New Delhi, 12 April 2025: Usha Financial Services Limited (NSE SME: USHAFIN), a listed Non-Banking Financial Company registered with the Reserve Bank of India, has announced a strategic expansion of its MSME lending operations in Uttar Pradesh.
Building on a branch-led model developed over the past financial year, the company is now targeting disbursements of approximately ₹80 crore in FY26. This growth will be supported by an expanded network of over 30 branches across the state.
In FY25, the company successfully operationalised 15 dedicated MSME branches in Uttar Pradesh, disbursing around ₹30 crore. Its lending strategy focuses on small-ticket loans ranging from ₹50,000 to ₹1 lakh, catering to micro and small enterprises. A significant portion of these loans has been extended to women entrepreneurs and first-time formal borrowers—segments that have traditionally faced limited access to institutional credit.
As part of its FY26 roadmap, the company plans to add 15–20 new branches, taking its total presence in Uttar Pradesh beyond 30 locations. This expansion will not only include entry into new districts but also deeper penetration in existing markets. Notably, the company will continue to concentrate its operations within the state to maintain portfolio quality before expanding geographically.
Commenting on the development, Geeta Goswami, CEO of Usha Financial Services Limited, said, “Uttar Pradesh offers strong potential for formal MSME credit penetration. FY25 was focused on building a robust delivery model—15 branches, ₹30 crore in disbursements, and meaningful outreach to women entrepreneurs and first-time borrowers. These results demonstrate that disciplined, grassroots lending is both impactful and commercially viable. For FY26, while ₹80 crore is the target, our priority remains maintaining portfolio quality as we scale.”
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