Saturday, Dec 14 2019 | Time 10:48 Hrs(IST)
image
  • HP: 100 stranded tourists, students at Kufri rescued
  • U-17 Football postpones due to anti-CAB movement
  • Tripura ex-minister’s bail rejected in HC
  • Anti-CAB agitation in Tripura: Tension continues in Kanchanpur and Gandacherra
  • US envoy for DPRK to visit S Korea, Japan amid tension
  • NSF calls 6-hour Nagaland bandh to protest CAB
  • Meghalaya CM meets Shah, demands ILP, Special Assembly session
  • Meghalaya CM meets Shah, demands ILP, Special Assembly session to be called
  • Curfew relaxed in Guwahati on Saturday
  • Clashes break out in central London after Conservative victory
  • Trump approved phase 1 trade deal ‘capitulation’ to China – US Senator
  • UN Security Council calls on Iraq authorities to probe violence against protesters
  • US has deployed 14,000 additional troops in Middle East since May, says Mark Esper
  • US-China phase 1 deal to be signed in first week of January - Senior US Official
  • US Promises 'decisive response' to any Iranian attack on Iraq - Pompeo
StatesPosted at: Apr 24 2018 6:14PM


VFS launches SME lending across ten states

Kolkata, Apr 24 (UNI) 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. We have a ready platform and a network across ten states and we are aiming at making SME lending a great success story for both VFS and small and medium entrepreneurs. ''
“With a healthy repayment rates in our micro lending experience, we are confident of creating a conducive entreprenural environment for aspiring new age businesspersons as well as existing SME leaders. We hope to reach out to one lakh MSME in a period of 5 years, which will lead to a GLP of more than Rs. 1000 Cr”, he added.
Village Financial Services Limited is a microfinance company registered as an NBFC under Reserve Bank of India under Section 45 IA.
Village Financial Services (VFS) has started Micro Finance Operations in the financial year 2005-2006 having its head office at Kolkata (West Bengal). Since then, VFS has grown and has touched the lives of many underprivileged and backward section of our society by providing them credit for income generating activities and helping them to become economically self sufficient, sensitizing women about empowerment issues and bringing about a qualitative change in them and their families related to standard of living & their own status in the society.
VFS is engaged in the business of lending to the women borrowers under Joint Liability Group (JLG) based individual lending model and is operating in rural and urban areas throughout West Bengal and eastern part of Bihar.
The main thrust of the Organization is to work with women who are socially and economically excluded from the mainstream financial services but are doing some income generating activities.
UNI SJC KK
More News
Tripura ex-minister’s bail rejected in HC

Tripura ex-minister’s bail rejected in HC

14 Dec 2019 | 10:45 AM

Agartala, Dec 14 (UNI) A single bench of high court of Tripura has refused bail to former PWD Minister of the left front government Badal Choudhury, who has been in the jail since past one and a half months on the charge of involvement in Rs 167 crore scam.

see more..
Anti-CAB agitation in Tripura: Tension continues in Kanchanpur and Gandacherra

Anti-CAB agitation in Tripura: Tension continues in Kanchanpur and Gandacherra

14 Dec 2019 | 10:37 AM

Agartala, Dec 14 (UNI) While anti-CAB movement in Tripura has cooled down after Joint Movement Against Citizenship Amendment Bill (JMAC) announced to continue the movement in democratic manner with continuous dialogue, tension in Kanchanpur of North Tripura and Gandacherra of Dhalai district is continuing.

see more..

Anti-CAB agitation in Tripura: Tension continues in Kanchanpur and Gandacherra

14 Dec 2019 | 10:15 AM

Agartala, Dec 14 (UNI) While anti-CAB movement in Tripura has cooled down after Joint Movement Against Citizenship Amendment Bill (JMAC) announced to continue the movement in democratic manner with continuous dialogue, tension in Kanchanpur of North Tripura and Gandacherra of Dhalai district is continuing.

see more..
Curfew relaxed in Guwahati on Saturday

Curfew relaxed in Guwahati on Saturday

14 Dec 2019 | 9:53 AM

Guwahati, Dec 14 (UNI) The ongoing indefinite curfew, which was imposed in the wake of protest against the Citizenship Amendment Bill, 2019 (CAB), has been relaxed in Guwahati from 7 hour to 4 pm on Saturday.

see more..

NSF calls 6-hour Nagaland bandh to protest CAB

14 Dec 2019 | 9:14 AM

Kohima, Dec14 (UNI) Normal life came to a halt this morning throughout Nagaland following a lightening call for a six-hour state-wide total bandh by the apex student body, the Naga Students’ Federation (NSF) to express resentment of the Naga people against the contentious Citizenship (Amendment) Bill (CAB), which it said, was passed in the Parliament much against the interests and the sentiments of the indigenous people in the North East states.

see more..
image