Annual Report 2013 – 14
Strengthening Financial Inclusion
Strengthening Financial Inclusion
Sa-Dhan: The Association of Community Development Finance Institutions
Annual Report 2013 – 14
Strengthening Financial Inclusion
Content
Particulars
Page
No.
Chairperson’s Statement
1
Highlights of the Sector
5
Sectoral Credibility Building Initiative
8
Image building, Media engagement and Public relations
9
Engagement with the legislators, members of the standing committee on Finance
9
Voice from the community to the Policymakers
10
Tirunelvelli (Tamil Nadu) Financial inclusion conclave
10
Cuttack SHG Convention
11
New Delhi Interface on Financial Inclusion
11
Meeting with the Finance Minister
12
Meeting with Governor, Reserve Bank of India
13
Channels of Communication
13
MFI Directory
13
Microfinance Institutions (Development and Regulation) Bill, 2012
14
Representation to RBI
15
Self Regulatory Organization (SRO)
16
National Financial Inclusion Conference 2014
17
Policy Engagement on Business Correspondents (BCs) model
18
Sa-Dhan’ SHG related activities
19
A study on the Cost Structure of SHGs & Federations: Promotion to Sustainability
21
Inclusive Credit Information Bureau
21
Data and Research Work: Bharat Microfinance Report
22
State Chapters
23
Membership
25
Membership Survey
26
15th Sa-Dhan Annual General Body Meeting held at New Delhi
29
Member List
30
Auditors’ Report
47
Sa-Dhan: The Association of Community Development Finance Institutions
Annual Report 2013 – 14
Strengthening Financial Inclusion
Sa-Dhan Board of Directors
Mrs. Ela R. Bhatt (Chair Emeritus)
Dr. C. Joslin Thambi
Founder
Managing Director
SEWA Bank
Bullock Cart Workers Development
Association (BWDA)
Mr. Jagdananda (Chair)
Member Secretary
Dr. Ramesh Bellamkonda
CYSD
Managing Director
BSS Microfinance Pvt. Ltd.
Ms. Jayshree Vyas (Co-Chair)
Managing Director
Mr. Kuldeep Maity
SEWA Bank
Managing Director & CEO
Village Financial Services Pvt. Ltd.
Mr. Sharad Joshi (Treasurer)
Secretary
Mrs. Gitanjali Satapathy
Cecoedecon Development Centre
Secretary
Mr. N. Peter Palannisamy
Kalighat Society for Development
Facilitation (KSDF)
Managing Director
Nanayasurabhi Development
Mr. K S Singhwan (Independent Director)
Financial Services
CGM
SIDBI
Sister Rosily
Directress
Mr. P. Satish (Independent Director)
Holy Cross Social Service Centre
CGM
NABARD
Mr. R. D. Gadiyappanavar
Chief Executive Officer
Sanghamithra Rural Financial Servcies
Sa-Dhan: The Association of Community Development Finance Institutions
Annual Report 2013 – 14
Strengthening Financial Inclusion
Reflections from the Chairperson:
The Way Forward
The year 2013-14 has been crucial for the microfinance sector with many challenges
and changes occuring.
Sa-Dhan has been actively engaged in various aspects of the Microfinance Sector
ranging from Microfinance Bill, Regulatory and Legislative Policies, Strengthening
SHG movement, and Credit Bureau (CIBs) through a range of initiatives. A high
quality media and PR strategy on microfinance objectives and activities has been
undertaken to sensitize policy makers, regulators and general public about the role
and needs of the Micro Finance Sector in reaching the unreched. The Association
has also had fruitful discussions with the Reserve Bank of India (RBI) on the setting
up of an Self Regulatory Organization (SRO).
Sa-Dhan has undertaken a series of initiatives to strengthen the SHG movement, be
it in National Rural Livelihood Mission (NRLM); Ministry of Finance (MoF) promoted
Women Self Help Group (WSHG) program or other state programs. Our aim now is to
ensure that the members who have developed and nurtured SHGs migrate smoothly
to NRLM and adequate safeguards and incentives are put in place. The Association
has undertaken a study on the cost structure of SHGs and Federations’ promotion
and sustainability in association with the Centre for Microfinance (CmF), Jaipur and
SRTT. In association of IFC and Experian, Sa-Dhan has organized workshops on
credit information sharing with CIBs.
This year, first time we held our National Financial Inclusion Conference in Mumbai.
The theme of the conference was “Partnership & Future Growth: Emerging roles of
Microfinance Sector”. The conference touched upon many crucial issues ranging from
SRO, Enhancing fund flow to the SHG sector, Inclusive CIBs, SHGs and NRLM to
important aspects of MFI sector. Having the conference in Mumbai also provided an
important forum to understand the concerns of the lending institutions and bring
resolutions towards the liquidity crunch. With the new government at the center, there
is an urgent need for the Association to start engaging at all levels to create an
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enabling environment and, most importantly, to establish a National Microfinance
Policy, as was suggested by the previous parliamentary standing committee. Policy
makers have highlighted that the focus on inclusive growth and financial inclusion will
remain a key priority in the coming years. In addition to this, implementation of RBI
guidelines, adherence to the Unified Code of Conduct, working with the Government
agenda on financial inclusion and NRLM, financial literacy, and working on alternative
models, such as the BC Model, that enhance human and social capital.
This is both the worst of times and the best of times for microfinance in India. While
the current efforts (e.g. for the Microfinance Bill, Regulatory Systems) will bring a lot
of clarity and transparency in the sector. I must emphasize that the strength of this
sector needs to be further developed around grassroots as well as institutional
innovations for deepening our outreach and enhancing our social impact. I am sure
that our improved performance in the emerging landscape will be a pathfinder for the
government and donor community in the common fight against poverty.
Lastly, I would like to reiterate that the sector has come to a critical stage of its
evolution and whilst over the last year the Association has responded to many
challenges, there is still further work to be done. Furthermore, in order to be able to
continue effectively responding to such external and sectoral challenges going
forward, Sa-Dhan itself needs to address various internal challenges and deal with
these head on in the coming months. Some of the important issues to be addressed
are:

Creating common standards for member performance, especially in the light of
member reporting, transparency and sharing of data, to strengthen discipline
and self regulation.

Scaling up the impact of member programs and /or services, and this includes
the Self Help Groups and their federations.

Promoting inter-organizational learning and accountability, in both the self-help
groups, and the MFIs. We should note the increasing growth of the self-help
groups using the Business Correspondent Model.

Increasing visibility and recognition as “the voice of the industry”, based on a
strong depository of knowledge.

Effective networking and engagement with policymakers
government agencies, especially at the State level.

Launching a network-wide innovation process with an innovation scaling up
strategy.
and
other
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
Meeting the needs and expectations of members with a focus on delivering
high quality, low-cost demand-driven services to members

