Chennai: Suryoday Small Finance Bank (SSFB) has launched a working capital product with a small / micro overdraft facility to help its microfinance customers meet their urgent liquidity requirements during the lockdown.
Currently SSFB has set a limit of Rs 5000 for its existing customers for the working capital product. The customers can avail of this product, based on their requirements and get it sanctioned in one go from their nearest SSFB branches.
Baskar Babu, managing director and CEO, said, “the objective of launching the additional limit is to ensure that the customers’ immediate financial requirements are met during these difficult times. We believe this may facilitate them to continue with their existing work without causing any disruption that may have occurred due to the existing lockdown.”