Micro-finance institution (MFI) Village Financial Services (VFS) is expecting to double its disbursals during this fiscal to Rs 400 crore.
In the last fiscal, disbursals stood at Rs 200 crore, VFS Managing Director and CEO Kuldio Maity told reporters here.
Loan outstanding (loan book after deducting repayments) stood at Rs 170 crore, which was a 59 per cent growth since last fiscal's Rs 107 crore, he said.
The company was targeting to reach out to 20 states by 2020. It is also VFS was looking to start operations in Tripura by end of this month. In Sikkim, Odisha and Uttarakhand it is planning to expand operations by March, he informed.
VFS is also expecting capital infusion of Rs 10 crore from an NBFC, he added.
