Published On: Tue, Oct 6th, 2020

Aye Finance restarts loan disbursal for MSMEs ahead of the festive season

Jaipur, October, 2020.

Aye Finance, an RBI registered NBFC that has made affordable credit a reality for the historically ignored sector of micro enterprises, started its Rajasthan operations in 2015and since then has been providing customized business loans to power the growth of millions of grassroots businesses in the State.  

Driven by a vision of making credit accessible to India’s growing MSME sector, the backbone of the country’s economy, Aye Finance has been dedicated to serving its cause and has an impressive growth story. The company has 16branches in Rajasthan and 173 branches Pan India and employs over 3200 employees. Since its inception, the lender has provided business loans worth over INR 3000 crores to over 2,30,000 micro enterprises. 

To assist micro-enterprises across the country in achieving a continuous inflow of funds, particularly during the festive season, the leading MSME lender has now resumed lending to the segment that has historically been ignored by formal lending channels. Aye’s affordable business loans will help MSMEs regain business continuity that was lost during the pandemic and the subsequent lockdowns.

Speaking on reopening lending to the segment, Sanjay Sharma, Managing Director, Aye Finance said, “MSMEs have been one of the hardest hit due to the pandemic and the overall economic disruption, making easy access to a regular inflow of funds more critical for them to revive their businesses. Additionally, to meet the surge in demand during the festival season, MSMEs require funding now more than ever. We aim to help them get back on their feet as the world slowly returns to normalcy.”

Aye was incepted to transform micro enterprise lending in India and to has now started its Not for Profit company FAME (Foundation for Advancement of Micro Enterprises) to provide “beyond financing support” also to these businesses.

Live Updates COVID-19 CASES