The Small Industries Development Bank of India (SIDBI) has partnered with VFS Capital to extend loans to the MSME sector.

Banking & Finance

The Small Industries Development Bank of India (SIDBI) has partnered with VFS Capital to extend loans to the MSME sector. VFS Capital will extend MSME loans upto Rs5 lakh at 13 percent interest rate per annum. The loan book of the MFI during 2022-23 is expected to be around Rs1,100-1,200 crore from Rs805 crore in the last financial year. VFS Capital expects to disburse Rs30-40 crore under the scheme this fiscal. The company is planning to expand its footprint in the north-western part by launching operations in Rajasthan by the end of January. At present, it operates in 13 states including West Bengal, Assam and Tripura.


      SIDBI Founded- 1990

      HQ- Lucknow

      Chairman and MD- Sivasubramanian Ramann

 

     


          ____________________________