Strengthening the governance, management and efficiency of the network.
I have every confidence that Sa-Dhan can address these issues and emerge as a
stronger and more vibrant association with the capability to guide and shape the
microfinance sector, helping it move beyond the sectoral crisis it has been facing for
some time.
Sd/Jagadanand
Chairperson
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The Context & Priorities
Microfinance movement in India is showing upward trend after undergoing transition
during the past three years. The period under reporting has witnessed several new
developments in the sector. Microfinance Bill was deliberated very intensely among
Parliamentarians and the Standing Committee on Finance. Bank fund flow to MFIs
has regained momentum. SHG movement too reversed its negative trend in bank
linkage with 79 lakh SHGs savings linked and 48 lakh SHGs credit linked.
For Sa-Dhan, this year has been the phase of intense engagement with all
stakeholders to sensitize them to the sector’s perspective on the Microfinance Bill.
Our first set has been building and improving the policy environment for the industry.
On the resource side, we managed to expand our efforts to increase resource flow for
our smaller members, showing a growth of 49 per cent. As part of the efforts, we
were engaged with RBI, NABARD, SIDBI, Banks and other financial institutions.
The Association has attempted to bring in new insights under SHG programme this
year, one on cost structure of SHG promotion and another on individual SHG
members’ data reporting to Credit Information Bureau. The study on the cost of
promotion of sustainable SHGs and Federations was undertaken in association with
Centre for Microfinance (CmF), Jaipur and SRTT. Similarly, in association with IFC
and Experian, we took up ‘Inclusive CIB project’ to explore ways of including SHG
data in CIB data base. The outcome of the study was shared with banks and SHPIs
through two workshops held subsequently on the topic. The projects helped to shore
up resources for Sa-Dhan besides giving opportunities for Sa-Dhan team to
demonstrate its Technical Assistance potential.
During this year RBI has issued notification on SRO for the sector. Sa-Dhan Board
has deliberated upon the pros and cons of Sa-Dhan becoming SRO and made an
application to the RBI for SRO recognition. We have focused on State interventions
through the Sa-Dhan state chapters. Apart from members meet, a series of
workshops and conferences undertaken on several important issues viz. Financial
Inclusion, Regulatory and Code of Conduct Compliance, Banker’s meet, Code of
Conduct validation exercise and others. The overwhelming response inspired us to
develop and disseminate standard manuals on operatios, internal audit, credit and
standard loan documentation process and formats. In March, we have had our
National Financial Inclusion Conference which witnessed an in-depth discussion on
SRO, MFIs, SHPIs, Fund flow, Credit bureau, etc. We are hopeful that our efforts will
yield fruitful results for the sector.
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Highlights of the Sector
Audited figure as on 31st March, 2014.
 MFIs render their services in 28 states and 5 union territories in India.
 MFIs have a presence in 573 districts of the country.
 As on 31st March, 2014 Microcredit cumulative Outstanding through SHG Bank
Linkage and MFI Programmes has crossed Rs.80000 crore.
 As on 31st March, 2014 total number of clients stood at 320 lakh. 67% clients
reside in rural area and rest 33% in urban area.
 The loan portfolio of MFI sector has bounced back after the AP crisis. As of
March, 2014, the total loan portfolio has reached an all time high of over Rs.
30000 crore.
 95% of clients of MFIs are women, this works out to 300 lakhs as of March,
2014. This fact exemplifies the women- empowerment-commitment of MFIs.
The MFIs also serve, as of March 2013, SC/ST clients (58 lakhs) and minority
clients (63 lakhs).
 In November, 2009, the RBI advised banks to draw up a road map to provide
banking services through a banking outlet in every village with population of
more than 2000. As of March, 2013, 2.21 lakh BCs operate in the country.
 MFIs net worth outstanding Stood at over Rs. 7000 crore as on March, 2014
which is the same as previous year. SHPIs have played a very key role in
conceiving and giving momentum to SHG movement. They have been
adequately recognized by NABARD, banks and the government as evident
from their engagement with the SHPIs.
 Microfinance through cooperative organizations have been an important
intervention in credit delivery to the otherwise unbanked population.
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MFI Client Outreach (CO) and Loan Portfolio (LP) across states as on 31 st March,
2013
Source: The Bharat Microfinance Report 2013
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SHG Client Outreach (SCO) and SHG Loan Outstanding (SLO) Across Indian States
as on 31st March, 2013
Source: The Bharat Microfinance Report 2013
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ACTIVITES AND INTERVENTIONS OF SA-DHAN
Following is a brief of some key interventions of Sa-Dhan:
1. Sectoral Credibility building initiative:
Post AP crisis in 2010 the reputation of the sector was badly hit among various
stakeholders and the public at large. Individual perception and understanding of the
sector and its components like rate of interest, coercive recovery practices, multiple
lending & over indebtedness, profiteering etc affected the image of the sector in
media, opinion makers, decision makers etc. For instance many of legislators and
other officials equated microfinance with money lending.
A lot of measures were taken by the Government and the regulator to streamline the
operations of the MFIs and to provide a regulatory framework for the sector. Among
others the MFIDR Bill 2012 was introduced in the Parliament. As the Bill was pending
in the Parliament, it was felt pertinent that the sectoral image and its understanding
among various stakeholder especially the Parliamentarians and media is key to its
passage.
With an objective of building credibility of the sector and presenting the true picture to
the outside world, a sectoral credibility building exercise was undertaken. A crucial
component of the Initiative was to divulge the veracity about the microfinance sector,
especially among the legislators, government officials, standing committee members
and other key stakeholders that lead to an informed debate in the standing committee
discussion over the MFIDR Bill. Some of the objectives of the exercise are given
below:
Following are the central elements of the programme:





Opinion building among Parliamentarians/Legislators
Opinion building and promoting visibility among Media
Deeper engagement with Govt bodies like MoF, MoRD SIDBI, IRDA, PFRDA, etc
Greater engagement with Regulator (RBI, IBA & NABARD)
KOL (Key Opinion Leaders-Bankers/IBA/Academics/Associations)
Key stakeholders including DFID, SIDBI, IFC, FICCI, Sa-Dhan, MFIN and sectoral
experts have jointly designed the intervention and Sa-Dhan acted as the secretariat
for executing the plan.
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Following are the key activities undertaken in this program:
1.1 Image Building, media engagement and Public Relations:
Post AP crisis the debate on microfinance impact was widely visible in the media. It
was observed that the reason for misconception about the sector was due to lack of
awareness amongst the audience about the financial services, gap that exists at the
bottom of the pyramid and the work being done by the microfinance sector in
addressing this gap. The exercise undertook to engage with media houses and
opinion makers to present the developments happening in the sector. Some of our
key engagement and outcomes under this exercise for a period of seven months is
described below:

Various relationship building meetings were held with editors and journalists of
national and regional media houses like Times of India, The Financial Express,
Business India, The Economics Times, Out Look, Business Standard, etc.

This has led to changed perception about the processes and practices of the
MFIs and subsequently there were 11 positive mainstream coverage in national
news along with 69 stories as a result of press releases. Additionally there were
16 feature stories in regional media covering states like Bihar, Rajasthan, MP,
West Bengal and others.

One editorial roundtable was organized with editors of ET and Times Opinion to
update them about the sector and it trends. The meeting resulted with the
national coverage in The Economics Times quoting Sa-Dhan and Bharat
Microfinance Report on 26th of Dec 2013

