March 29, 2024 19:37 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi to kickstart BJP's Lok Sabha poll campaign from Meerut | Kangana Ranaut in Mandi: 'Don't think I am a heroine, consider me as your sister and daughter' | Mayawati, Akhilesh Yadav demand high-level probe into Mukhtar Ansari's death | PM Modi has mastered art of manipulating democracy, hurting Constitution: Mallikarjun Kharge | Mafia-turned-politician Mukhtar Ansari dies of cardiac arrest at 63
Village Financial Services starts operation in Jharkhand

Village Financial Services starts operation in Jharkhand

India Blooms News Service | | 30 Jun 2015, 08:30 pm
Kolkata, June 30 (IBNS): Village Financial Services Pvt Ltd (VFS) announces commencement of its operations in Jharkhand.

With the opening of its first branch in the state at Jharkhand in Pakur district, VFSPL looks to leverage the growing business opportunities in this part of the country.

The full-service rural branch will provide micro lending services to poor women residing in the district.

The 108th branch of VFSPL in the eastern India, was inaugurated by Kuldip Maity, MD & CEO, Village Financial Services Pvt. Ltd. in presence of other government officials and VFS plans to expand its presence in the region to reach out to the rural women with the objective to provide them financial support. 

In addition, the company also aims to raise its customer base from 135000 to 170000 poor households by the end of fiscal year 2015-2016.

Commenting on development Kuldip Maity, M.D & CEO, Village Financial Services said, “We are delighted to announce the starting of our operations in Jharkhand. We are looking at a steady growth and we hope the disbursement through our NBFC MFI business would be in the range of Rs. 150 crores in the current fiscal year. Entering Jharkhand is a part of our proposed growth plan.  We are in the process of infusing more funds to support the projected growth.”
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.