Jaipur, January, 2021.
In a major development, Aye Finance, India’s leading lender to the underserved MSME sector, is expanding its footprint in Rajasthan by opening 4 new branches in Rewari, NeemKa Thana, Niwai and Taranagar. With this, the fast-growing finance company now has 24 branches across the state and will have 211 branches Pan India by the end of the current financial year.
Founded with a vision to transform the micro and small-scale enterprise financing in India, Aye Finance is present across 18 States / Union Territories in India. Having recently restarted loan disbursal for MSMEs post the lockdowns, the company has successfully established a strong connect with India’s thriving yet underserved MSME sector and offers customized and innovative financial products and services to suit the business needs of India’s MSMEs.
Speaking on the new development, Sanjay Sharma, MD of Aye Finance said, “India’s MSMEs are undeniably the backbone of the economy. However, they require a constant inflow of credit and are unfortunately underserved when it comes to financial services. We have been serving the credit needs of the grassroots businesses in Rajasthan since 2015 and with the current expansion to the new cities, we will bring an even larger number of them in to the folds of organized lending bringing us closer to our goal of nationwide financial inclusion.”
Aye Finance also provides “beyond financing” support to the micro enterprises through its not for profit arm FAME (Foundation for Advancement of Micro Enterprises) and has become a strong partner in their journey towards new-age India.