New Delhi: In a landmark achievement under the Digital India initiative, CSC e-Governance Services India Limited (CSC SPV) has crossed the milestone of ₹3,000 crore in loan disbursals since July 2023, transforming the lives of nearly 70,000 underserved borrowers across the country.
The programme has grown rapidly—registering disbursals worth ₹86 crore in FY 2023-24, ₹1,631 crore in FY 2024-25, and ₹1,300 crore till August 2025 in FY 2025-26. A majority of beneficiaries are first-time borrowers, seekers of small-ticket loans, and individuals from unbanked communities. By extending affordable credit, the initiative is empowering rural households, encouraging entrepreneurship, and boosting local economies.
With its vast network of 5.8 lakh Village Level Entrepreneurs (VLEs), CSC, in partnership with Piramal Finance, has ensured last-mile delivery of credit in remote and rural regions. The initiative offers loans at lower costs compared to local lenders, helping citizens break free from exploitative borrowing practices while moving towards self-reliance.
Highlighting the achievement, Sanjay Kumar Rakesh, MD & CEO, CSC SPV, said:
“This milestone reflects our shared vision of creating a digitally empowered society. By connecting rural citizens with accessible financial services, CSC and Piramal Finance are bridging the credit gap in underserved regions of India.”
Jagdeep Mallareddy, Chief Business Officer, Piramal Finance, added:
“Our partnership with CSC has been instrumental in extending credit to the last mile. Crossing ₹3,000 crore in disbursals is a testament to the trust rural India has placed in us, and we remain committed to deepening financial inclusion further.”
The CSC–Piramal Finance collaboration is not only simplifying loan access but also opening new avenues for rural development. Combining CSC’s unmatched digital outreach with Piramal Finance’s innovative lending solutions, the initiative is making credit more accessible, affordable, and impactful—laying the foundation for stronger rural economies and self-reliant communities.
About CSC e-Governance Services India Ltd. (CSC SPV):
CSC SPV is a special purpose vehicle under the Ministry of Electronics & IT, Government of India. It manages one of the world’s largest digital service delivery networks, with over 5.8 lakh VLEs providing essential government and financial services in rural and remote areas.
About Piramal Finance:
Piramal Finance, registered with the National Housing Bank (NHB), provides retail and wholesale lending solutions across India. With a focus on affordable housing, MSME financing, and innovative credit models, it has emerged as a key driver of inclusive growth in underserved markets.
