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Paisalo Digital gets term loan of Rs 75 crore from Canara Bank

16 Mar 2023 Evaluate

Canara Bank has disbursed Rs 75 crore as term loan for 5 years to Paisalo Digital inter alia for onward lending. This disbursement will help the Company to achieve its growth plans. Earlier, the company had entered into a Co-Lending Loan Agreement with Karnataka Bank.

Paisalo Digital is a leading systemically important Non-Deposit taking NBFC registered with the Reserve Bank of India (RBI), in operation since 1992. The company’s main thrust is on small finance to ensure rural development, self-employment and women-empowerment.

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