Has the Centre’s e-Governance initiative surpassed Rs 3,000 crore in loans for small borrowers?
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Synopsis
Discover how CSC e-Governance has transformed financial access for rural borrowers by surpassing Rs 3,000 crore in loans, boosting entrepreneurship and empowering communities.
Key Takeaways
- Milestone Achievement: Over Rs 3,000 crore disbursed in loans since July 2023.
- Target Audience: Nearly 70,000 individuals, many first-time borrowers.
- Economic Empowerment: Promotes entrepreneurship and strengthens local economies.
- Digital Reach: Leveraging a network of over 5.8 lakh VLEs.
- Reduced Dependence: Offers affordable loans, decreasing reliance on local lenders.
New Delhi, Sep 15 (NationPress) In a significant advancement towards financial inclusion as part of the Digital India initiative, CSC e-Governance Services India Limited (CSC SPV) has achieved an impressive milestone by disbursing over Rs 3,000 crore in loans since July 2023.
The program has experienced remarkable growth, with loan disbursements reaching Rs 86 crore in FY 2023-24, Rs 1,631 crore in FY 2024-25, and Rs 1,300 crore up until August 2025 for FY 2025-26.
To date, nearly 70,000 individuals have benefited from this initiative, many of whom are first-time borrowers, seeking small-ticket loans, and individuals from unbanked demographics.
By assisting rural households and small enterprises, this initiative has fostered entrepreneurship, fortified families, and energized local economies, as stated in an official release on Monday.
Utilizing a vast network of over 5.8 lakh Village Level Entrepreneurs (VLEs) and collaborating with Piramal Finance, CSC has provided timely and affordable credit to underserved and marginalized communities located in remote rural areas.
The loans offered are more affordable and accessible than those from local lenders, significantly reducing reliance on exploitative borrowing methods. This initiative has effectively closed the grassroots credit gap, enhanced livelihoods, and empowered citizens to pursue self-reliance with dignity and confidence, according to the statement.
Sanjay Kumar Rakesh, MD & CEO of CSC SPV, remarked: “This milestone epitomizes our collective vision of establishing a digitally empowered society. By linking rural citizens to accessible financial services, CSC and Piramal Finance are addressing the credit gap in underserved regions of India.”
Jagdeep Mallareddy, Chief Business Officer at Piramal Finance, noted: “Our collaboration with CSC has been pivotal in extending credit to the last mile. Achieving Rs 3,000 crore in disbursements is a testament to the trust rural India has placed in us, and we are committed to further advancing financial inclusion.”
The partnership between CSC and Piramal Finance has not only facilitated easier access to loans but has also opened new avenues for rural development. By merging CSC's unparalleled digital reach with Piramal Finance's innovative financial solutions, the initiative continues to make credit more accessible, affordable, and impactful for millions across India.
CSC SPV operates as a special purpose vehicle under the Ministry of Electronics & IT, overseeing one of the world’s most extensive digital service delivery networks. With a network of over 5.8 lakh Village Level Entrepreneurs (VLEs), CSC provides essential government and financial services to citizens in rural and remote areas, thereby promoting digital and financial inclusion.
Point of View
I commend the Centre's dedicated efforts towards enhancing financial inclusion through the e-Governance initiative. This landmark achievement of surpassing Rs 3,000 crore in loans is a testament to the positive impact of technology in reaching underserved communities. It reflects a commitment to economic empowerment and sustainable development, which aligns with our national vision of an inclusive society. The trust placed in this initiative by rural India showcases the urgency and importance of accessible financial services.
NationPress
15/09/2025
Frequently Asked Questions
What is the main goal of the CSC e-Governance initiative?
The primary goal of the CSC e-Governance initiative is to enhance financial inclusion by providing accessible and affordable credit to underserved and marginalized communities in rural India.
How much has been disbursed in loans since July 2023?
Since July 2023, the initiative has successfully disbursed over Rs 3,000 crore in loans.
Who benefits from these loans?
The loans primarily benefit first-time borrowers, individuals seeking small-ticket loans, and those from unbanked segments, promoting entrepreneurship and economic growth.
How does the initiative reduce dependence on local lenders?
The initiative offers cheaper and more accessible loans compared to local lenders, thus reducing reliance on exploitative borrowing practices.
What is the role of Village Level Entrepreneurs in this initiative?
Village Level Entrepreneurs (VLEs) play a crucial role by providing essential financial services and facilitating access to loans in rural areas.
