Micro Finance Company in India - Muthoot Fincorp LtdThe story of microfinance in India - Bridge IndiaMicrofinance - Guide to Microfinance loan in IndiaTop Microfinance Institutions in India and How they Work?Microfinance Companies in India Some of the microfinance companies that offer loans to the unbanked and under-banked population in India are as follows: Arohan Financial Services Pvt Ltd, BSS Microfinance Pvt Ltd; Cashpor Micro Credit; Equitas Microfinance Pvt Ltd; Asirvad Microfinance Pvt Ltd; Bandhan Financial Services Pvt Ltd; Disha Microfin Pvt LtdINR 10,000 to 75,000. Rate of Interest: & on a reducing balance method. Processing Fee: 1% of loan amount + GST. Security: NIL. Tenure: 1 year to 2 years, depending on the loan In India a large segment of the society, particularly low-income people, have very little access to formal financial services. The Indian government and RBI have been proactive in promoting ‘Financial Inclusion’ and among the various initiatives, reaching out to the un-banked and under-banked populace in partnership with MFIs and/or Pvt. Ltd. Cos. has been seen as an innovative and …Micro Lending Development. SC/ST/ backward classes accounting for approx. 73% of the total beneficiaries. Women proportion was 96-98% among the beneficiaries. Launched in April 2000 under collaboration with Department for International Development (DFID), UK to bring in best microfinance practices in Loans in India What is the issue? Non-banking financial groups have gained attention for providing easy and hassle-free micro loans online, with the aid of technology. What is micro-financing? Microfinance refers to the provision of basic financial services for …The easiest way to apply for Microfinance is to be a part of the Joint Liability Group (JLG). An existing member of the JLG may recommend you as a new member eligible for a microfinance loan. Visit your nearest Muthoot Microfin Ltd branch or contact on our toll free number 1800 102 1616 to know more.

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