Ujjivan Small Finance Bank Limited today announced the commencement of a new Unbanked Rural Centres (URC) in Kongarayapalayam, located in Kallakurichi district of Tamil Nadu. Currently, the bank serves 10 lakh+ customers through its 85 branches, including 18 branches in unbanked rural locations in the State.
Ujjivan SFB offers Agriculture Loans starting from ₹26,000 to ₹25 lakhs, Affordable Housing Loan ranging from ₹2 lakhs to ₹75 lakhs, for those looking to purchase/construct their dream home as well as Individual loan from ₹35,000 to ₹3 lakhs, Business Loans for Micro and Small Enterprises ranging from ₹3 lakhs to ₹10 Crores.
Speaking on the launch, Mr Ittira Davis, MD & CEO, Ujjivan SFB, said, “We are happy to announce the opening of a bank branch in a previously unbanked location of Kallakurichi district where banking services have been inaccessible. Over the following months, we aim to expand our presence to cater to customers who have been underserved and promote financial inclusion within this segment. Moving forward, our primary focus will be on developing a diverse deposit base, with our prime focus on improving our digital capabilities”.