Shalibhadra Finance expands portfolio with housing finance in rural areas

Shalibhadra Finance Limited (BSE Code – 511754), with a market capitalization of Rs. 438 crores, has announced a strategic expansion of its product portfolio by introducing small-ticket size housing finance, targeting the vast rural areas of India. This expansion aims to complement the company’s existing expertise in financing two-wheelers, leveraging over two decades of deep-rooted presence in rural communities.

Shalibhadra Finance, renowned for its robust network spanning over 50 branches across Gujarat, Maharashtra, Madhya Pradesh, and Rajasthan, has cultivated strong relationships with lakhs of rural customers. This extensive reach positions the company uniquely to make a significant impact in the housing finance segment, which has recently gained momentum following the Indian government’s push for affordable housing under the Pradhan Mantri Awas Yojana.

The initiative, backed by Prime Minister Narendra Modi, aims to construct 3 crore new houses across villages and cities to improve living conditions for the economically weaker sections and lower-income groups nationwide. Minesh Doshi, Managing Director of Shalibhadra Finance, expressed his enthusiasm about this alignment with the government’s vision, stating, “We are excited to announce the expansion of our product portfolio to include small-ticket size housing finance. This strategic addition aligns perfectly with our mission to enhance financial inclusion and support the government’s vision of housing for all.”

By capitalizing on its established network and trusted relationships, Shalibhadra Finance is poised to provide accessible and affordable housing solutions, thereby contributing to the socio-economic development of rural communities.

Shalibhadra’s expansion into housing finance is a timely move that aligns well with national priorities and has the potential to drive significant growth for the company while making a meaningful impact on rural housing availability.