Veritas Finance to Disburse Rs 500 Crore to West Bengal MSMEs

In a bid to provide sustainable and accessible financing options to MSMEs in West Bengal, Non–Banking Finance Company (NBFC) Veritas Finance inaugurated its 100^th store at Burdwan in West Bengal with an aim to target Rs 500-crore disbursement.

The company plans to disburse Rs 500 crore in the region over the next two years. Veritas Finance, which opened 25 branches last year, had disbursed Rs 75 crores in West Bengal.

Managing partner of Lok Capital Venky Natarajan inaugurated the store.

Managing director and chief executive officer of Veritas Finance Arulmany D said, “With the strong micro, small and medium enterprises (MSME) sector in place, West Bengal offers scope to large industries too to grow.”

He said that our 100th branch in the third year of operations reflects our commitment to provide sustainable and accessible financing option.

"In the years to come, we will expand our footprint across the country to address the business expansion and working capital needs of MSME customers”, he added.

Veritas Finance is currently present in seven States and in a union territory serving 17,500 customers.