L&T Finance Limited (LTF), a major Non-Banking Financial Company (NBFC) has surpassed Rs 25,000 crore in business financing in rural areas, demonstrating its commitment to empowering rural entrepreneurs and small business owners. The company has provided loans to over 1.4 crore rural women entrepreneurs, emphasizing financial inclusion and rural development. LTF's success is based on a data-driven approach, with key growth geographies being Bihar, Tamil Nadu, Karnataka, West Bengal, Uttar Pradesh, and Orissa.
L&T Finance is a firm with over 1,700 branches across 14 states which has expanded its reach to rural India, empowering women entrepreneurs through loans. The process involves submitting documents like identity, address, and income details. The Chief Executive Officer, of Rural Business Finance, LTF, Sonia Krishnankutty mentioned, "Reaching a size of Rs 25,000 crore is a significant milestone for our business. Our success is based on a data-driven approach that enables us to make effective lending decisions. The size of LTF's retail segment for the FY24 reached Rs 80,037 crore."
L&T Finance Limited, a Mumbai-based NBFC, offers various financing services including housing, personal, and microloans. They have made significant strides in rural business finance, providing loans to over 1.4 crore rural women entrepreneurs. L&T Finance focuses on personalized solutions, quick approvals, and minimal documentation, ensuring financial stability and credibility.
