Demonstrating a strong commitment to affordable housing, Axis Bank Limited has reported substantial disbursements under the Asha Home Loans initiative in fiscal year 2023. The program has not only contributed significantly to the bank’s ESG-aligned goals but has also set a new benchmark in empowering the underprivileged populace of India.
Axis Bank’s Axis Sahyog Program Impacts 2.2 Million Women Borrowers and Achieves a 58% Growth in Loan Disbursement
In an impressive move towards financial inclusion, Axis Bank’s Axis Sahyog, the retail microfinance program, has reached over 2.2 million women borrowers across India’s underbanked regions. Reflecting a substantial year-on-year growth in loan disbursement, the program under Bharat Banking continues to enhance the economic stability of millions of households.
Axis Bank’s Path to Fiscal 2024: Targeting Rs. 10,000 Crores Incremental Disbursement and Expansion of Small Ticket Loans and Microfinance Initiatives
With an impressive performance in fiscal 2023, Axis Bank sets ambitious targets for the coming year. The bank aims to achieve incremental disbursement of ₹10,000 crores under Asha Home Loans, further propelling its mission of affordable housing. Simultaneously, the Bank’s focus on expanding its small ticket size loans, crop loans to small and marginal farmers, and microfinance initiatives targeted at low-income households, reaffirms its commitment to empowering underbanked communities across India.