Social Media page was also developed in twitter to update the mass audience

Relevant news on the sector was shared on the daily basis among the members
called “The Daily Media Monitor”.
1.2
Engagement with the legislators, members of the standing committee
on Finance:
Under this program we had reached out to the offices of all the members of the
standing committee on finance beside other MPs. Precisely, 30 meetings were held
with 19 MPs from 10 different party lines and 10 states. One of the key observations
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of this intervention was to find a favourable change in perception about the sector
among those MPs whom we could establish subsequent meetings.
Meeting with the Chairman of Standing Committee of Finance was extremely crucial
to convene the committee meeting on the MFIDR bill. Sa-Dhan organized a meeting
with the chairman Mr. Yashwant Sinha in his constituency in Hazaribagh on 15th May
and discussed the importance of the bill. It was also requested to him to give an
audience to a sectoral delegation of the sector for a detailed presentation on the
MFIDR Bill. Subsequently representatives from the sector comprised on Mr. Vijay
Mahajan, Ms Veena Mankar, Mr Girija Satish, Mr Mathew Titus, Ms Achla
Savyasaachi met Mr Sinha on 23rd May 2013 in Delhi and raised the importance of
the Bill. Mr. Sinha agreed to take up the MFI Bill in the committee meeting in priority.
Sa-Dhan team had detailed meeting with the then Chief Minister of Gujarat Mr.
Narendra Modi in the sideline of the National Conference on Panchayati Raj & Rural
Development, held at Gandhi Nagar, Gujarat. The Association highlighted the need
and importance of recognizing alternative channels in achieving universal financial
inclusion. Collaboration and synergy of different government programs with
institutions like MFIs and SHPIs were also discussed.
1.3 Voice from the community to the Policymakers:
In our endeavour to present the impact of microfinance on the lives of the poor, SaDhan organized interface events between the clients of the MFIs and the
policymakers especially the MPs. This kind of interfaces an innovating way to present
the voice of the clients directly to the policymakers. The architecture of the affair
imagined the importance of delivering the awareness of the ground reality among the
policy makers and other key legislators. Thence it was designed to bring all the policy
makers, legislators and end users of MFIs product i.e. especially women clients,
under a single roof to discuss their accessibility, availability and affordability of
financial services and assistance.
1.3.1
Tirunelvelli (Tamil Nadu) Financial inclusion conclave
As part of engaging with the parliamentary members of standing committee- Finance,
a district level financial inclusion conclave cum felicitation event for Dr. RamaSubbu,
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MP, Tirunelveli constituency, was jointly conducted by BWDA, Sa-Dhan and MFIN
on 13.07.13 at Tirunelveli. Memorandum to the MP was given in a grand manner with
the presence of some 2000 to 2500 SHG members emphasizing the need for the MFI
Bill
1.3.2 Cuttack SHG Convention
Sh. Bhatruhari Mahtab, Hon’ble MP interacted with members of SHGs and MFIs in a
convention organized by Sa-Dhan. Sharing of experience by the members unfolded
the far-reaching impact of microfinance program in their lives. There were tales of
women being able to come out of the four walls, earning their livelihoods, supporting
their families at times managing as sole bread-earners, financing children’s education
and health care.
1.3.3
New Delhi Interface on Financial Inclusion
Sa-Dhan organized a national interface on Financial Inclusion in New Delhi on 21st
November, 2013. Approximately 50 representatives from MOF, RBI, NRLM, SIDBI,
PFRDA, IRDA, UNDP, DFID, MFI practitioners were also present in the event.
Approximately 200 women clients from across the nation shared their concerns,
issues and impact before the audience. Hon’ble MP Mr. Shiv Kumar Udasi
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appreciated the services provided by the MFIs and expressed concern over the high
cost of fund for the MFIs.
The sessions were crafted into three parts to discourse the impact of microfinance on
livelihoods, empowerment and capital formation. The event witnessed a vibrant
discussion between the clients and policymakers, around the challenges being faced
by women in financial services arena and the immensely positive experience they
have had with microfinance service providers. Various positive aspects of
accessibility to financial services through MFIs vis-à-vis enterprise building and
livelihood promotion, education, health, social security, empowerment, decision
making, leadership etc were thoroughly discussed.
1.4
Ongoing policy Engagements:
1.4.1 Meeting with the Finance Minister
Sa-Dhan was represented in the pre-budget consultation meeting with the Finance
Minister and represented the need for bringing in a fresh legislation for microfinance,
formulating a national policy in financial inclusion, promotion of a credit guarantee
fund for MFIs and favourable taxation treatment to the not for profit MFIs.
1.4.2 Meeting with Ministry of Finance
Besides the finance minister, Sa-Dhan has been meeting the officials in the
department of financial services, MOF for timely updates and sharing progress of the
sector, essentially for MF Bill, credit guaranty fund, National policy for Financial
Inclusion & role of MFIs, WSHG program and various other policy recommendations.
Liquidity has been a major concern especially for NGO-MFIs, small organizations and
unserved and underserved regions. The association made representations to the
senior officials in the Ministry of Finance. It was also shared that a more structured
intervention such as guarantee fund is desired to encourage banks lending to MFIs.
Sa-Dhan has also been interminably engaging with bankers and funders for a
incessantly fund flow to the sector
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1.4.3 Meeting with Governor, Reserve Bank of India
Sa-Dhan called in the Governor of RBI in Feb. 2014 to update him about the sector
and reinforce the need for streamlining regulation. The Governor paid attention to the
issues related to operation of MFIs, policy and regulatory complications, client
outreach and GLP, and many others. Sa-Dhan has also represented the sectoral
delegation to RBI Deputy Governors Dr K C Chakrabarty, Dr H R Khan, Mr Anand
Sinha and other officials and represented the sectoral issues in the RBI monetary
policy review meetings
1.4.4 Meeting with other departments in RBI
Sa-Dhan and its delegation has regularly met different departments in the RBI
including DNBS, RPCD, DBOD, etc on issues pertaining to NBFC-MFI and prudential
regulation, priority sector lending, facilitating fund flow, external commercial
borrowing, BC model etc.
1.5
Channels of Communication:
Along with the above initiatives for sectoral credibility building it was discern that
apart from the above channels we should develop a mode of communication to
communicate a dedicated set of audience periodically on various developments of the
sector. Thence Flyers were developed that are periodic, precise, issues based and
visually added with photos, table, charts, etc. Thenceforth, Sa-Dhan developed three
flyers covering the topic of “Microfinance the promise of Financial Inclusion”,
“Microfinance Sectoral Initiative”, “Legal and Regulatory Framework for MFIs in India”
“Self Help Groups & SHG Movement” and so forth. It was widely circulated among
the parliamentarians, legislators, ministries, government officials, banks, state
government offices, members and many more. It was well appreciated by many of the
readers like members of parliament, government officials, stake holders and others.
1.6
MFI Directory
During interaction with various stakeholders, it was felt that there is widespread
misconception on the total number of MFIs operating in India. Opinion makers and
policymakers have quoted between 200 to 36000 MFIs in existence and the concerns
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associated with their regulation. To alleviate such concern and at the instance of Govt
of India, it was decided to develop a MFI Directory of India with consolidated facts
and figures on number of MFIs, Loan portfolio, client outreach, insurance and pension
portfolio, no. of branches and others.The objective was to establish the number of
MFis operating in india and also to ring fence the bonafide and registered MFIs
against the unscruplus moneylenders in the disguise of MFIs. in the It’s worthwhile to
highlight some of the key findings of the MFIs Directory, as of now 254 MFIs
nationwide have updated their details, the total client outreach of the sample size is
4.15 Cr and gross loan portfolio is 24327 cr. Complete findings will be shared very
soon among the stake holders and members of Sa-Dhan.
2.
Legislative Framework
2.1
Microfinance Institutions (Development and Regulation) Bill, 2012
In the pursuit of legitimizing microfinance operations and to provide a legislative
framework for the MFIs, Sa-Dhan has been advocating for a central Act on
microfinance regulation. Sa-Dhan played a key role in developing the MF Bill 2012,
extensively engaged with the policymakers and lawmaking process for introduction of
the Bill and debate in the parliament. Our efforts primarily remained focused on
meeting the Members of the Parliament especially the members of the standing
committee on Finance, apprising them of the issues of the sector and the importance
of passing the bill. The period under reporting has witnessed a number of
interventions and intense engagements with the policy making bodies including MPs,
MLAs, Standing Committee of Finance, Speaker Office of the Lok Sabha, Ministry of
Finance (MoF), RBI and NABARD. Detailed engagement under this process is
already discussed previously in the report. The journey of Microfinance Bill 2012 has
crossed another important milestone on 4th Oct 2013 as the Parliamentary Standing
Committee on Finance heard oral evidence from the sectoral representatives in which
Sa-Dhan was the key representative. While discussing the Bill, the committee sought
responses on various issues and challenges through a set of questions. As desired
by the Committee, a written response was developed and submitted by Sa-Dhan
(both in English and Hindi). Report of the committee to the parliament has made
number of references to our written submission.
The committee submitted its final report to the Parliament on 13th Feb. 2013. The
committee observed that prima facie the Micro Finance Institutions (Development and
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Regulation) Bill, 2012 has failed to address certain key issues and desired that these
issues should be reviewed de novo. The committee emphasized the need for further
ground work, consensus building, and deeper studies in vital issues. The Committee
suggested for formulating a national policy on financial inclusion which also includes
Microfinance. The committee has suggested for constitution of a unified and
independent regulator for the entire micro finance sector as a whole, which may be
termed as the Micro Finance and Development Regulatory Council (MFDRC) with
representatives from all agencies and institutions concerned like, RBI, NABARD and
SIDBI and the nominees from Central Government and MFIs.
3.
Regulatory Framework
3.1. Representation to RBI
Sa-Dhan had been putting all-encompassing effort to represent and put forth the
issue and challenges of microfinance sector to both RBI and Ministry of Finance. For
all intents and purposes Sa-Dhan continuously engages with various departments of
RBI. Our engagement with RBI has brought in the following changes/dispensations it
the regulatory requirement

Registration of NBFC-MFI – Issue of delay in NBFC-MFI licensing was raised. It
was also highlighted that bankers ask for the license repeatedly and lack of
license deprives the MFIs to raise ECB. The RBI acknowledged the concern of
the sector. License would be issued shortly once the scrutiny of applications gets
over

Margin – Margin cap for all NBFC-MFIs with asset size of more than 1000 cr has
been increased to 12% from the earlier cap of 10%. Effectively, all the NBFCMFIs irrespective of their size would have a margin cap of 12% till 31st March,
2014.

