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NBFCs are instrumental in driving economic growth by providing vital funding for infrastructure development, consumer loans, and business investments. Their diverse financial products cater to individuals and businesses alike, stimulating demand across various sectors. By offering credit to industries and financing large-scale infrastructure projects, NBFCs license help fuel both short-term consumer spending and long-term economic development. Their contribution is essential to sustaining and accelerating economic progress in growing economies.

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Discover more about common types of consumer loans!