Women-run MSME customers availed Rs 430 crore worth of loans accounting for a significant portion (24%) of overall loans (total disbursals of close to Rs 1,900 crore in FY 2023) to MSMEs, according to the NeoGrowth Impact Report 2023.
It also stated that over 2600 women-owned MSMEs availed business loans in the last fiscal.
Released annually, the 9th edition of the NeoGrowth Impact Report showcases the transformative influence of the company’s loans on the lives of MSME borrowers, alongside its commitment to sustainable business practices, digital integration and fostering an inclusive credit ecosystem while maintaining the highest level of governance. The data covered in the report pertains to FY 2022-23.