Welcome to GDF

M/s Grameen Development & Finance Private Limited formerly known as M/s Sharnarthi Leasing & Finance Private Limited (hereinafter mentioned as “The Company”) is a NBFC-MFI registered with Reserve Bank of India, Guwahati. , and has been working as an NBFC Microfinance Institution, which was originally registered with RBI, Chandigarh regional office. The Company is based in Chhaygaon, Kamrup, Assam and currently operating with 17 branches across 3 states of North East India viz. Assam, Meghalaya and Nagaland.

However, being a non-profit entity, Grameen Sahara (i.e. NGO) is not an ideal way for continuing microfinance activity in long run. At the same time, RBI has created new category of NBFC called NBFC-MFI to regulate the Microfinance sector. As a result, banks are reluctant to provide loans to NGO-MFIs, which affect the NGO’s planning to cover more beneficiaries & area and attain growth. Therefore, need has arisen to transform its Microfinance programme into an NBFC.

Thus, to transform into an NBFC, a Chandigarh (Punjab) based NBFC called M/s Sharanarthi Leasing and Finance Pvt. Ltd. was acquired and completed the transformations.

The chronology of the process is as follows:

» Regional Director (NR)-MCA passed its order to transfer the ROC from Chandigarh to Shillong vide order dated 11-12-2013.

» ROC, Shillong issued new CoR on 16-01-2014.

» RBI, Guwahati issued new CoR on 14-03-2014.

» Name has been changed into M/s Grameen Development & Finance Pvt. Ltd. ROC, Shillong issued fresh CoR under new name on 08-08-2014.

» RBI, Guwahati has also issued fresh CoR under new name on 18-08-2014.

» Re application for NBFC-MFI classification is under process with RBI,Guwahati.

» Receipt of NBFC-MFI classification in December, 2014.

The process of successful transformation can be attributed to the untiring effort of the Board of Directors along with the perspiration of the microfinance personnel. After the transformation process special care is taken for acquisition of portfolio of the old entity by the new one. In the Financial Year 2014-15 all total INR 3.79/- CR for 7 branches was acquired by The Company. After the acquisition as on 31-03-2015 the NGO has a portfolio outstanding of INR. 5.8/-CR. the NGO’s portfolio is supposed to be come down gradually because all disbursement to the clients of The NGO will done by The Company.

To mention here the microfinance programmes of the Company have been supported by various Governmental and Non Governmental Agencies such as NEDFi, National Backward Classes Finance & Development Corporation (NBCFDC), Assam Financial Corporation (AFC), Allahabad Bank, IDBI Bank and Assam Gramin Vikash Bank. As on date the Company has been working with more than 13,000 families with microfinance operations.

The Company is in operation since last three years have the following strengths and disciplines:-

  • The Company has a strong Board of Directors along with a team of professionals from different fields like management, engineering, agriculture, economics, commerce, science, social work, etc.
  • The Company’s activities are being implement under the strict compliance of RBI guidelines;
  • The Company has its own Fair Practice Codes, which has been developed at par with RBI guidelines and Industrial ethics;
  • The company is rated by international level reputed Rating Agency CRISIL, which have been accepted by the funding agencies like SIDBI, NEDFi, AFC, Oiko Credit, banks etc as qualified investment grades.
  • International Finance Corporation (IFC) has selected the company to sponsor it’s Risk Management Framework exercise. The exercise is being done by an internationally reputed consultancy firm Deloitte Consulting. With this, the company will have its own Risk Management Framework, which will help in a way that will ensure convenient and easy services to its target borrowers while minimizing the risk weighted portfolio management.
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     Our OutReach As on:-
    31-10-18
    No of States 3
    No of Districts 11
    No of Branches 22
    Total Staffs 107
    Loan Outstanding in (Cr) 29.89
    Repayment Rate 99.53 %
    PAR > 30 Days 0.88%
        Product & Services

    The Company offers following set of microfinance services:

     JLG loans for working capital needs and income generation.

     Individual loans for working capital and asset creation for existing business.

     Insurance (In collaboration with Bajaj Allianz.

     Credit Plus Services.

    In short, the Company provides loans to both men and women for meeting their working capital needs and diversifying income sources by taking up livelihood activities and also for up scaling existing businesses through assets creation. It works with poor as well as not so poor categories of people living in both rural and semi urban areas. The following table describes about the different features of the Loan products offered by the Company.


        JLG & Individual Loan

    Purpose:-Income Generation

    Loan Amount:- INR 10000-60000/- in first cycle and maximum INR 10000/- increment in next cycle.

    Rate of Interest:- Maximum 24% reducing rate per annum.

    Loan Processing Fee:- 1% of gross loan amount.

    Security:- NIL

    Membership Fee:-NIL

    Repayment Period:- 1 to 2 years (When loan amount>Rs 30,000/- Repayment period is 2 years.)


    The Company’s loan product is exclusively offered for income generating activities and thereby 100% of its loan portfolio is exclusive for income generating activities. The Company offers following values with its services:

     » Easy and simple process of accessing its services.

     »  Door step delivery and collection of loans.

     » Less time consuming procedures.

     » Different repayment schedules for different segments in accordance to RBI norms.

     » Facilitate need based technical services.

     » Facilitate insurance services.