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.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..