Top Microfinance Institutions in India

CRISIL has published the list of "Top 50 Microfinance Institutions in India", at CRISIL’s seminar, Microfinance Lending: a Growth Engine for the Indian Economy. SKS Microfinance Ltd is the largest Microfinance Institution (MFI) in India, and one of the fastest growing Microfinance Institutions in the world having provided approximately INR 100 billion (Sept 2009) and has loans outstanding to the tune of INR 32,080 million (USD 697 Millions) to 5,301,181 women in India (Sept 2009).

Spandana Sphoorty Financial Limited is one of the largest MFI in the world. It provides micro-credit and credit-plus services to low-income households and individuals to improve their quality of life.

Share Microfin Limited is also one of the largest MFI in India, started its operations for the poor in 1989 as a not-for-profit society. It was the first MFI in the country to obtain a Non Banking Financial Company (Non Deposit) licence.

CRISIL List of Top 50 Microfinance Institutions in India:
(by Loan Amount Outstanding for 2009)
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 (GVMFL)
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 (Equitas)
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 (SCCI)
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 (PWMACTS)
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 (WOMAN)
42 Pragathi Mutually Aided Cooperative Credit and Marketing Federation Ltd(PMACS)
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)

* Featured Articles:

Financial Institutions in India

List of Stock Exchanges in India

Top Finance Companies in India

Author

Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

Popular posts from this blog

Advantages & Disadvantages of Reducing Balance Method

Advantages of Reducing Balance Method of Depreciation (also known as diminishing balance method, written down value method or reducing installment method): 1. Simplicity and Ease of Use One of the main advantages of the Reducing Balance Method is its simplicity. The method requires only a basic understanding of how to calculate depreciation using the fixed percentage rate applied to the asset's book value. Once the initial cost of the asset and the depreciation rate are determined, it is relatively straightforward to calculate the depreciation expense for each period. This simplicity makes it easy for accountants and businesses to apply this method, particularly when dealing with multiple assets. Moreover, as the method doesn’t require complex estimations of residual values or changes in useful life, businesses can easily calculate depreciation year over year, providing a clear and consistent framework for accounting. This also simplifies financial reporting and compliance with
Read more

Advantages and Disadvantages of Swaps

A swap is a financial derivative instrument that involves the exchange of a series of cash flows between two parties over a specified period. Typically, swaps are used to manage risk, particularly interest rate and currency risk, by converting variable cash flows into fixed ones or vice versa. Swaps can also be employed to align liabilities with revenues, hedge against fluctuations in commodity prices, or manage exchange rate risk. The two most common types of swaps are interest rate swaps and currency swaps, although other variations such as commodity swaps and equity swaps also exist. Swaps have grown in popularity due to their ability to offer more customized solutions compared to traditional financial instruments such as futures, options, or forwards. Despite their advantages, swaps also come with certain risks and drawbacks, which must be carefully considered before entering into such contracts. Below, we explore both the advantages and disadvantages of swaps in more detail. Adv
Read more

How to Calculate Debenture Interest

Debenture is a liability instrument with a fixed rate of interest, and the holders of debenture are considered as creditors of the limited company. Interest on debentures is calculated at a fixed rate of interest on the face value (not on the issue price), and is charged to Profit and Loss Account. Note that such interest must be paid to the debenture holders even if the company is not making a profit or incurring losses. Nature of Debentures Debentures are long-term debt instruments issued by companies, typically with a fixed interest rate and a set maturity date. They are a key tool for companies looking to secure funding without diluting ownership, as debentures do not confer any equity rights to the holders. Instead, debenture holders act as creditors, and their claims on the company are generally subordinate to other types of liabilities such as bank loans or trade payables. Debentures are classified as unsecured or secured. Secured debentures are backed by a specific asset or se
Read more