Some Board members of Society for Model Gram Bikash Kendra (SMGBK) and a few individuals acquired Srija Chemo Pvt. Ltd.(SCPL) on March 22, 2016 solely for carrying on microfinance activities and having a well-devised plan to gradually separate them from SMGBK as per advice of various banks, including RBI and funding agencies. After achieving the qualified assets, the company has applied for reclassification as NBFC-MFI to the RBI and RBI gave its final approval on September 12, 2017 reclassifying SRIJA CHEMO PVT. LTD. as
As on APRIL 30, 2022
Portfolio | Loan Disbursed (cum) | No of States | Existing Centers |
Rs. 57.76 Cr. | Rs.251.00 Cr. | 3 |
2489 |
Client / Beneficiaries | Branches | Villages | Districts |
21,888 | 20 | 1141 | 12 |
The end of the last Financial Year (FY-2021-22) was hailed by the entire MFI sector as RBI released the much awaited 'Revised Regulatory Framework' for microfinance. The latest guidelines are a strong reflection of the maturity of MFIs in the country and will go a long way in harmonising the regulatory framework for different types of lenders, encouraging healthy competition and enabling customers to make an informed choice regarding their credit needs. It will further help
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Grameen Shakti Microfinance Services Pvt.Ltd. (GSMS) continuously aims to have the right person, with the right
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