Maximal Finance commits INR 52 crore in loans to empower Telangana’s Economy
Hyderabad: Maximal Finance, a pioneering player working toward financial inclusion, has achieved remarkable accomplishments by distributing loans exceeding INR 123 crore in total, with a significant portion of INR 52 crore being provided in the state of Telangana.
Mr. R. Vignesh, CEO of Maximal Finance, shared his profound contentment regarding the company’s outstanding achievements, particularly in Telangana. He emphasized, “Telangana is home to approximately 2.6 million MSMEs, with 56% located in rural regions and 44% in urban hubs. These businesses collectively generate employment for an impressive 363,488 individuals. In this era of digital transformation, convenient and speedy access plays a pivotal role in the success of any financial inclusion effort. The potential and possibilities are immense.”
According to a report by Invest Telangana, the state has achieved a remarkable record of entrepreneurial accomplishments, with 19,954 registered MSME units commencing operations since its inception. In order to support this flourishing sector, the Telangana State Industrial Infrastructure Corporation (TSIIC) has developed 28 industrial parks, covering a vast area of 2500 acres.
Mr.R. Vignesh reiterated, “Our capacity to attain these impressive outcomes in a relatively brief period underscores our unwavering dedication to both financial inclusion and an Atmanirbhar India. By harnessing the potential of technology, we aspire to efficiently connect with our customers and meet their financial requirements with the utmost convenience.”
Maximal Finance aims to reshape the existing model of financial partnerships within the MSME segment, propelling the country towards achieving its $5 trillion economy target by 2024.
