Shriram Finance Strengthens SME Portfolio in Tamil Nadu

Shriram Finance Limited (SFL), the flagship company of the Shriram Group, has recorded an impressive Rs. 8,938.61 crores in its SME loan portfolio in Tamil Nadu. This growth reflects the increasing demand from small industries across sectors such as manufacturing, spare parts production, construction, and hospitality.

The company is expanding its branch network, enhancing marketing efforts, and prioritizing digital lending to professionals and business owners. Looking ahead, SFL anticipates continued growth in the SME lending segment, with businesses becoming more financially aware thereby capturing a larger market share with its targeted lending strategy and customer-centric approach.

Mr. Muruganandha Pandiyan, Deputy Managing Director, Shriram Finance Limited, said, "The SME sector is a vital engine of economic growth, contributing significantly to GDP and employment. At Shriram Finance, our focus remains on expanding credit access to SMEs, empowering production units, industrial manufacturers, transport operators, and the unorganized sector. With the government's continued emphasis on financial inclusion, digital transformation, and credit facilitation through initiatives like CGTMSE, SMEs are set to grow further, enhancing their competitiveness and resilience in a dynamic economy."

With a strategic and growth-driven approach, SFL continues to solidify its leadership in the SME lending space, supporting entrepreneurs and businesses across Tamil Nadu.

Source : Equity Bulls

Keywords

ShriramFinance SMELoanPortfolio TamilNadu