Top Micro finance Companies in India:
Micro finance companies are the financial institutions that offer small-scale financial services in both the forms – credit and savings, especially to the poor in rural, semi-urban and urban areas.
These financial services are meant to help them in undertaking economic activities, mitigating vulnerabilities to income shocks, smoothing consumption, increasing savings and supporting self-empowerment. There are a number of micro finance companies in India, which play some pivotal roles to the development of India.
India's micro finance sector is fragmented with more than 3000 micro finance companies (MGIs), NGOs and NGO-MFIs. The top 10 micro finance companies in India are estimated to account for almost 74 per cent of the total loans outstanding. It can be added here that the total loan outstanding of Indian micro finance sector lies between ` 160-175 billion. As on March 31, 2009, almost 17 Indian micro finance companies have more ` 1 million outstanding loans.
List of Top10 Microfinance Companies in India
1. SKS Micro finance Ltd (SKSMPL), Secunderabad, Andhra Pradesh
2. Spandana Sphoorty Financial Ltd (SSFL), Hyderabad, Andhra Pradesh
3. Share Microfin Limited (SML), Hyderabad, Andhra Pradesh
4.Asmitha Microfin Ltd (AML), Hyderabad, Andhra Pradesh
5.Shri Kshetra Dharmasthala Rural Development Project (SKDRDP), Hyderabad, Andhra Pradesh
6.Bhartiya Samruddhi Finance Limited (BSFL), Hyderabad, Andhra Pradesh
7. Bandhan, Kolkata, West Bengal
8. Cashpor Micro Credit (CMC), Varanasi, Uttar Pradesh
9. Grama Vicinal Micro Finance Pvt Ltd (GVMFL), Tiruchirapalli, Tamil Nadu
10. Grameen Financial Services Pvt Ltd (GFSPL), Tiruchirapalli, Tamil Nadu
Dewan Housing Finance Corp:
Dewan Housing Finance Corp. (DHFL) was established in 1984 by Rajesh Kumar Wadhawan as a financial company for providing loans for the purpose of construction of houses.
The mission of the Dewan Housing Finance Corp. is to provide housing loans to consumers at reasonable terms and affordable rates. DHFL provides an easy access to housing loans for the middle and the lower income group of people in India.
Vision of the Dewan Housing Finance Corp:
To change the living standard of Indian households by providing access to the ownership of homes
Mission of the Dewan Housing Finance Corp:
To provide easy access to all the Indian for the ownership of a home. To understand the consumer's needs
Improve the credit policies on a continuous basis to provide the maximum number of people with the loans
To formulate methods to help the customers in difficult times
To have an extensive network by spreading it all over the country
To respond all of the queries and questions of the customers
Products offered by the Dewan Housing Finance Corp:
Mortgage Loan
Home Loan
Home Loans for NRI's
Home Improvement Loan
Home Extension Loan
Non Residential Property
Plot Loans
Reverse Mortgage
Home Loan Linked Insurance Plan
- Sampoorna Rakshak
- Amar Chhaya
Related Keywords: Loan-Micro Finance Companies in India-Private Finance companies –
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