Chennai: Poonawalla Finance Private Limited, a non-deposit taking NBFC, has entered into an MoU to offer a collateral-free special term loan scheme with an aim to benefit over three lakh chartered accountants, who are the members of the ICAI.
The loan scheme will further shore up their financial requirements towards their professional practice as well as to meet their personal exigencies at a time when Covid-19 has caused liquidity crunch acrossall sectors, said a press note.
Poonawalla Finance has received more than 4,000 loan applications and has sanctioned loan worth Rs 150 crore to more than 1,500 chartered accountants within the first month of the launch of this scheme.
“It is delightful to have the special loan scheme to support the credit needs of the chartered accountant professionals in these unprecedented times. We believe that offering credit support to the MSMEs and professionals like chartered accountants and doctors for business development will further strengthen entrepreneurial ecosystem and boost economic growth,” said Adar Poonawalla, chairman, Poonawalla Finance.