Clix Capital aims to disburse INR1000 crore in unsecured MSME loans by the end of FY2023

Chandigarh, (Gurpreet) : Clix Capital Services Pvt Ltd (‘Clix Capital’) – one of India’s leading digital-lending NBFCs – announced that it aims to disburse INR 1000 crore in unsecured MSME loans to the underserved micro enterprises across India in line with the Company’s vision to simplify lending and enable financial inclusion. The offering is readily available to MSMEs in Delhi, Jaipur, Chandigarh, Mumbai, Pune, Ahmedabad, Bangalore, Hyderabad and Chennai. Having recently relaunched its operations in Jaipur and Ahmedabad, the lender plans on scaling up its operations to five additional cities by the end of this financial year.

“Working capital financing remains a major challenge for MSMEs across India, especially after the pandemic broke out. While digitalisation and pandemic-linked tailwinds have helped digitize the supply and demand side of digital lending significantly, smaller businesses in India still lack a formal digital footprint. At Clix Capital, this is precisely the gap we have been working tirelessly to bridge. Whatever be the business requirements of our consumers, whether for business expansion or working capital, we have this covered. Our customers range from manufacturers, retailers, wholesalers and even service providers since we service the entire spectrum of MSMEs. We have been focusing all efforts on aiding MSMEs in India to emerge strongly from this pandemic,” said Rakesh Kaul, CEO – Clix Capital.