NBFC as BC- Sa-Dhan had been extensively advocating for NBFC-MFIs to
function as BC, Consequently RBI issued a notification allowing NBFC-MFIs to
operate as BCs.

PSL – Under the norms for priority sector lending, aggregate loan for IGA has
been reduced from 75% to 70%.

Sa-Dhan has comprehensively sought for intervention by RBI on state money
lender act which significantly affect the operations of the MFIs.
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A handbook was published by Sa-Dhan “Handbook for MFI on RBI Regulation
and its compliance” for better understanding of regulation and compliance of
MFIs.
4.
Self Regulatory Framework
4.1
Self Regulatory Organization (SRO) – Sa-Dhan has been doing pioneer
work in the sphere of Code of Conduct, reporting on both financial and non-financial
parameters, Grievance Redressal Mechanism, state level mechanism for reaching
out to the ground level engagement with important stakeholders.
Sa-Dhan policy engagement with RBI DNBS brought a significant understanding on
the amount of work the microfinance sector has done to improve the practices in the
field. The Association has not only played a significant role in building consensus
over COC but also developed an evaluation tool, conducted evaluations of three
largest MFIs in AP and nearly 50 other small and medium size MFIs across India with
a help of dedicated team of people. . RBI has recognized the work done and took
various documents from Sa-Dhan in this regards. RBI has issued guidelines towards
recognizing associations as SROs by a press release dated 26th November, 2013.
Following areas have been identified which need due attention:





It should have adequate capital to be able to discharge its functions without
being overly dependent on subscription from members.
The Board should have adequate representation from both large and small
NBFC-MFIs.
1/3rd of the Board of Directors should be independent and not associated with
member institutions.
The Board of Directors and individuals comprising the management should be
considered fit and proper, by the Reserve Bank.
It should have adequate internal controls in place.
Sa-Dhan contemplated ways of becoming an SRO. In due consultation and
discussion with its Board members, NBFC members and RBI, the association had the
following options:


The SRO application process may follow two tracks. Track-1 and Track-2
Track-1 is putting the application to RBI with existing set up to avoid loss of
time. This will also help Sa-Dhan to incorporate suggestions from Sa-Dhan to
complete the SRO process in an informed way.
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Strengthening Financial Inclusion
Track-2 is about moving simultaneously to amend the MoA to incorporate
clauses on inducting independent directors, large and small NBFC MFIs.
Consequently, Sa-Dhan has expressed its intention to become SRO and
submitted application to the RBI.
5. National Financial Inclusion Conference 2014
Sa-Dhan has organized, 9th National Financial Inclusion Conference on March 14,
2014, in Yashwantrao Chavan Centre, Mumbai. The theme of the conference was
“Partnership & Future Growth: Emerging roles of Microfinance Sector”. Renowned
personalities from the sector and various stakeholders across the sector attended the
conference and shared their thoughts and suggestions with the aim to foster growth
with an enhanced regulatory compliance.
The one daylong conference had total of seven panel sessions and a presentation
session. In the opening session, there was a discussion on Financial Inclusion and
Self Regulatory Organization (SRO). Subsequently, parallel sessions one focusing on
MFI segment and other focusing on the SHG segment were conducted. The
panelists, who shared their thoughts from dais, were eminent people from different
institutions such as Reserve Bank of India, Microfinance Institutions Network, Public
Sector Banks, NGO MFIs and Private Sector Banks.
The conference started with in-depth discussion on SRO. Since it is difficult for one
authority like RBI to monitor large number of organizations hence need for SRO was
felt. To act as an independent agency SRO would need to generate funds from other
sources apart from membership fee and its key role would be of effective customer
complaint redressal system. On relation between banks and MFI regarding funding,
use of tools like securitization would help MFIs, apart from present special India
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Microfinance equity funds. Use of technology had helped in making business viable
for banks and affordable for the clients. It has brought down monitoring cost as well.
More people can be covered under financial inclusion through mobile as in rural area
there are more mobile connections than bank accounts.
In the SHG segment, discussions were kicked off with present status check of SHGs
in India, especially after Andhra Pradesh crisis. Discussion also focused on quality
aspect of SHGs and members felt need for nurturing and monitoring of SHGs even
after credit linkages. While discussing inclusive credit information system, members
emphasized on use of cost effective technology. It was further felt that RBI and IBA
should make data sharing compulsory. In another session dedicated on NRLM,
discussion was held on the objective and role of NGOs and civil society
organizations.
6. Policy Engagement on Business Correspondents (BCs) model
In accordance with the mandate of Sa-Dhan to advocate for favorable policy towards
financial inclusion and build the capacity of its members for delivering reliable and
affordable financial services to the poor client in most efficient way. The Association
bears a stronger stake in promoting and strengthening the operations of BC model
and leveraging its full strength through its strong association of community
development finance institutions working in different legal forms and adopting diverse
operational models. Sa-Dhan’s’ 21 MFI members are working as BC in association
with 10 different banks, reaching out to 13.81 lakhs and mobilizing bank savings of
Rs. 1140.05 crores. But in recent times BC model has faced both design and
operational problem. A recent development under this has been the permission of
NBFC to operate as BCs. In order to understand the aforesaid issues in more details,
Sa-Dhan and GIZ have decided to come together to explore opportunities on
synchronizing their efforts around the BC model. As a first step, both have decided to
jointly organize two workshops for microfinance institutions (MFIs) & SHPIs who are
either operating as BC or interested to be a BC. The rationale for conducting the
workshops was to understand the ground challenges in terms of sustainability,
technological, geographical, legal formalities etc. As a step ahead it was also decided
to take the issues and challenges to RBI and MoF for further facilitation on the same.
Following are the broader objectives of the workshops
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

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
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Strengthening Financial Inclusion
To identify the intervention points for improving operations of BC model
To identify, promote and strengthen sustainable business model for BC
operations.
To build the capacity of its members, including technological advancements,
for adoption of BC model and its efficient delivery.
To evolve an efficient supportive supervision and client grievance redressal
mechanism in accordance with RBI guidelines
To evaluate impact of the capacity building component of this project on both
efficiency and quality perspective.
To propose further refinement of the BC model based on evaluation results
and advocate for its promotion as an alternate way of financial inclusion and
branchless banking.
The two events were organized on 16th and 17th of January, 2014 in New Delhi
respectively for MFIs and SHPIs. As a first step towards building a larger joint effort
for strengthening MFIs and SHGs and their federations as banking correspondents,
the two workshops were full of learning. It has been expected to design the future
work based on these learning
Sa-Dhan’ SHG related activities
7.

Sa-Dhan pioneered the work women self help groups (WSHG) with support
from the Ministry of Finance and focused on poorer states, Left Wing Extremist
(LWE) districts and North East states. Our members CECOEDECON, We the
People, Holy Cross Social Service Centre shared their experiences of
implementing the Women’s SHG Scheme in the districts allotted to them. The
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Association subsequently shared the feedback obtained from anchor NGOs
with Ministry of Finance (MoF).

The Association has been in touch of Small Farmers Agriculture Consortium
(SFAC) on possible collaborations between Sa-Dhan members and SFAC.

Sa-Dhan highlighted the need for funds to revive and build capacities of the
existing SHGs at all appropriate platforms like meeting with MoF, NABARD,
RBI, Commercial banks etc. The association sought capacity building funds for
promotion of new SHGs and 2nd tier institutions such as SHG federations,
cooperatives and producer companies.

The Association has recommended necessary policy reforms like changes in
the Producer Companies Act, replication of the MACS Act in Uttar Pradesh
and Rajasthan. Sa-Dhan has organized 4 regional conclaves to discuss policy
and operational issues and to find appropriate solutions on Community Based
Economic Organizations (CBEOs).

The Association has had three meetings with SIDBI’s PSIG program on
collaboration in PSIG states. A proposal on capacity building of SHPIs; BC;
self reliant cooperatives; monitoring and reporting of WSHG; micro insurance,
MFI data work and code of conduct trainings in PSIG sates is submitted to
Ministry of Finance (MoF).

In order to promote ethical and best practices for SHPIs member, the
Association is in the process of developing a self-assessment tool for SHPIs. It
would also include standards and a rating tool for measuring financial and
social performance standards for CBEOs.

Sa-Dhan has been planning to act as an aggregator for CBEOs either directly
or indirectly as a neutral facilitator and extend technical support in the areas of
registration, institutional building, bank finance, collective bargaining etc.
through member SHPIs. This would further strengthen the voice of CBEOs
collectively.

