Telangana : Godrej Capital, the financial services arm of the Godrej Industries Group, through its finance and housing finance subsidiaries (Companies) executed a Memorandum of Understanding (MoU) with the Government of Telangana. This strategic partnership aims to accelerate the growth and development of MSMEs across the state by fostering greater access to credit and business opportunities.
Under this MoU, the Government of Telangana and Companies will work closely to drive large-scale MSME credit penetration across the state. The partnership aims to strengthen the MSME ecosystem by enabling improved access to formal credit, particularly for underserved and first-time borrowers. With a focus on digital-first lending solutions tailored to the unique needs of MSMEs, the initiative aligns with the state’s vision of inclusive, innovation-led growth. Through Godrej Capital’s women-focused initiative – Aarohi, special emphasis will be placed on supporting women entrepreneurs. This collaboration seeks to bridge the credit gap, foster entrepreneurship, and accelerate economic growth across emerging business hubs in Telangana.
Telangana is one of India’s fastest-growing states, known for its dynamic business ecosystem and strong commitment to MSME development, further reinforced by the MSME Policy 2024, which emphasizes credit access, digital adoption, and infrastructure support.
Manish Shah, MD & CEO of Godrej Capital said, “We are honoured to partner with the Government of Telangana, which has demonstrated remarkable commitment to building a thriving MSME ecosystem. This collaboration is a strong step towards empowering the MSME ecosystem, especially women-led enterprises. Telangana remains a key priority market for us to empower and enable growth-led avenues for small-scale businesses. With our tech-enabled lending and quick approvals, we aim to unlock new growth opportunities for MSMEs across Telangana, especially women-led businesses.”
Dr. Jayesh Ranjan, Special Chief Secretary, Industries & Commerce Department added, “We are pleased to collaborate with Godrej finance Ltd. and Godrej Housing Finance Ltd., both subsidiaries of Godrej Capital Ltd., for providing innovative, digital-first lending solutions and tailored financial products to our local MSMEs, especially women entrepreneurs. Our government through the recently launched MSME Policy has committed to exploring such partnerships with Financial Institutions for increasing access to credit for the underserved MSMEs, and this MoU is a step in that direction.”
Godrej Capital through its subsidiaries offers a diverse suite of loan products to meet the varying needs of MSMEs and individual borrowers. These include offerings such as Loan Against Property, smaller-ticket Udyog Loan Against Property, and unsecured Business Loans.
