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Bharat Financial Inclusion Limited (formerly known as SKS Microfinance Limited) or BFIL is a banking & finance company (NBFC), licensed by the Reserve Bank of India. It was founded in 1997 by Vikram Akula, who served as its executive chair until working. [ 3] The company's mission is to provide financial services to the poor under the premise ...
The Microfinance Institutions Network was created to promote microfinance. The network promotes responsible lending, client protection, good governance and a supportive regulatory environment. It was established in October 2009 as a society under the Andhra Pradesh Societies Registration Act 2001. According to its bylaws, all non-banking ...
Satin Creditcare Network Limited is a non-banking finance company ( NBFC ), licensed by the Reserve Bank of India. It was founded in 1990 by Mr. H P Singh. [ 1] The company's offers financial requirements for excluded households at the bottom of the pyramid. Satin Creditcare Network Limited is a micro-finance institution (MFI) in the country ...
CreditAccess India Foundation (CA India Foundation) is a Section 8 corporation that was established in 2021. It is a Non-government company that is registered with the Registrar of Companies in Bangalore. CreditAccess Grameen Limited owns 100% of CA India Foundation. The foundation works on areas of social development such as Education ...
Microfinance and refinance. Micro Units Development and Refinance Agency Bank (or MUDRA Bank) [ 1]) is a public sector financial institution in India. It provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs. It was launched by Prime Minister Narendra Modi on 8 April ...
Having started its operations as an NGO in 1992 under the name of Evangelical Social Action Forum, ESAF Microfinance was a non-banking finance company and microfinance institution (NBFC-MFI), licensed by the Reserve Bank of India (RBI). It became a small finance bank in March 2017 and started operating in January 2018. [2]
IDFC Bharat Ltd is a microfinance bank (Formerly known as Grama Vidiyal), operating in the Tamil Nadu area of South India. [1] Since 1993, it has provided small loans to women without access to formal credit and who typically have daily incomes of less than INR 80 (US$2) per day.
A nidhi company can be started with an initial capital of Rs.10 lakh and requires at least seven people to start with (minimum 7 members). Nidhi company registration also requires three directors initially. Every promoter or director needs a copy of PAN card, ID proof and address proof to apply for a nidhi company in India. [citation needed]