Thursday, Aug 22 2019 | Time 17:17 Hrs(IST)
image
  • ICC appoints Jonathan Hall as General Counsel & Company Secretary
  • ICC appoints Jonathan Hall as General Counsel & Company Secretary
  • Stray crocodile around Andaman's Tourist Spot triggers concerns
  • Nigerian national held with cocaine worth Rs 1 50 cr
  • Digit Insurance forays into Bancassurance with Karur Vysya Bank
  • SC has given a broad outlook in drafting personal data protection law: Ajay Prakash Sawhney
  • Imran says "no point talking" to India: New Delhi affirms Pakistan must take action on terror
  • Medical negligence alleged as boy admitted with stomach pain given snake venom injection and dies, 8-month pregnant woman given wrong blood
  • Dahi Handi celebrations to be low-key affair owing to recent floods
  • Amazon fire turns 'day into night' in Sao Paulo
  • Rs 62,500 looted from Manager of Customer Service Centre of Rural Bank
  • Kashmir:Thousands of marriage functions cancelled in peak season, sector badly hit
  • First organ transplantation unit successfully commissioned at IGMC, HP
  • Communication gag badly affects life, revives letter writing trend in Kashmir
  • Kashmir: As thousands of marriage functions cancelled, people associated with the sector badly hit
States


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
Nitish suggests banks to open branches at Gram Panchayats

Nitish suggests banks to open branches at Gram Panchayats

22 Aug 2019 | 5:14 PM

Patna, Aug 22 (UNI) Bihar Chief Minister Nitish Kumar today called upon banks to open branches at all Gram Panchayats of the state to boost rural economy and assured banks of government`s all possible support for the purpose.

see more..
Kashmir:Thousands of marriage functions cancelled in peak season, sector badly hit

Kashmir:Thousands of marriage functions cancelled in peak season, sector badly hit

22 Aug 2019 | 5:11 PM

By Abid Bashir
Srinagar, Aug 22 (UNI) Unrest due to abrogation of Article 370 and Article 35 A has forced cancellation of thousands of marriage functions in Kashmir valley, badly affecting people associated with the sector, which has lost revenue to the tune of crores of rupees, according to sources.

see more..

Stray crocodile around Andaman's Tourist Spot triggers concerns

22 Aug 2019 | 5:06 PM

Port Blair, Aug 22 (UNI) A massive crocodile sighted frequently around Middle Andaman’s best tourist spot ‘Baratang Island’ has triggered concern from various section of Andaman society.

see more..

Nigerian national held with cocaine worth Rs 1 50 cr

22 Aug 2019 | 5:04 PM

Palghar, Aug 22 (UNI) A 31-year-old Nigerian national has been arrested for allegedly possessing 1.

see more..

Singreni Thermal Power plant achieves 91 74 pc PLF, stands fifth among nation's 25 power stations

22 Aug 2019 | 5:03 PM

Hyderabad, Aug 22 (UNI) Singareni Thermal Power Plant (STPP) situated near Jaipur at Mancherial district in Telangana state once again proves its mettle at the national level.

see more..
image