Finova Capital targets ‘unorganised, snubbed’ MSME sector; aims to disburse over 1500 loans by 2018

Focusing on the MSME sector has become mainstream with the joined efforts of NBFCs and FinTechs in India. Finova Capital, an NBFC licensed by the Reserve Bank of India is looking to spearhead this movement and has announced its target of serving over 1500 MSMEs by 2018.




Finova Capital has supposedly serviced more than 250 MSMEs since it was founded in 2015 with loans worth more than INR 20cr in remote locations of India. Based in Jaipur, Rajasthan, the company has last-mile connectivity in Chomu, Bassi, Jobner and Bagrun and are eying immediate expansion to Dausa, Reengus, Phulera, Kuchaman and Sri Madhopur – to reach their goal of 1500 MSMEs by 2018.




The MSME sector holds immense potential and is a large contributor to the country’s GDP and manufacturing exports. It provides employment opportunities and therefore growth and development to rural India. Due to the sector being largely unorganised and lacking in book-keeping etc. it has been often snubbed by banks and other formal institutions of finance.

Keeping in mind the needs of the sector, Finova Capital offers loans with flexible ticket sizes and payback tenures. As per the requirements, the small-scale business owners can take loans starting from 2 lakhs and going up to 20 lakhs.




Speaking on the same, Mohit Sahney, MD & CEO of Finova Capital said, we are inspired to enable their growth and expansion, by making adequate financial solutions available at reasonable price and flexibility. In the next phase of our growth, we shall be expanding to hitherto unexplored cities like Dausa, Reengus, Phulera, Kuchaman and Sri Madhopur, with a target of servicing over 1500 MSMEs by 2018.”