Ujjivan Small Finance Financial institution has began to supply finance for small industrial automobiles.
The providing, as a part of the Raftaar Loans product combine, can be obtainable throughout the southern and jap areas, protecting States comparable to Karnataka, Tamil Nadu and West Bengal in section I of the launch.
The financial institution is planning to increase the providing pan-India in a phased method.
The financial institution has established its presence throughout 24 States and Union Territories.
Nitin Chugh, Managing Director and Chief Govt Officer, Ujjivan Small Finance Financial institution, stated the financial institution determined to foray into the Small Industrial Automobile funding phase after understanding the purchasers’ requirement and wish. “We’re taking all steps to assist and construct a deeper join.”
“The product combine for Raftaar loans embrace 2-wheeler and E-Three-wheeler loans. Additional for seamless industrial car possibility, we’ve tied up with OEMs comparable to Mahindra & Mahindra, Tata Motors and Ashok Leyland, amongst others,” he stated.