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VFS launches SME lending across ten states
Kolkata, April 24 -- VFS, an RBI registered NBFC-MFI, has launched SME loan to reach out to huge underserved and most neglected sectors of economy and aims at reacing out to 1 Lakh MSME within 5 years span.
In line of diversify its product portfolio VFS has started financing SME sector upto a maximum limit of Rs. 25 Lakh with immediate effect.
With 20 years of experience in microlending VFS now takes a step forward to cater to a wider segment which contributes a significant percentage of the national GDP.
Commenting on the development, Dr Kuldip Maity, MD & CEO, VFS, said, "Availability of funding has always been a serious concern for SME sector. Reports on SME sector have shown the huge gap between demand and supply in fund accessibility....
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