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Veritas Finance aims to disburse Rs 500 crore in West Bengal

Press Trust of India  |  Chennai 

company Finance today inaugurated its 100th store at Burdwan in as part of a plan to disburse Rs 500 crores in the region over the next two years.

The company, which opened 25 branches last year, had disbursed Rs 75 crores in

With the new store, the company is targeting Rs 500-crore disbursement.

of inaugurated the store.

"With the strong micro, small and medium enterprises (MSME) sector in place, offers scope to large industries too to grow. Our 100th branch in the third year of operations reflects our commitment to provide sustainable and accessible financing option," managing director and chief executive officer of Finance Arulmany D said.

"In the years to come, we will expand our footprint across the country to address the business expansion and working capital needs of MSME customers.", he said.

Finance is currently present in seven States and in a union territory serving 17,500 customers, the statement added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 23 2018. 15:00 IST