The company said it aims to disburse targeted loans by March Digital financial services firm Paytm on Monday said it aims to disburse loans worth Rs 1,000 crore to merchants by March. The company said it will continue to offer collateral-free loans under the ‘Merchant Lending Program’ to Paytm for Business app users. “We will be enabling loans of Rs 1,000 crore to businesses based on the data we have on our 17 million merchants. These loans would help them digitise their business and diversify their operations, to improve their efficiency and support them to join the Digital India mission,” Paytm said in a statement. The company said it aims to disburse targeted loans by March. Paytm works out the credit worthiness of each merchant based on daily transaction patterns and then offers them a collateral-free loan in partnership with non-banking finance companies and banks. “The company has today reaffirmed its commitment towards the growth of MSMEs by expanding collatera...