Attention !! We have our operations in Assam, Meghalaya, Nagaland and Mizoram. Please confirm authentication of the loan officer and local office before loan application and payment of any fee.

Our Journey

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 24 branches across 4 states of North East India viz. Assam, Meghalaya, Nagaland & Mizoram.

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.

Our Presence


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.


To emerge as the most preferred MFI supporting hundred thousand livelihoods in the north eastern part of India by 2018.


To provide quality, customer responsive service and facilitate technical services to the poor and the under-served in order to support sustainable livelihood. While doing so Grameen Development & Finance Pvt. Ltd. microfinance services will strive to emerge as a self-sustaining and robust financial institution


1. To Improve the pace and quality of life of the rural and urban poor especially the village and decentralized sector.

2. To Focus attention on the women, children, scheduled castes, scheduled tribes, minorities and other backward communities for economic self-sustenance.

3. To Create, develop and support self employment avenues for the educated unemployed rural and urban youth.

4. To Build social capital that will be used by the community and for the community.

5. To Utilize optimally all the available natural, social, economic and other resources for the well being of the community.

A business that makes nothing but money is a poor business

Henry Ford

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