Wednesday, Apr 2 2025 | Time 08:51 Hrs(IST)
Business EconomyPosted at: Mar 24 2025 6:08PM


Shriram Fin strengthens SME portfolio in TN

Chennai, Mar 24 (UNI) Shriram Finance Limited (SFL) of 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, a SFL release here today said.
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.
SFL Deputy Managing Director Muruganandha Pandiyan said the SME sector is a vital engine of economic growth, contributing significantly to GDP and employment. 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.”
UNI GV
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