Power2SME ties up with NBFC Vistaar Finance to finance SME clients

By admin April 17, 2015 12:36 pm IST

 Power2SME has inked an agreement with non-banking financial company (NBFC) Vistaar Financial Services Pvt. Ltd., to finance procurement transactions of Power2SME’s SME clients.
The tie-up is in its initial stage and the pilot project is already underway in West India, with SME clients in Pune and Nashik hailing from the manufacturing sector. This first stage pilot project for NBFC funding will up to a credit limit of up to ` 25,00,000/-.
Power2SME, now in its third year of operation is committed to addressing the SMEs capital and cash flow issues and its tie up with Vistaar is a step in that direction.  The tie-up will be particularly beneficial for SMEs seeking to scale up but lacking the wherewithal to do so. With hand-holding from Power2SME as required and a competitive funding option from Vistaar, SME clients will be in a position to expand their business faster.

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