Middle income, affordable housing book is growing fast

Delhi-based Tourism Finance Corporation of India (TFCI), a non-banking financial institution, is aiming to diversify and plans to keep 25 per cent of its portfolio for construction and affordable housing segment, said ANOOP BALI, managing director (MD) & chief financial officer (CFO) of TFCI in an interview with Harsh Kumar.

- Harsh Kumar

Bali also discussed the huge opportunities in hotel financing in the Tier-II and Tier-III cities. Edited excerpts:

What are TFCI's new focus areas for funding?

Over time, in addition to tourism, which continues to be our core area of funding, we have also expanded into funding real estate, including residential real estate and construction projects. We also provide finance for commercial buildings and the manufacturing sector. We fund educational institutions and hospitals as well. Recently, we have introduced a new initiative to provide small personal loans with a tenure of three months.

These loans are primarily targeted at non-MFI segments, such as salaried-class individuals, who can repay the loan within the three-month period. We offer these personal loans through our technology partner PayMe India.