HDFC Bank teams up Ashv Finance with to enhance lending
ECONOMY & POLICY

HDFC Bank teams up Ashv Finance with to enhance lending

HDFC Bank, a prominent as initiated a collaborative effort with Ashv Finance, a non-banking financial company affiliated with the Aavishkaar Group, specialising in impact investing. This initiative aims to improve credit accessibility for micro and small enterprises (MSEs).

Under this agreement, Ashv Finance will extend unsecured business loans, ranging from Rs 2 million to Rs 5 million, to eligible MSEs. Repeat customers may qualify for loans up to Rs 7.5 million. The loan terms will vary from 12 to 36 months.

Nikesh Kumar Sinha, the Managing Director of Ashv Finance, praised the partnership, emphasising that it validates their data-driven approach to underwriting MSME businesses. He highlighted that this collaboration contributes to the 'Make in India' initiative by offering credit to MSMEs nationwide.

These unsecured business loans are tailored to support various aspects of MSME operations, including infrastructure investments, working capital needs, acquisition of new equipment, technology integration, and covering overhead expenses like salaries, rent, and office costs.

To be eligible for these loans, MSMEs must have a minimum operational history of three years, with an annual turnover ranging from Rs 30 million to Rs 1billion. They are also required to furnish GST and income tax returns for the preceding three years.

Raveesh Bhatia, the Group Head of the Emerging Corporates Group at HDFC Bank, expressed confidence in the partnership, stating that it aims to enhance financial inclusion for underserved customers, empowering individuals and businesses to achieve their goals.

Ashv Finance has been actively seeking co-lending partnerships to strengthen its MSME lending capabilities.

HDFC Bank, a prominent as initiated a collaborative effort with Ashv Finance, a non-banking financial company affiliated with the Aavishkaar Group, specialising in impact investing. This initiative aims to improve credit accessibility for micro and small enterprises (MSEs). Under this agreement, Ashv Finance will extend unsecured business loans, ranging from Rs 2 million to Rs 5 million, to eligible MSEs. Repeat customers may qualify for loans up to Rs 7.5 million. The loan terms will vary from 12 to 36 months. Nikesh Kumar Sinha, the Managing Director of Ashv Finance, praised the partnership, emphasising that it validates their data-driven approach to underwriting MSME businesses. He highlighted that this collaboration contributes to the 'Make in India' initiative by offering credit to MSMEs nationwide. These unsecured business loans are tailored to support various aspects of MSME operations, including infrastructure investments, working capital needs, acquisition of new equipment, technology integration, and covering overhead expenses like salaries, rent, and office costs. To be eligible for these loans, MSMEs must have a minimum operational history of three years, with an annual turnover ranging from Rs 30 million to Rs 1billion. They are also required to furnish GST and income tax returns for the preceding three years. Raveesh Bhatia, the Group Head of the Emerging Corporates Group at HDFC Bank, expressed confidence in the partnership, stating that it aims to enhance financial inclusion for underserved customers, empowering individuals and businesses to achieve their goals. Ashv Finance has been actively seeking co-lending partnerships to strengthen its MSME lending capabilities.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?