Mahan Industries Launches Digital Lending Platform 'Credit Mines'

Mahan Industries Ltd has launched 'Credit Mines', a comprehensive digital lending platform offering personal loans and other credit products. The platform operates entirely digitally, requiring no physical presence and using cashless transactions. It leverages India's public digital infrastructure, including digital KYC, video KYC, account aggregator framework, and e-signing, along with data analytics for credit assessment. This strategic expansion into digital financial services is expected to contribute to the company's future growth by diversifying revenue streams and expanding its customer base. The lending operations will comply with RBI's Guidelines on Digital Lending.