New Delhi: In a major boost to financial inclusion, CSC e-Governance Services India Limited (CSC SPV) has disbursed over ₹3,000 crore in loans since July 2023. The achievement marks a significant milestone under the Digital India programme.
Rapid Growth in Loan Disbursals
The initiative has seen fast-paced growth. Disbursals stood at ₹86 crore in FY 2023-24, ₹1,631 crore in FY 2024-25, and ₹1,300 crore till August 2025 in FY 2025-26. Nearly 70,000 borrowers, many from unbanked and underserved segments, have benefitted so far.
By enabling access to small-ticket loans, the programme has supported rural households, encouraged entrepreneurship, and strengthened local economies.
Expanding Credit Access in Rural India
CSC has leveraged its network of over 5.8 lakh Village Level Entrepreneurs (VLEs) to provide affordable credit in partnership with Piramal Finance. The initiative reduces reliance on exploitative local lenders and ensures timely access to funds for rural families and small businesses.
The scheme has bridged the grassroots credit gap, empowering citizens with financial independence and self-reliance.
Partnership Driving Financial Inclusion
Commenting on the milestone, Sanjay Kumar Rakesh, MD & CEO of CSC SPV, said the achievement reflects a vision of creating a digitally empowered society. He stressed that connecting rural citizens with affordable financial services is central to CSC’s mission.
Jagdeep Mallareddy, Chief Business Officer of Piramal Finance, said the collaboration has strengthened last-mile credit delivery. “Crossing ₹3,000 crore in disbursals shows the trust rural India has placed in us,” he said.
Strengthening Rural Development
The CSC–Piramal Finance partnership combines CSC’s digital reach with Piramal Finance’s financial solutions. Together, they are making credit access simpler, more affordable, and more impactful, driving rural development and inclusive growth.
About CSC e-Governance Services India Ltd. (CSC SPV)
CSC SPV, a special purpose vehicle under the Ministry of Electronics & IT, operates one of the world’s largest digital service delivery networks. With over 5.8 lakh VLEs, it delivers government and financial services to rural and remote citizens, promoting digital and financial inclusion.
About Piramal Finance
Piramal Finance, registered with the National Housing Bank (NHB), provides retail and wholesale lending solutions. Its focus on affordable housing, MSME financing, and innovative credit products has positioned it as a key driver of inclusive financial growth.
