Neogrowth Disburses Rs 650 cr to Women-Led Businesses in FY24
Aug 26, 2024 21:50
Neogrowth, a digital lender, has disbursed Rs 650 crore to women-led businesses in FY24, a 34% increase from the previous year. The company disbursed 3,600 loans to women-owned MSMEs, with 41% going to businesses less than five years old.
Mumbai, Aug 26 (PTI) Digital lender Neogrowth on Monday said it has disbursed Rs 650 crore to women-led businesses in FY24, 34 per cent higher than the Rs 430 crore in the year-ago period.
It disbursed 3,600 loans to women-owned micro, small and medium enterprises, and 41 per cent of them were to businesses which are less than five years old, as per a statement.
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