Usha Financial Services Limited, a listed Non-Banking Financial Company registered with the Reserve Bank of India, has announced a structured scale-up of its MSME lending operations in Uttar Pradesh. Building on a branch-led model established over the past financial year, the Company is now targeting disbursements of approximately ₹80 crore in FY26, supported by a branch network of over 30 locations across the state.
In FY25, the Company operationalised 15 dedicated MSME branches in Uttar Pradesh and disbursed approximately ₹30 crore. Lending is centred on small-ticket loans in the ₹50,000 to ₹1 lakh range, extended to micro and small enterprises including a substantial share to women entrepreneurs and first-time formal borrowers, segments where institutional credit access has remained persistently limited.
The current year’s expansion plan envisages the addition of 15–20 new branches, taking the total Uttar Pradesh network past 30 locations. New district entry will run alongside deeper penetration in markets already operational. All existing and planned branches remain within the state — a deliberate decision to build concentration and portfolio quality before extending the geographic footprint.
Ms. Geeta Goswami, CEO, Usha Financial Services Limited, said,
“Uttar Pradesh is a market with strong formal MSME credit penetration potential, and FY25 was about building the delivery model to address that — fifteen branches, ₹30 crore in disbursements, a significant share going to women entrepreneurs and first-time formal borrowers. These numbers validate that disciplined, ground-up lending in this segment is both impactful and commercially viable. For FY26, the target is ₹80 crore, but the more important measure is whether we get there with portfolio quality intact. That is the standard we hold ourselves to.”
