Microfinance companies are the financial establishments that provide small-scale financial services in both the forms – credit and savings, particularly to the poor in rural, semi-urban and urban areas. These financial services are meant to assist them in undertaking economic activities, mitigating vulnerabilities to income shocks, smoothening consumption, increasing savings and supporting self-empowerment.

 

In late 2009, CRISIL (Credit Rating Information Services of India Limited )which is India’s leading ratings, research and risk advisory company released its list of top 50 microfinance institutions in India. The report titled India’s prime fifty Microfinance establishments presents a summary of leading players in India’s microfinance establishment (MFI) house.

 

1. SKS Microfinance Ltd (SKSMPL)

2 Spandana Sphoorty Financial Ltd (SSFL)

3 Share Microfin Limited (SML)

4 Asmitha Microfin Ltd (AML)

5 Shri Kshetra Dharmasthala Rural Development Project(SKDRDP)

6 Bhartiya Samruddhi Finance Limited (BSFL)

7 Bandhan Society

8 Cashpor Micro Credit (CMC)

9 Grama Vidiyal Micro Finance Pvt Ltd

10 Grameen FinancialServices Pvt Ltd (GFSPL)

11 Madura Micro Finance Ltd (MMFL)

12 BSS Microfinance Bangalore Pvt Ltd (BMPL)

13 Equitas Micro Finance India P Ltd

14 Bandhan Financial Services Pvt Ltd (BFSPL)

15 Sarvodaya Nano Finance Ltd (SNFL)

16 BWDA Finance Limited (BFL)

17 Ujjivan FinancialServices Pvt Ltd (UFSPL)

18 Future Financial Services ChittoorLtd (FFSL)

19 ESAF Microfinance & Investments Pvt. Ltd (EMFIL)

20 S.M.I.L.E Microfinance Limited

21 SWAWS Credit Corporation India Pvt Ltd

22 Sanghamithra Rural Financial Services (SRFS)

23 Saadhana Microfin

24 Gram Utthan Kendrapara,

25 Rashtriya Seva Samithi (RASS)

26 Sahara Utsarga Welfare Society (SUWS)

27 Sonata Finance Pvt Ltd (Sonata)

28 Rashtriya Gramin Vikas Nidhi

29 Arohan Financial Services Ltd (AFSL)

30 Janalakshmi Financial Services Pvt Ltd (JFSPL)

31 Annapurna Financial Services Pvt Ltd

32 Hand in Hand (HiH)

33 Payakaraopeta Women’s Mutually Aided Co-operative Thrift and Credit Society [PWMACT]

34 Aadarsha Welfare Society (AWS)

35 Adhikar

36 Village Financial Services Pvt Ltd (VFSPL)

37 Sahara Uttarayan

38 RORES Micro Entrepreneur Development Trust (RMEDT)

39 Centre for Rural Social Action (CReSA)

40 Indur Intideepam Federation Ltd (IIMF)

41 Welfare Organisation for Multipurpose Mass Awareness Network [WOMMAN]

42 Pragathi Mutually Aided Cooperative Credit and Marketing Federation Ltd [PMACCMFL]

43 Indian Association for Savings and Credit (IASC)

44 Sewa Mutually Aided Cooperative Thrift Societies Federation Ltd (Sewa)

45 Initiatives for Development Bangalore, Foundation (IDF)

46 Gandhi Smaraka Grama Seva Kendram (GSGSK)

47 Swayamshree Micro Credit Services (SMCS)

48 ASOMI

49 Janodaya Trust

50 Community Development Centre (CDC)

 

For more information click on the link below-

 

https://rbidocs.rbi.org.in/rdocs/content/DOCs/NMFI012014FL.xlsx

 

 

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