Money & Banking

Cash Suvidha plans to disburse loans worth Rs 1,000 crore in current fiscal

PTI New Delhi | Updated on July 10, 2019 Published on July 10, 2019

Rajesh Gupta, Founder, Cash Suvidha

Since its inception, Cash Suvidha has disbursed loans to over 49,000 SMEs and MSMEs

Cash Suvidha, which provides loans to small businesses, women entrepreneurs and individuals, Wednesday said it plans to disburse loans worth Rs 1,000 crore during the current fiscal.

The company said it had disbursed loans worth Rs 410 crore in the fiscal ended March 2019.

Cash Suvidha provides loans with a ticket size of Rs 50,000 to Rs 5 lakh for small and medium-sized enterprises (SMEs) and Rs 15,000-50,000 for micro, small and medium enterprises (MSMEs).

The company is focused on filling the gap of financial inclusion in various segments by providing easy loans, hence, enabling the market towards economic growth, Cash Suvidha founder Rajesh Gupta said.

“This financial year promises to bring even bigger opportunities for Cash Suvidha, and we are geared up for the same as we target to disburse nearly Rs 1,000 crore of loan amount,” he said.

Since its inception, Cash Suvidha has disbursed loans to over 49,000 SMEs and MSMEs.

Published on July 10, 2019
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