CreditAccess Grameen has completed a Direct Assignment transaction amounting to Rs 201.09 crore during the month of September 2022. This is the first Direct Assignment transaction completed during the financial year 2022-23.
The entire Direct assignment pool qualifies for Priority Sector Lending as per the guidelines prescribed by the Reserve Bank of India. During the quarter ended September 2022, the Company has raised a total funds of Rs 2,305.47 crore through Term loans, NCDs, ECBs and Direct assignment.
CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India.
