Tag: NBFC India

Finance

Axis Finance Launches ‘Vyapar Business Loan’ to Empower Micro & Small Businesses

Tanisha Cardozo

Written by Tanisha Cardozo || Team Allycaral

Axis Finance Limited (AFL), one of India’s fastest-growing non-banking financial companies (NBFCs), has announced the launch of Axis Finance Vyapar Business Loan, a collateral-free credit solution aimed at addressing the financing needs of micro and small businesses across semi-urban and rural India.

The Vyapar Business Loan is designed to support entrepreneurs operating in the retail, service and trading segments, offering loans of up to ₹10 lakh with flexible repayment tenures and zero collateral requirements. With a simplified application process and minimal documentation, the product ensures quick and hassle-free access to formal credit for India’s self-employed community. The financing can be utilised for working capital needs, business expansion or equipment upgrades.

Commenting on the launch, Sai Giridhar, MD & CEO, Axis Finance Limited, said that micro and small entrepreneurs form the backbone of India’s economy. He noted that the Vyapar Business Loan aims to make formal credit more inclusive by enabling shopkeepers, traders and service providers to access collateral-free finance, helping them scale operations and fulfil their growth aspirations with confidence.

He further highlighted Axis Finance’s focus on leveraging technology and data-driven underwriting to ensure faster turnaround times and a superior customer experience. According to him, the launch of Vyapar Business Loan marks a significant milestone in the company’s journey to empower India’s self-employed population with simple, secure and scalable credit solutions.

Earlier in the fiscal year, Axis Finance introduced Disha Home Loans to improve homeownership access for Economically Weaker Section (EWS) and Low-Income Group (LIG) customers, and also launched Axis Finance Shakti, a Micro Loan Against Property (Micro LAP) product for micro-entrepreneurs and self-employed individuals. Vyapar Business Loan builds on these initiatives, further strengthening AFL’s commitment to inclusive lending and grassroots economic development.

Axis Finance continues to expand its presence across secured and unsecured lending segments, supported by strong underwriting capabilities, advanced technology platforms and an extensive distribution network focused on delivering seamless customer experiences across emerging markets.


Axis Finance Limited is a non-deposit accepting NBFC registered with the Reserve Bank of India and classified under the Middle Layer (NBFC-ML). A wholly-owned subsidiary of Axis Bank Limited, the company offers a wide range of retail and wholesale lending solutions, including Loans Against Property, Business Loans, Personal Loans, Disha Home Loans, Corporate Financing and Real Estate Financing.

Business

ICL Fincorp Strengthens Western India Presence with Grand Launch of Goa Regional Office and Five New Branches

allycaralgoa

Goa, July 21, 2025: ICL Fincorp Ltd., one of India’s most trusted and fastest-growing non-banking financial companies, marked a significant milestone with the inauguration of its Regional Office in Goa, along with five new branches across the state.

The grand launch event, held at Panjim Convention Centre, Vistar Estates, Opp. 4 Pillar Hotel, Mala Heritage Area, Panaji, Goa, was attended by eminent dignitaries. The occasion witnessed the presence of Hon. Adv. K.G. Anilkumar, Goodwill Ambassador of LACTC and Chairman & Managing Director of ICL Fincorp; Mrs. Uma Anilkumar, Whole-time Director & CEO of ICL Fincorp, who has spearheaded the company’s CSR initiatives; and Shri. Subish Vasudev, National Administrator, NIDCC, among many other esteemed personalities.

The newly launched regional office is located in Panjim, with branches in Panjim, Margao, Vasco, Mapusa, and Ponda, making ICL Fincorp’s customer-friendly financial services more accessible to the people of Goa.

ICL Fincorp was recently appointed as the National Lending Partner of the National Industries Development Council Committee (NIDCC) under the Government of India. This prestigious recognition underscores the company’s strong credibility and commitment to supporting national development initiatives.

As part of this expansion, the company has also introduced the NIDCC Help Centre, a dedicated support system designed to assist local entrepreneurs, small businesses, and beneficiaries in availing themselves of government schemes and financial programs effectively.

To commemorate the launch, ICL Fincorp reaffirmed its commitment to social responsibility through significant CSR initiatives, including educational support for 100 orphan students, the distribution of 25 sewing machines to promote women empowerment, and the provision of 500 rice kits to underprivileged families.

For over three decades, ICL Fincorp has been synonymous with reliability, transparency, and a customer-centric approach. The inauguration of the regional office and five new branches in Goa reinforces the company’s vision to enhance accessibility and convenience for its growing customer base while upholding the highest standards of service excellence.

Under the visionary leadership of Adv. K.G. Anilkumar and Mrs. Uma Anilkumar, this new chapter strengthens ICL Fincorp’s connection with the people of Goa and reflects its promise to deliver financial solutions that are timely, trustworthy, and transformative.