The Association has been closely observing the needs of
livelihood/microenterprise financing needs by visiting several clusters. The
objective is to develop tailor made loan products to enhance
livelihood/microenterprise financing through product diversification.

Sa-Dhan has been intensely involved in policy briefing meetings and
consultations with MoF, RBI and NABARD on BC model to bring necessary
changes in the model for its wider application. Promotion of BC model would
further enhance financial services to microenterprises.
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7.1
A study on the Cost Structure of SHGs & Federations: Promotion to
Sustainability
Sa-Dhan has undertaken a study on the cost structure of SHG promotion and
sustainability in association with Centre for Microfinance (CmF), Jaipur and SRTT.
The title of the study was “A study on the Cost Structure of SHGs & Federation:
Promotion to Sustainability”. Some of the major recommendations from the study are
as follow:
 In regards to the LWE program run by MoF, the grant incentive of Rs. 10,000
looks rational for promoting SHGs in normal conditions. However, to sustain the
SHGs for longer period, it needs to be ensured that the SHGs are credit linked
and they maintain minimum average loan outstanding to render sufficient
service charges to respective SHPIs.
 The study has evidently shown that it takes a long time to attain the desired
goals of SHGs. Therefore focus shouldn’t only be given on promotion of SHGs
but also to sustaining them for longer period. In this regard SHG federations
could be of higher importance, so now time has come to visualize the
importance of SHG federations and work for their sustenance.
 One of the crucial aspects of sustaining SHGs for a longer period is that its
members should have confidence in SHGs and they should see it as effective
mechanism in their fight against poverty. In this regards it is important to
understand that members don’t only feel need for accessibility of financial
services, but also require technical and other supports require for promoting
sustainable livelihoods. SHPIs, therefore, need to assess the needs of SHGs
and plan accordingly at micro-level.
7.2
Inclusive Credit Information Bureau
Sa-Dhan in association with IFC and Experian Credit Bureau has started pilot
programmes in order to enable all borrowers especially those from SHG-Bank linkage
programs and NGO-MFIs to share their data. This has demonstrated a uniqueness of
Sa-Dhan to bring technology to unregulated sectors and help borrowers to become
more financially trained and reduce their indebtedness. Sa-Dhan organized
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awareness workshops on “SHG Members’ Credit Information Sharing with CIBs” one
each in Alwar and Kanpur.
8 Data and Research Work: Bharat Microfinance Report
8.1 Sa-Dhan has been publishing "The Bharat Microfinance Report” since 2004 to
cater to the information needs of the various stakeholders. The report purports to
provide a primary-data based analytical information to the government, policy
makers, the RBI, banks, and MFIs enabling them to make informed intervention in the
sector. 2013 edition was published with help of 155 MFIs data and disseminated to all
stakeholders. Graph-1 shows the trend of no. of MFIs contributing data to the report
series over a period of time. The fluctuation in respondent-number after 2010 is due
to the impact of microfinance crisis on the MFIs in general.
Trend of contributing MFIs over the years
No. of MFIs
300
264
233
250
239
200
172
150
129
155
86
100
50
145
184
41
43
49
53
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Year
Graph-1
The report coverage has been improved significantly over a period of time. In 2013
report, for example a separate chapter on Community Based Organization including
Self Help Groups has been introduced. Similarly, number of parameters and the
depth of analysis have also been improved in a way to make it useful to various
stakeholders.
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9. State Chapters
9.1
North East
Sa-Dhan made a joint representation to Principal Secretary Finance, Assam and
Registrar of Societies, to allow microfinance as a development function so that NGOs
carrying this objective in their MOAs can smoothly renew their certificate with the
registrar of Societies in Assam. Subsequently, a detailed set of documents were sent
to the Chief Minister of the state that includes details of NGO-MFIs working in other
state and various policy documents where NGO MFIs have been allowed to work
under priority sector guidelines etc.
A conference had been organized in Guwahati, Assam with an objective of “Mapping
the Demand & Institutional Responses” in the Financial Inclusion agenda. More than
140 participants attended the conference representing banks, MFIs, researchers,
state govt representatives, policy makers & regulators. Sh. Mansingh Rongpi,
Parliamentary Secretary of Finance and Minister of State, Government of Assam
inaugurated the convention and addressed the participants. The panelist resolves
around the importance of coming together and resolves the innate and external
threats faced by the industry.
9.2
Tamil Nadu
Tamil Nadu state Chapter General Body Meeting was held on 07th June, 2013 in
Chennai. In depth discussion on Income Tax, technology related issues and recent
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development in the sector were discussed. Update on the MFI Bill, skewed bank
funding status, COCA workshops etc have been discussed.
The Association also organized a one day workshop on ‘Regulatory and Code of
Conduct Compliance by MFIs’ in collaboration with SIDBI and Smart Campaign. The
workshop was held on 6th & 7th June, 2013 in Chennai. The purpose of the workshop
was to facilitate the Compliance of Unified Code of Conduct in Sa-Dhan’s member
organizations.
Sa-Dhan jointly with ASSOCHAM organized a Convention on ‘Microfinance:
Synergizing with Banks to Reach the Last Mile’ on 14 th February, 2014 in Chennai.
The convention witnessed in depth discussion on various issues ranging from
General, Regulatory and Operational issues. The convention was concluded with
recommendations on Constant flow of equity to the MFIs, MFIs should be considered
a part of mainstream, renewed focus on quality of service and customer protection,
adoption new technologies in a big way, need to pay attention towards PACS, Credit
rating of MFIs, interaction between banks and microfinance institutions.
9.3 Odisha
The state government had repealed the Odisha Self Help Cooperative Act as a ripple
effect of chit fund scams in eastern India. Sa-Dhan in consultation with its State
Chapter has facilitated the formation of the platform, “Samabaya Surkhya Manch
(SSM) to bring the voices together to take action against the repealing of OSHCA2001. Time to time Odisha High Court hearings and developments of the issues were
being communicated to the members. Series of meetings helped the members to
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resolve their issues among themselves and to be alert as per State Cabinets decision
& guidelines of Department of Cooperation on repealing of OSHCA-2001. Model bye
laws from the State Cooperative Union have been collected and communicated to the
Cooperatives and members; which helped them to modify their Bye Laws as per
earlier State Cooperative Act and timely submission of the documents to the
Registrar of Cooperatives Societies, Department of Cooperation.
10. Membership
Sa-Dhan continuously strives to broaden its membership base. The membership
pattern as on 31st March, 2014 is given in the Table - 1
Type of Membership
Legal Forms
Primary
94
NBFC
63
Associate
146
Society
100
Total
240
Trust
24
Sec. 25 Company
23
Cooperative
13
Operation
Direct
175
Bank
05
Indirect
65
Local Area Bank (LAB)
02
Total
240
Pvt. Ltd. Company
10
Total
240
Table-1
10.1 New Member
During the FY 2013-14, 9 new institutions have joined the Association. The name of
institutions are as follow:
 Shikhar Microfinance Pvt. Ltd. (SMPL)-NBFC – Delhi
 Intrepid Finance & Leasing Pvt. Ltd. -NBFC– Maharashtra
 Chanura Microfin Manipur –NBFC- Manipur
 Apex Abishek Finance Ltd. –NBFC- Tamil Nadu
 Growing Opportunity Finance (India) Pvt. Ltd. –NBFC- Tamil Nadu
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 REPCO Microfinance Ltd. -NBFC– Tamil Nadu
 Unnati Trade & Fincon Pvt Ltd - NBFC - West Bengal
 Annapurna Microfinance Pvt Ltd - Society - West Bengal
 Dakshin Budhakhali Improvement Society (DBIS) - NBFC - Odisha
10.2
Membership Survey
This year Sa-Dhan undertook one membership survey across the India with an
objective to understand the expectation of Members from the Association and to
articulate the vision for the Association in 2020. Given the state of the sector today,
to remain relevant to members and to our mission, Sa-Dhan has to deep dive in to
the challenging topics of raising liquidity, implementing an effective Code of Conduct
tool, looking at the holistic issues facing SHGs, promotional measures for Self Help
Groups, SHG credit bureau pilot, WSHG, building an impartial SRO framework and
working through the challenges of our membership structure.
The membership survey from 65 Institutions across India including 34 Primary and 31
Associate members from 15 States have been received and analyzed. The feedback
as per Legal form and State wise are as follows:
Legal form wise no.
of feedback from
Members
7
4
7
7
29
NBFC-MFI
5
7
NBFC
8
8
2
State wise total no.
of feedback from
Members
4
1
1
7
14
Society/NGO
3
AP
5
AS
3
BR
GJ
2
13
2
JH
KA
The Association has received precious feedbacks in all aspects of Policy Advocacy,
Capacity Building Measures, Research & Data Work and other initiatives. Members’
feedback would enable us to prioritize our action accordingly for fruitful result.
Analysis of the feedback and the average score clearly indicates that members
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expectation from Sa-Dhan hinge upon three thematic areas i.e., Policy & Advocacy,
Capacity building and Research & data work. The expectations of member MFIs from
Sa-Dhan are as follows:

SRO- Sa-Dhan shall be recognized as SRO at the earliest so that a standard
can be followed amongst its members.

