Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Grihum Housing Finance, in collaboration with the Central Bank of India, now offers competitive Loans Against Property (LAP) under the RBI's co-lending framework. This partnership aims to support MSMEs by bridging funding gaps crucial for their growth and economic contribution. Grihum's extensive network and understanding of semi-urban and rural markets complement Central Bank of India's affordable funding sources, enabling competitive interest rates for MSME borrowers. Simplified processes and dedicated support further enhance accessibility to capital, empowering businesses to invest, create jobs, and drive local economies. Grihum's financial performance highlights its commitment to fostering financial inclusion and supporting India's economic progress.
Grihum Housing Finance (formerly Poonawalla Housing Finance) has joined forces with Central Bank of India to offer loans secured by property (LAP) at competitive rates. This collaboration aims to bridge the funding gap often faced by MSMEs, empowering them to grow and contribute to India's economic development. Advertisement
This partnership leverages the Reserve Bank of India's co-lending framework. This innovative system combines the strengths of both institutions to provide better services and competitive interest rates to MSME borrowers.
Grihum Housing Finance has a strong presence in semi-urban and rural areas, boasting a network of 77,000 customers across 18 states and union territories. Their expertise lies in understanding the specific needs of borrowers in these regions, allowing them to offer tailored financial solutions.
Central Bank of India, a leading public sector bank, offers access to affordable sources of funding. This collaboration enables Grihum to offer competitive interest rates to MSME borrowers, making financial services more accessible and beneficial for these businesses.
Under this agreement, Grihum will act as the single point of contact for borrowers, simplifying the application process and providing ongoing support throughout the loan term. This streamlined approach eliminates unnecessary hurdles for businesses seeking to access much-needed capital.
Manish Jaiswal, Managing Director and CEO of Grihum Housing Finance, highlighted that small businesses, crucial to the economy, often face hurdles in accessing affordable funds. He emphasized that Grihum Housing Finance's co-lending agreement with the Central Bank of India aims to directly address this challenge. By providing competitive interest rates and a smoother loan application process, this collaboration can empower MSMEs to invest in growth, create jobs, and contribute to the local economy.
Grihum has a strong track record of supporting individuals and businesses in semi-urban and rural areas. Over the past six years, their Assets Under Management (AUM) have grown significantly, from INR 1,800 crore to INR 8,200 crore. Notably, Grihum disbursed INR 2,914 crore in loans last year. These figures demonstrate Grihum's dedication to helping hardworking Indians achieve their financial goals.
This partnership with the Central Bank of India is a significant step forward in supporting the growth of MSMEs. By making access to capital easier and more affordable, Grihum and the Central Bank of India are empowering small businesses to become the engines of India's economic development. This collaboration has the potential to unlock immense growth potential in semi-urban and rural areas across the country.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
