Electronica Finance Limited: Designing The Future Of Micro, Small, And Medium Enterprises
Electronica Finance Limited (EFL), an Asset Finance Company (AFC), has been financing Micro, Small, and Medium Enterprises (MSMEs) since its inception. Initially, it was offering leasing and hire purchase to business units in very few sectors like plastics and auto components. Over time it has diversified its sectoral and product portfolios and has also started offering non-fund-based services to its customers like corporate advisory services and sale of insurance products. To augment its resources, it has recently tied up with the Small Industries Development Bank of India (SIDBI), under which it offers two products, namely, Micro Enterprise Loans (MEL) and Credit Delivery Arrangement (CDA) to its customers.