Mega Corporation Ltd enters into a strategic digital lending partnership with Rajasthan Financial Services Delivery Ltd (RFSDL)

Mega Corporation Limited, a registered Non-Banking Financial Company (NBFC), has entered into a strategic digital lending partnership with Rajasthan Financial Services Delivery Limited (RFSDL), a Government of Rajasthan undertaking. This collaboration focuses on facilitating Earned Salary Access (ESA) and Earned Pension Access (EPA) through a secure, technology-driven platform. Under this agreement, Mega will serve as the regulated lender, providing short-term and medium-term credit facilities directly to eligible state government employees and pensioners within a government-backed ecosystem.

The partnership utilises a proprietary digital platform to manage the end-to-end lending lifecycle, including onboarding, credit assesSMEnt, and disbursement. A key feature of the model is the automated repayment system, which functions through salary and pension deduction mechanisms to ensure seamless recovery. To maintain high standards of service, the initiative includes a 24/7 digital helpdesk and a robust grievance redressal system, all while operating strictly in accordance with the Reserve Bank of India’s Digital Lending Guidelines and data-protection standards.

For Mega Corporation, this alliance represents a significant step in scaling its digital lending vertical by gaining access to a large, stable borrower base with predictable cash flows. The payroll-linked recovery model is expected to enhance portfolio quality and reduce credit risk. Furthermore, the association with a government-backed framework reinforces the company's commitment to transparency and compliance, positioning it as a specialised credit partner for the public-sector ecosystem and providing a replicable model for future government-linked programs.

Commenting on the development, the management of Mega Corporation Limited stated: “This partnership with RFSDL represents a strong endorsement of Mega’s digital lending capabilities, governance framework and technological robustness. It allows us to serve government employees and pensioners with dignity, transparency and speed, while maintaining strict regulatory discipline. We believe this collaboration will create long-term value for all stakeholders and open new avenues for responsible financial inclusion.”

About the Company

Mega Corporation Limited (MCL), incorporated in 1985 and listed on the BSE, is a multifaceted Non-Banking Financial Company (NBFC) that has expanded significantly from its origins as a finance and investment firm. Under its retail lending brand, Lendingo, the company focuses on specialised financing solutions, particularly for electric vehicle (EV) lithium batteries and green funding, alongside personal and business loans. Beyond its core financial services, MCL operates in the aviation and travel sectors through its subsidiaries, offering aircraft chartering and radio Taxi services under the well-known Mega Cabs brand. Headquartered in New Delhi, the company is CMMI Level 3 and ISO certified, positioning itself as a versatile player in India's urban and rural financial ecosystems.

 The company has a market cap of over Rs 40 crore. The stock is up by 43.13 per cent from its 52-week low of Rs 1.60 per share.

Disclaimer: The article is for informational purposes only and not investment advice.