Microfinance Bill- Sa-Dhan should work more seriously for passage of the bill
at the earliest. Interface with Policy Maker, RBI, NBFC/MFI CEO, Political
Leader, Women Leader, Bankers;

Efforts should be made for more frequent interactions with Banking Sector; SaDhan should provide for support to members in the areas of training, MIS
development etc.; Training to CEO/Board of Director for NBFC management,
RBI Law; Training to Middle Level Management on NBFC Management &
Various regulation affect on NBFC micro finance practices; Periodic Visit and
Feed Back sharing on data.

Sa-Dhan should conduct annual conference at different places in India for the
benefit of members to disseminate policies and ensure compliance of
regulations being an SRO.

Sa-Dhan should work on mobilising new loans from lenders as they still facing
problem in getting sanction of new loans and struggling to survive.

RBI’s policy on NBFC-MFI in regard to lending to an individual by two MFIs,
ceiling on annual income of microfinance clients.

Building client’s awareness about present industry norms.

Strengthening the SHG movement with increased promotional fund and bank
linkage; Development of technology for transactions.

Capacity building of SHG members and their leaders on SHG management,
Financial literacy, Livelihood promotion initiatives, Social issues which help in
the empowerment of women; More data should be generated to find out as to
how and to what extent microfinance program is effective in poverty alleviation
and livelihood promotion
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Strengthening Financial Inclusion

Coordinate with MFIs (Banks / FIs as well) in submitting the accurate and
qualitative and up to date client data to Credit Information Companies (CICs)
on regular intervals not lesser than 30 days including the organizations
working with SHGs & JLGs;

Teaming up MFIs (top managements) for policy issues discussion and conflict
resolutions etc. on issues of pricing transparency, client protection &
governance practices etc.

Need to work on the Consolidated and Cumulative Geographical Operational
Syndication of MFIs and may suggest the MFIs to take new initiatives to fill the
regional syndication operational gaps

To initiate dialog with various mainstream insurance agencies so as to develop
more suitable user friendly composite insurance products for clients.

Credit Linkage to WSHG and Interest rate of WSHG loan; Financial Literacy;
Overlapping of WSHG with NRLM.

Information about New Donors Banks and Investors; Knowledge exchange
programmes; Workshops / Training of partners on emerging issues;
showcasing unique models of MF initiatives.

