Aditya Birla Finance SME Platform Receives Immense Growth Over The Time

Aditya Birla Finance’s MSME platform Udyog Plus is receiving good response from the people. The platform has an impressive 8,00,000 users till now. While Aditya Birla Finance is also a subsidiary of Aditya Birla Capital Limited and is known for its fast finance access. The platform’s record-breaking performance has helped the MSME with a total loan of Rs. 500 Crore+ till now. Following are the details about Aditya Birla’s financial performance.

Aditya Birla Finance MSME Platform Disburses Over Rs. 500 Crores

Aditya Birla Finance MSME Platform Udyog Plus has 8,00,000+ users and Rs. 500 Crores given in loans to MSME. These funds by the Aditya Birla Finance MSME platform help in meeting the needs of the businesses in the form of unsecured business loans, merchant loans, supply chain finance, and daily working capital requirements. Aditya Birla Group helps a lot in funding this initiative. They contribute up to Two-thirds of the fund.

Udyog Plus not only provides financial assistance, but also provides the opportunity for businesses to network and increase their business. It also has an app that allows easy navigation and access to its various services. In the past few years, the credit facility for Small and Medium Enterprises increased. If we talk about the stats, the micro and small enterprises are having an increase of around 18.6% reaching 19.64 Lakh crores in April 2024.

On the other hand, if we talk about medium-sized organizations, they also increased by 16.5% in recent times. To conclude, Aditya Birla Finance’s MSME platform is gaining attention from all over the MSMEs for loans. The platform already provided Rs. 500 crores in loans in total where two-thirds of the funds are from the Aditya Birla Group itself. The main aim of the Udyog Plus is to target a larger section of MSME. Thus, it is collaborating with various sources to expand further. Digital Public infrastructure like OCEN and ONDC is also collaborating with the platform to make it better.

Aditya Birla Finance is among the leading finance industry. The company started in 1991. The MSME segment increased manifold in the past ten years. There are a lot of different schemes for MSMEs as well that provide loans to companies without collateral requirements. MSME contributes to almost half of the country’s economy. It projects further growth as the government also promotes foreign trade. We hope you get enough details about Aditya Birla Finance’s MSME platform Udyog Plus above. Stay tuned for more information on our website.