DailyMirror.news,New Delhi, September 16, 2024: Piramal Capital & Housing Finance Ltd. (Piramal Finance), a subsidiary of Piramal Enterprises Ltd., has joined forces with Digital India’s Common Service Centers (CSCs) to enhance access to formal credit for underserved individuals and MSMEs across Bharat. This collaboration aims to bridge the credit gap in semi-urban areas by offering essential financial products like home and business loans.

In August 2024 alone, more than ₹100 crore was disbursed through this partnership, highlighting its impact on improving financial access in tier 2 and tier 3 cities. By utilizing CSC’s extensive network of over 6 lakh centers, this initiative seeks to support budget-conscious customers and advance financial inclusion across underserved regions.

Bairam Sridharan, Managing Director of Piramal Capital & Housing Finance Ltd., expressed, “This partnership marks a significant step in our mission to make credit more accessible for Bharat’s budget customers. By joining forces with CSC, we are creating financial opportunities in areas that have traditionally been overlooked, helping families and small businesses achieve their financial aspirations.”

Mr. Sanjay Rakesh, MD & CEO of CSC SPV, added, “CSCs, under the Government of India’s Digital India initiative, play a crucial role in providing financial services to rural citizens. Our collaboration with Piramal Finance aligns with our vision of financial inclusion, expanding our reach to underserved communities and supporting MSMEs.”

Through this initiative, Piramal Finance will expand its loan offerings to tier 2 and tier 3 cities, catering to the needs of first-time borrowers and underserved communities. Customers can easily apply for loans at their nearest CSC with basic documentation, ensuring a seamless and accessible process that fosters financial inclusion and sustainable growth.