Moneyboxx Finance raises INR 340 million from State Bank of India

Moneyboxx Finance Limited, a BSE-listed Non-Banking Finance Company dedicated to impact financing for small and micro entrepreneurs in semi-urban and rural India, has secured a term loan of INR 340 million from the State Bank of India. This additional debt capital will help Moneyboxx further extend its reach in semi-urban and rural areas, empowering micro-entrepreneurs with essential financial resources and contributing to their economic advancement. Moneyboxx is backed by 32 lenders, including leading institutions such as State Bank of India, HDFC Bank, and Kotak Mahindra Bank, and has raised over INR 12 billion in debt funding to date. The company operates in 12 states with 163 branches, catering to the underserved small and micro entrepreneurs in essential segments by extending secured and unsecured business loans from INR 1-25 lakhs.