10.3
With NABARD for more fund flows for SHPIs; With NRLM for NGOs
engagement ; Code of conduct for SHPIs; NGOs head capacity building for
sustainable SHG model and linking with livelihoods; Documents best practices
in the sector on SHG-livelihood theme.
Monthly Member Teleconference Initiative (MMTI)
Every district and state has different issues, some are homogenous and others are
not. In depth understanding of the issues, would help the Association to act
strategically on its interventions including policy, capacity building and SRO related
activities. Owing to time and distance constraints, it is not feasible to meet regularly
all members of a particular state. Taking this into consideration Sa-Dhan has started
a periodic state specific teleconference event. We have organized MMTI with West
Bengal and North East. It has also been instrumental to source the issues on larger
platform e.g. the issue of multiple lending in North East, raised by the members
during MMTI, had been a topic discussed in the National Conference.
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11 15th Sa-Dhan Annual General Body Meeting held at New Delhi
Sa-Dhan conducted its 15th Annual General Body meeting on 24th September, 2013
at India Habitat Centre, New Delhi. The Annual General Body meeting was attended
by 90 representatives from member organizations.
Highlights
 Dr. Amiya Sharma, then Chair of Sa-Dhan, welcomed 4 new members, namely
G U Financial Services Pvt Ltd., Annapurna Microfinance Pvt Ltd., Dakshin
Budhakhali Improvement Society & Unnati Trade & Fincon Pvt Ltd.
 The General Body considered and adopted the minutes of General Body meeting
held on 6th August, 2012.
 The General Body considered and adopted the Directors Report and Audited
Account for the financial year April 2012 – March 2013.
 Election of the Governing Board members. Following were joined the Sa-Dhan
Board.
 Mr. Jagadananda – CYSD
 Ms. Jayshree Vyas – Sewa Bank
 Dr.
Ramesh
Bellamkonda
–
BSS
Microfinance
 Mr. Kuldip Maity – Village Financial
Services Pvt. Ltd.
 Ms. Gitanjali Satapathy – Kalighat
Society for Development Facilitation
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Sa-Dhan Member List - State wise
ANDHRA PRADESH
Mr. S. C. Hassain
Mr. P. V. Ravikumar
Chief Executive Officer
CEO
The Payakaraopta Women’s Mutually Aided CoStar Youth Association
(Star Microfin Service Society)
operative Thrift and Credit Society Ltd.
(PWMACTCS)
Central Office: 17-178-17/1,
Beside Telephone Exchange,
Flat No. 3&4, Siva Surya Apartments, Main Road,
Velgode (K) village, Kurnool District -518533,
Payakaraopeta-531126,
Andhra Pradesh
Vishakapatnam Dist Andhra Pradesh,
Mr. M. Ernest Paul
Saadhana MicroFin Society
nd
# 50-760A-116, 2 Floor
Gayatri Estates, Kurnool,
Andhra Pradesh - 518 002
Mr. G. Dasratha Reddy
CEO
Future Financial Services Ltd.
4-368, CB Road, Greams Pet,
Chittoor, 517002, AP.
Dr. G. Muniratnam
General Secretary
Rashtriya Seva Samithi (RASS)
Seva Nilayam, Annamaiah Marg
AIR By Pass Road, Tirupati, Chittoor District 517 502 Andhra Pradesh
Mr. L. Jayakumar,
Secretary & CEO
Hope Integrated Rural Development Society
H-no 45/142/8, Upstairs,
Road no 2, Venkataramana Colony,
Kurnool. 518003 Andhra Pradesh.
Mr. Varikuty Prabhudas
CEO
CRESA Financial Services Pvt. Ltd
D.NO. 73-12-4A,Near Muncipal
School,Narayanapuram, Rajahmundry, East
Godavari, A.P.-533106
Mr. N. Satyanarayana
CEO
Siri Micro Fin Society
rd
28 & 29, 3 floor, Ucon Plaza, Park Road,
Kurnool – 518002 Andhra Pradesh
Mr. Patan Nazeer Khan
PARTNER
1/71-4, Rajiv Marg, Yeramukka Palli
Kadapa- 516004, Andhra Pradesh
Mr. Jakkuluri Manimma
CEO
Mother Therisa Mahila Mutually (MTMM)
Aided coo-perative credit society ltd
Muppalla (Po.) Chandariapadu(Mdl)
Krishna district , Pin No – 521183 Andhra Pradesh
Dr. Amiya Sharma
Executive Director
Rashtriya Gramin Vikas Nidhi (RGVN)
th
Rajgarh Road, 8 Bye lane, Kamrup
Guwahati - 781003 Assam
Sri B. Paul Muktieh
Chairman & Managing Director,
North Eastern Development Finance
Corporation Limited, (NEDFi)
NEDFi House, G.S. Road Dispur, Guwahati ,
Kamrup- 781 006, Assam
ASSAM
Dr. Anjana Borkakati
Managing Director
Prochesta
Sonadhar Senapati Road
Goswami Service Station, House No - 2, 2nd Floor
Silpukhuri, Guwahati - 781 003
Mr. N. Irabanta Singh
CEO
UNACCO Financial Services Pvt. Ltd.
4-15/402, National Games Village Apartment, Borrajai,
Beltola, Kamrup, Guwahati-781029
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Mr. Sarat Ch. Das
Grameen Sahara
nd
2 floor, Samabai building,
kulshi road, chhaygaon, Kamrup-781124
Assam.
Mr. Pratim Chelleng
President
Global Welfare Society, GLOWS
2nd floor, Dewan Market, Opp. ESIC office,
Bamunimaidan, Guwahati, Kamrup, Assam- 781021
Mr. Hiren Kalita
Secretary
Ajagar Social Circle
Agia, Goalpara, Assam- 783120
Mr.Nirmal Sharma
Secretary
All Assam Socio Economic & Health Association
(AASHA)
Tilana Village, Po: Mugkuchi,
Dist: Nalbari, Pin No: 781334
Ms.Rupal Kalita
MD
RGVN (North East) Microfinance Ltd
House No- 2,Padma Path ,Bye Lane No-8,
R.G.Baruah Road, Zoo Road Tiniali,
Guwahati,Kamrup – 781024 Assam
Mr. Arbind Singh,
Executive Director,
NIDAN Microfinance Foundation
304, Maurya Tower,
Block-C, Maurya Lok Complex,
Patna-800 001, (Bihar) India
Mr. R.R. Kalyan
CEO
Centre For Development Orientation &
Traning (CDOT)
96/1E, 2nd Floor, Opp. Lotus Appt.
New Patliputra Colony, Patna- 13 Bihar
Mr. V. Satyamurti
Chief Executive Officer
All India Association for Micro Enterprise
Development (AIAMED)
K - 6, Akash Barathi Apartments
24 - I. P. Extension Delhi-110 092
Mr. Vipin Sharma
Program Director
Access Development Services
28, Hauz Khas Village,
New Delhi-110016
BIHAR
Mr. Thakur Rabindra Nath
Secretary
Societal Upliftment & Rural Action for job &
Empowerment (SURAJE)
AT & P.O. Karghar, District Rohtas – 821107, Bihar.
Mr. Shashi Ranjan Sinha
CEO
Saija Finance Private Limited
3rd Floor Uma Complex , Fraser Road
Patna,Bihar-800001
DELHI
Mr. Manas Satpathy
Executive Director
PRADAN
E-1 A, Kailash Colony,
New Delhi – 110 048
Mr. Sanjay Kumar
Director
SEWA Bharat
st
# 7/5, 1 Floor, South Patel Nagar
New Delhi - 110008
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Dr. N. P. Singh
Co-Chairman
Asian Society for EntrepreneurshipEducation & Development (ASEED),
Aseed House,
C-8/8007, Vasant Kunj,
New Delhi – 110070
Rtn. Mr. T.K.Mathew
Secretary & Chief Executive
Deepalaya
46, Institutional Area, D Block
Janakpuri, New Delhi - 110 058
Mr. H. P. Singh
Chairman cum Managing Director
Satin Creditcare Network Limited
th
5 Floor, Kundan Bhawan
Azadpur Commercial Complex
Delhi- 110033
Dr. Rajesh Kumar
Chief Executive Officer
Society For Promotion of Youth & Masses (SPYM)
111/9, Opposite Sector B-4,
Vasant Kunj, New Delhi – 110070
Mrs. Veena Kohli
President
All India Women’s conference
Sarojini House, 6, Bhagwan Das Road,
New Delhi - 110001
Mr. Ravi Gupta,
COO
Planned Social Concern
G- 76, Harsh Path, Shyam Nagar,
Jaipur- 302019
Shri J.N.L Srivastava
Chairman
Ishara Finance & Rural Development Pvt. Ltd.
IFFCO Foundation, IFFCO House,
34, Nehru Place, New Delhi - 100019
Mr. Satyavir Chakrapani
CEO
Shikhar Development Foundation
nd
A-113, 2 Floor, Behind ICICI Bank
Palam Extension, Dwarka sec- 7
New Delhi – 110077
Mr. Ajaya Mohapatra
Chief Executive Officer
We the People
102, D-211, Laxmansingh Complex-I
Munirka, New Delhi-110067
Mr. Kultar Singh
CEO
Sambodhi Research & Communications Pvt. Ltd.
O-2, Second Floor, Lajpat Nagar Part-II
New Delhi- 110024
Mr. I.S Phogat
General Manager
Punjab National Bank
Priority Sector & Lead Bank division
(Agri-Business Cell)
Head Office ,Atma Ram House
1,Tolstoy Marg, New Delhi-110001
Mr. G. Senthil Kumar
Manager
CARE India
E-46/12, Okhla Industrial Area, Phase II,
New Delhi – 110020
Ms.Bhagyashri Dengle
CEO
Plan International (India Chapter)
E-12,Kailash Colony, New Delhi-110048
Mr. Satyavir Chakrapani
Chief Executive
Shikhar Microfinance Pvt Ltd. (SMPL)
A-113, 2nd Floor, Behind ICICI Bank
Palam Extention, Sector -7, Dwarka
New Delhi – 110 077
Smt. Ela R Bhatt / Ms. Jayshree Vyas
Founder / M.D.
