Godrej Capital, the financial services arm of the Godrej Industries Group, has signed a Memorandum of Understanding (MoU) with the Government of Telangana. This agreement was made through its finance and housing finance subsidiaries.
The main goal of this partnership is to promote the growth of Micro, Small, and Medium Enterprises (MSMEs) in Telangana. It aims to improve access to credit and business opportunities for small businesses across the state.
As part of the agreement, both the Telangana government and Godrej Capital will work together to increase credit availability for MSMEs, especially for first-time and underserved borrowers. The initiative will use digital lending tools and focus on supporting women entrepreneurs through Godrej Capital’s women-focused program, Aarohi. The collaboration hopes to boost entrepreneurship and support economic development in Telangana’s growing business hubs.
Telangana is one of India’s fastest-growing states, known for its strong support for MSMEs. The state’s recently launched MSME Policy 2024 focuses on improving credit access, encouraging digital tools, and strengthening business infrastructure.
Manish Shah, Managing Director and CEO of Godrej Capital, expressed his excitement about the partnership. He said the company is committed to helping MSMEs grow, with special attention to women-led businesses. He added that Telangana is a key market for Godrej Capital, and their tech-based lending will help unlock new opportunities for small business owners.
Dr. Jayesh Ranjan, Special Chief Secretary of the Industries and Commerce Department, also shared his support for the partnership. He said the collaboration with Godrej Capital will help bring innovative and digital financial products to local MSMEs. He emphasized the government’s focus on increasing credit access for small businesses, especially those led by women.
Godrej Capital offers a variety of loan products to meet the needs of both MSMEs and individual borrowers. These include loans against property, small-ticket business loans, and unsecured business loans.
About Godrej Capital:
Godrej Capital is the financial services branch of Godrej Industries Group. It is the parent company of Godrej Housing Finance Limited and Godrej Finance Limited. Godrej Housing Finance provides home loans, including options for affordable housing. With a focus on digital services and customer-friendly products, Godrej Capital offers home loans, business loans, and loans against property.
The company is committed to building a long-term and trustworthy financial services business in India. It values learning, employee development, and diversity. Godrej Housing Finance is certified as a Great Place to Work® and was named one of the Best Organizations for Women in 2022 by The Economic Times.
Godrej Capital currently operates in many cities across India, including Hyderabad, Mumbai, Delhi, Bangalore, Chennai, Pune, Jaipur, and several others, expanding its reach to support more customers and businesses.
