HDFC Bank teams up Ashv Finance with to enhance lending

11 Jun 2024 CW Team

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.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..