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 December 31, 2020
Portfolio | Cum Loan Disbursed | Existing Centers | |
Rs. 46.50 Cr. | Rs.188.00 Cr. | |
1,818 |
Client / Beneficiaries | Branches | Villages | Districts |
22,208 | 20 | 861 | 6 |
COVID19 has crippled not only the entire world economy but also wiped out a huge chunk of human resources. It paralyzed the business activities, broke the backbone of the financial systems, made the most advance health care systems look helpless and pushed half of the population without livelihood and food.
Microfinance Sector in India had made great strides before the lock down and was registering an impressive growth. If we consider YOY (as on 31st Dec’2018 to 31st Dec’2019) growth of
Read MoreRuna Devi,W/O: Viswar Sahani, Kanthiya,Sonaili, Katihar Bihar.
Runa and her husband, a day
Grameen Shakti Microfinance Services Pvt.Ltd. (GSMS) continuously aims to have the right person, with the right
Read MoreGSMS is proud to have been blessed by some Bigwigs of MFI & Banking sectors. Find their Comments about
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