Vayana Network offers a well-curated mix of public sector, private sector and multinational lenders as well as some leading non-banking finance companies to micro, small and medium enterprises (MSMEs) in India as it believes different lending partners are needed to address the needs of different industries, according to Vinod Parmar, global head, sales and marketing.
Vayana handles all documentation, creation and structuring of these programmes and therefore, MSMEs have pretty much a single window for all their financing needs, he told Fibre2Fashion in an interview.Vayana Network offers a well-curated mix of public sector, private sector and multinational lenders as well as some leading non-banking finance companies to micro, small and medium enterprise in India as it believes different lending partners are needed to address the needs of different industries, according to Vinod Parmar, global head, sales and marketing.#
The entire exercise of getting the documentation in order, working with the lenders, getting the sanctions in place and starting the short-term financing programme is a service that the company offers MSMEs on a platter, Parmar said.
The company also cuts down the challenge MSMEs face in dealing with local bank branches because it runs these programmes on a centralised basis, he added.
Vayana Network was started with a vision to democratise access to trade finance to the smallest of enterprises. It has offices in Pune, Bengalutu, Gurugram, Mumbai and in the United States and Singapore. (DS)
For the full interview, please click here.
Fibre2Fashion News Desk – India
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