Movable assets as collateral to boost financial inclusion
Published on: Wednesday 05 July 2023
The government is set to pass the Secured Transactions (Movable Property) Bill 2023, allowing moveable assets such as vehicles, machinery, furniture, electronic appliances, software, agricultural products etc to be used as collateral for loans – which experts say will increase financial accessibility for a broader range of people. However, they have emphasised the importance
News source: https://www.tbsnews.net/economy/banking/movable-assets-collateral-boost-financial-inclusion-660914
