1. Bajaj Finance has big rural plan

Bajaj Finance has big rural plan

Bajaj Finance is taking its growing SME finance business into rural areas with the launch of micro SME fund targeting small towns and villages. The SME loan portfolio is growing 46%, which was at Rs 17,051 crore in Q3 FY15.

By: | Pune | Published: January 15, 2015 12:03 AM

Bajaj Finance is taking its growing SME finance business into rural areas with the launch of micro SME fund targeting small towns and villages. The SME loan portfolio is growing 46%, which was at Rs 17,051 crore in Q3 FY15. This is the fastest growing business of Bajaj Finance accounting for around 55 % of the assets under management. The SME loans include working capital loans and loan against property and currently this is done mostly out of urban areas.

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