lending process is\ncarried out online, movement of people is not required at all. This enables\nsaving of fuel and the entire process is pollution-free. <\/li><\/ul>\n\n\n\n<p>With only a decade left to\nmeet the SDG targets, India needs to boost up its sustainability program and\nfor this purpose both MSME sector and Fintech sector need to grow, collaborate\nand contribute to the sustainable development of the Nation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The term \u201csustainable development\u201d draws our focus towards the environmental and social issues that are challenging our development claims and the strategies we need to adopt in order to attain [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[34,49],"tags":[],"_links":{"self":[{"href":"http:\/\/13.234.66.145\/blog\/index.php\/wp-json\/wp\/v2\/posts\/192"}],"collection":[{"href":"http:\/\/13.234.66.145\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/13.234.66.145\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/13.234.66.145\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/13.234.66.145\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=192"}],"version-history":[{"count":2,"href":"http:\/\/13.234.66.145\/blog\/index.php\/wp-json\/wp\/v2\/posts\/192\/revisions"}],"predecessor-version":[{"id":210,"href":"http:\/\/13.234.66.145\/blog\/index.php\/wp-json\/wp\/v2\/posts\/192\/revisions\/210"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/13.234.66.145\/blog\/index.php\/wp-json\/wp\/v2\/media\/208"}],"wp:attachment":[{"href":"http:\/\/13.234.66.145\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/13.234.66.145\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=192"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/13.234.66.145\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}