Pune: MSME sector lender Aye Finance is expanding its footprint in the state and has opened two new branches in Nanded and Bilaspur. The finance company now has 14 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 and Union Territories in India. Having recently restarted loan disbursal for MSMEs post-lockdown, the company has successfully established a strong connect with India’s thriving yet under served MSME sector and offers customized and innovative financial products and services to suit the business needs of India’s MSMEs.
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 under served when it comes to financial services. We have been serving the credit needs of the grassroots businesses in Maharashtra since 2019 and with the current expansion to the new cities, we will bring an even larger number of them into 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.