New Delhi: CSC e-Governance Services India (CSC SPV) has crossed a milestone of Rs 3,000 crore in loan disbursals since July 2023, an official release said on Monday.The disbursal numbers mark a significant stride for financial inclusion under the Digital India initiative.
By supporting rural households and small businesses, the initiative has also promoted entrepreneurship, strengthened families, and boosted local economies."The programme has shown rapid growth, with disbursals of Rs 86 crore in FY 2023-24, Rs 1,631 crore in FY 2024-25, and Rs 1,300 crore till August 2025 in FY 2025-26," it said.
'Finance Firm Staff Not Liable For Suicide Over Loan Non-Disbursement': HCSo far, nearly 70,000 people have benefitted, of which many are first-time borrowers, seekers of small-ticket loans, and individuals from unbanked segments.Using the network of over 5.8 lakh Village Level Entrepreneurs (VLEs) and in partnership with Piramal Finance, CSC said it has enabled timely and affordable credit for underserved and marginalised communities in remote rural areas, through loans that are cheaper and more accessible compared to local lenders.
Sanjay Kumar Rakesh, MD and CEO, CSC SPV, said the milestone reflects shared vision of creating a digitally empowered society."By connecting rural citizens with accessible financial services, CSC and Piramal Finance are bridging the credit gap in underserved regions of India," Rakesh said.
Disclaimer: This story is from the syndicated feed. Nothing has changed except the headline.
You may also like
Kate Garraway 'mortified' by Celebrity Traitors stars' brutal comments behind back
Pep Guardiola's trusted ally tells him to QUIT Man City as clear reason given
Major reshuffle in J&K Police: 7 IPS, 14 JKPS officers transferred
Gogglebox fans in tears as Malone family pay tribute to 'beautiful' co-star after death
India vs West Indies, 2nd Test - Who will win today IND vs WI match?