Fullerton India expands its presence in Chhattisgarh

NEW DELHI: Fullerton India, one of India’s leading non-banking financial companies having a strong pan-India presence, has expanded its presence in Chattisgarh. The company today inaugurated a new Gramshakti branch in Raigarh, taking the total rural branch count in the state to 8. The company also has 7 urban branches, making the total tally to 15 in the state.

Fullerton India has a wide range of products under Gramshakti, its rural business. The product offering includes group loans, business loans, hypothecation loans, loan against property, home loans, two wheeler and three wheeler loans.

The company currently serves to more than 9000 customers in Chhattisgarh through its branch network and is optimistic about reaching out to a larger base over the next few years. Chhattisgarh has been an important market for Fullerton India.

Apart from FICC’s commitment to expand its presence in Chattisgarh, the CSR arm will be launching a programme - Jeevika – the Livelihood Enhancements Activities for women in the state which will be expanded to other branches in coming months. The company will also be launching a Mobile Vision Care Van, which will provide access to quality eye care services and the same will be introduced across Chattisgarh from June this year.

Speaking at the inauguration ceremony of the new branch, Rakesh Makkar, Executive Vice President & Head - Urban and Rural Business, Fullerton India, said, “Fullerton India believes in the immense potential that rural market offers and over the years the company has made a strong presence in these markets. We understand the growing credit needs of this segment of society and have customized our products to serve each individual’s need. I am happy to share that through Gramshakti, we have been able to make difference in the lives of many of our customers.”