Cash Suvidha plans to disburse loans worth Rs 1,000 cr in current fiscal
11/07/2019 09:59

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 SMEs and Rs 15,000-50,000 for 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.