"With the opening of its first branch in Pakur district of Jharkhand, VFS looks to leverage the growing business opportunities in this part of the country," VFS MD & CEO Kuldip Maity said.
This full-service rural branch will provide micro lending services to poor women in the area.
"We are looking at a steady growth and we hope the disbursement through our NBFC MFI business would be in the range of Rs 150 crore in the current fiscal.
"Entering Jharkhand is a part of our proposed growth plan. We are in the process of infusing more funds to support the projected growth," he added.
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