To initiate the loan application, customers will need to provide basic details such as PAN (Permanent Account Number), date of birth, and work details.
The company will also deploy three times its loan amount, through its own resources and other sources of funding, towards the same target beneficiaries over the next three years, IFC added.
During the current financial year, around Rs 16,000 crore worth of pre-approved personal loans (PAPL) have been disbursed to 12.82 lakh customers through Yono, Khara said.