The company currently has 100 branches in eight states in north, central and west India, and also plans to significantly expand its presence and enter south India in the current financial year
Government-endorsed scheme is easier to access for small credit amounts
A source told Mint that Pai's total investment in the group might reach $300 million if the deal is finalised
Every business needs a loan to flourish and grow and the need is more if it is a new business or startup. The government has issued several loan schemes to help MSMEs. Check details below
Nearly Rs 1,900 crore in loans were distributed to MSMEs, with women-led businesses making up 24% of the loans disbursed
Understand everything you need to know about a small business loan and how it can aid in growing and supporting your small business.
The number of women borrowers grew at a CAGR of 15% during this period, that of male borrowers by 11%; share of women rose from 25% in 2017 to 28% in 2022
Majority of the women entrepreneurs face challenges in availing loan services from nationalised banks, according to a study. The study was conducted by Bharatiya Yuva Shakti Trust (BYST) and saw the participation of 450 women entrepreneurs from three cities -- national capital region, Chennai and Pune. During the study, it was also found that about 60 per cent of these entrepreneurs faced problems in accessing critical financial services. "Eighty-five per cent of women entrepreneurs faced challenges in availing loan services from nationalised banks," the study claimed. It was conducted during the course of a three-year BYST Women Entrepreneurship Development Programme to set up profitable businesses in Chennai, Pune, and Delhi-NCR. "Public sector banks are happy to welcome loan applications of BYST assisted, under-privileged entrepreneurs who are well-trained...and duly scrutinised by our expert panel before submission to the banks," Lakshmi Venkataraman Venkatesan, Managing Trust
Overall retail loans increased by 17% in 2015, says Equifax's India Consumer Credit Trends