Sanghamithra Rural Financial Services

Sanghamithra Rural Financial Services (SRFS) provides financial services to self-help groups (SAGs) and watershed management associations in rural are Read moreas. Its primary objective is to make the poor bankable and empower them to rise above the poverty line. SRFS offers need-based credit to SAGs in collaboration with NGOs and Government departments. The focus is on women's empowerment and development, aiming to strengthen their economic and social well-being. The organisation targets the unreached poor who lack access to formal financial institutions by providing affordable loans through joint liability group concepts. SRFS has grown steadily since its inception and has assisted numerous groups across backward regions in Karnataka, Tamil Nadu, Maharashtra, and Madhya Pradesh. It collaborates with financial institutes and commercial banks for onward lending activities and operates with transparency and compliance with regulatory guidelines. SRFS extends loans to self-help groups for livelihood activities, including agriculture and small businesses, following the SHG Bank Linkage model. In addition, it has diversified its lending model to include Joint Liability Group (JLG) loans and supports Farmer Producer Organizations (FPOs) at low-interest rates. The organisation is committed to its core objective of serving underprivileged areas and remains aligned with RBI guidelines for non-banking financial companies-microfinance institutions.