SEWA Bank
109, Sakar-II, Opp. Town Hall,
Ellisbridge Ahmedabad – 380 006Gujarat
GUJARAT
Ms. Vijayalakshmi Das,
Chief Executive Officer
Friends of Women’s World Banking India (FWWB)
101, Sakar I Building, Opp: Gandhigram Station,
Ashram Road, Ahmedabad Gujarat - 380 009
Sa-Dhan: The Association of Community Development Finance Institutions
32
Annual Report 2013 – 14
Strengthening Financial Inclusion
Ms. Gazala Paul
Managing Trustee
Samerth Trust
Q-402, Shrenand Nagar Part-II
Vejalpur, Ahmedabad, Gujarat-380 051
Mr. Divyang Bhatnagar
CEO
The Saath Savings and Credit Cooperative Society
Ltd.
0/102, Nandavan-V, Near Prernatirth Jain Derasar,
Jodhpur, Ahmedabad, Gujarat-380 015
Dr. Dinesh Awasthi / Mr. Manoj Mishra /
Vasant Patel.
Entrepreneurship Development Institute of
India (EDI)
Near Village Bhat,
Via. Ahmedabad Airport & Indira Bridge
P.O.Bhat 382 428, Dist. Gandhinagar,
Gujarat
Mr. Jayendra Patel
Vice Chairman & MD
Arman Financial Services Limited
502-3-4, Sakar III, Opp. Old High Court
Off. Ashram Road, Ahmedabd-380 014.
Gujarat.
Mr. Bhadresh Rawal
Chief Executive
PRAYAS (Organisation for Sustainable
Development)
60, Maruti Nagar, Near Yadav Nagar,
Meghpur Road, Anjar, Kuttch- 370110, Gujarat
Indian School of Microfinance for Women
nd
2 floor - Shukun Arcade, Nr. Medisurge Hospital,
Mithakhali six road, Ahmedabad-380006. Gujarat
Ms. Vijayalakshmi Das
CEO
Ananya Finance For Inclusive Growth Pvt.Ltd.
101, Sakar 1 Building,
Nr. Gandhigram Station, Ashram
Road, Ahmedabad - 380 009, Gujarat
HARYANA
Ms. Frances Sinha,
Executive Director
EDA Rural Systems Pvt. Ltd
nd
# 602, Pacific Square, 32 Milestone, NH 8
Gurgaon 122 001
Mr. Deepak Alok
Director
Prime M2i Consulting Pvt. Ltd.
A-19, Eldeco Station 1
Sector 12, Faridabad - 121007,
Mr. Rakesh Dubey
President
S. V. Credit line (P) Ltd.
5th Floor, Tower B, SAS Towers, Medicity,
Sector - 38, Gurgoan - 122001. Haryana
Mr. Girija Satish
Executive Director
Nav Bharat Jagriti Kendra (NBJK)
At-Amritnagar, PO Korrah,
Dist. Hazaribag-825301Jharkhand
Mr. Tanay Chakravarty
Managing Director
Ajiwika Society
Behind SBI Training Centre, Williams Town,
B.Deoghar, Jharkhand - 814 112
JHARKHAND
Sister Rosily
Directress
Holy Cross Social Service Centre
Post Box 59, Hazaribagh - 825301
Jharkhand
Mr. Bhawani Shankar Gupta
Secretary
SUPPORT
D.V.C. Colony, Behind Hanuman Mandir Hazaribagh,
Jharkhand – 825301
Sa-Dhan: The Association of Community Development Finance Institutions
33
Annual Report 2013 – 14
Strengthening Financial Inclusion
Dr. Shyam Kunwar Bharti
Gen. Secretary
Mahila Kalyan Samiti
Dhori Staff Quarter, Near Dhori Dispensary,
P.O – Dhori, P.S – Bermo, Pin – 825102,
Distt – Bokaro, Jharkhand
Mr. Gautam Jain
Managing Director
Vedika Credit Capital Ltd.
th
406, Shri Lok Complex, 4 Floor, H.B. Road,
Ranchi, Jharkhand- 834001.
Mr. Bajrang Singh
Director cum Secretary
Samarthan Weakling Development
Foundation
Rajbari (Tali Bangala), Mihijam, Jamtara,
Jharkhand- 815354
KARNATAKA
Mr. R.D. Gadiyappanavar,
Chief Executive Officer,
Sanghamithra Rural Financial Services,
No. 612, 1C Main Road, Domlur Layout,
Bangalore-560071.
Mr.N.D Tiwari
Executive Director
OUTREACH
No.205, HBR Layout, 1st Stage Extension, 2nd Block
Bangalore – 560 043, Karnataka.
Dr. Ramesh Bellamkonda
Chairman & MD
BSS Microfinance Private Limited
Regd. Office: No.11, 2nd Block, 2nd Stage,
Outer Ring Road, Near BDA Complex,
Nagarbhavi Layout, Bangalore-560072
Mr. Suresh K. Krishna
Managing Director
Grameen Financial Services Pvt. Ltd.
No. 26, Srinivas Arcade, Srinidhi Layout
Opposite Srinidhi Public School,
Chunchanagatta,Bangalore – 560078
Karnataka
Ms. Santosh Vas
Chairperson
Janodaya Public Trust
th
th
No.3, 9 Cross, 5 Main,
Jaymohan Extension, Binson Town post,
Bangalore, Karnataka-560 046
Mr. Albin Pinto
Managing Director - Finance
Opportunity Microfinance India Ltd.
#139 (1st Floor), Infantry Road
Bangalore-560 001
Kaveri Credits (India) Pvt. Ltd.
th
th
No. 219/26, 6 main, 4 Block,
Jayanagar, Bangalore-560 011
Mr. Narayana Swamy M.
Chief Executive
SAMUHA
nd
157/48/1, 2 cross, T Ramayya Garden
SOS Childrens village post, Hulimavu Village,
Bannerghatt road Bangalore – 560076, Karnataka
Dr. L. H. Manjunath
Executive Director
Shri Kshethra Dharmasthala Rural
Development Project
Dharmashri Building, Dharmasthala,
Belthangady Taluk, Dakshina Kannada District,
Karnataka - 574 216
Mr. C.Y.Bhardwad
Chaitanya Institute for Youth & Rural Development
(CHINYARD)
At/PO: Agadi, Via Aralikatti, Tq. Hubli,
Dist. Dharwad, Karnataka 581207
Sa-Dhan: The Association of Community Development Finance Institutions
34
Annual Report 2013 – 14
Strengthening Financial Inclusion
Eric Savage
Co-Founder & President
Unitus Advisors Pvt. Ltd.
No. 9 / 3, Kaiser-E-Hind
st
1 Floor, Richmond Road
Bangalore - 560 025, Karnataka
Mr. Vivekanand N. Salimath
Chairman
IDF Financial Services Pvt Ltd.
st
st
1 Floor, 147, 1 Main, 11 ‘C’ cross
nd
West of Chord, 2 stage
Mahalakshmi Puram Bengaluru - 560086, Karnataka
Mr. Samit Ghosh
CEO and Managing Director,
Ujjivan Financial Services Pvt Limited
Manjunath complex, No. 93 Jakkasandra
Extension Sarjapur Main Cross Road,
st
1 block Koramangala,
Bangalore - 560034, Karnataka
Mr. Abhishek Agarwal
Country Head - India
ACCION Technical Advisors India
rd
No. 9/3, Kaiser-E-Hind, 3 Floor
Richmond Town, Bangalore - 560 025
Mr. Niranjan Sheelavant
Secretary / CEO
Nirantara Community Services
No- 19-1-160, Basavashraya,
th
th
5 Cross, 6 House, Shivnagar South, Bidar,
Karnataka- 585401
Mr. Paramasivaiah N T
Mr. Nagendra V. Mali
Managing Director
Navachetana Microfin Services P Ltd
Mali Compound, Shivabasavnagar,
Havri-581110, Karnataka
Mr. P. Narayanappa
CEO
Prakruthi Foundation
41, Sri Srinivasa Nilayam
st
th
1 floor, 7 main, Jayaram reddy layout
Horamavu Main road Bangalore – 560043,
Karnataka
Mr. P. S. Reddy
Managing Director
RORS Finance Private Limited
65, Ramakrishna Extension
Srinivaspur P.O.Dist. Kolar – 563135,
Karnataka
Ms. Shibani Sachdeva
Regional Director
Planet Finance India
nd
12/1 2 floor, Haudin road
Ulsoor, Bangalore- 560042
Mr. V S Radhakrishnan
CEO
Janalakshmi Financial Services Pvt. Ltd.
Rajashree Saroja Plaza,No.34/I,Andree
Road,Shantinagar, Banglore -560027
KERALA
Mr. B. S. Balachandran
Mr. K. Paul Thomas
General Secretary
Executive Director
Bharat Sevak Samaj (BSS)
ESAF Microfinance & Investments Pvt. Ltd.
Sadbhavana Bhavan, Brahmins Colony, Kowdiar (EMFIL)
nd
P.O. Thiruvananthapuram - 695003, Kerala
ESAF Centre P. B. No. 12, 2 Floor, Hephzibah
Complex, Mannuthy, Trichur-680651, Kerala
Fr. Paul Cherupilly
Executive Director
Welfare Services Ernakulam
Ponnurunni, Vyttila P.O.,
Dist. Ernakulam, Kochi -682 019,
Kerala.
Mr. Jayson Joy M.J
Managing Trustee
Shalom Microfinance Limited
Bldg.No-59, Shalom Bhavan, Devi Nagar,
Nurani P.O., Palakkad - 678004, Kerala
Sa-Dhan: The Association of Community Development Finance Institutions
35
Annual Report 2013 – 14
Strengthening Financial Inclusion
Chairman
HOPE Microcredit Finance (India) Pvt. Ltd.
Hope Complex, Near Stadium, Bus Stand,
Coimbatore Road, Palakkad – 678 001, Kerala
Mr. Indra Bhusan Verma
Executive Secretary
Bal Mahila Vikas Samiti - VAMA
9-C, Maharana Pratap Nagar,
Near Jiwaji Club, Lashkar,
Chetakpuri Road, Gwalior – 474009 MP
Mr.M.M Hassan
Chairman
Janasree Sustainable Development Mission
City/Town: Thiruvananthaputam,District:
Thiruvananthapuram, Kerala-695014
MADHYA PRADESH
Kum. Arti Kushwah
Chief Executive
Priyasakhi Mahila Sangh
92/4, Bhagat Singh Nagar, Sanwer Road
Banganga, Indore – 452 007
Madhya Pradesh
Mrs. Rekha Koushal
CEO
Aprajit Mahila Sakh Sahakarita Maryadit
121,Aadarsh Bijasan Nagar, Pardeshipura,Indore
Madhya Pradesh-452008
Mrs. Harvinder Bedi
CEO
Development Support Team (DST)
Flat No. 2, Pooja Heritaje Apartments
Plot No.46, Anand Park, Lane No.3,
Aundh, Pune - 411007
Mr. Amul Urdhwareshe
Director
Sahayog Microfinance
E - 7/88, Lala Lajpat Rai Society,
Arera Colony, Bhopal – 462016 Madhya Pradesh
MAHARASHTRA
Housing Development Finance Corporation Ltd.
(HDFC),
th
Romon House, 4 Floor, H T Parekh Marg, 169
Backbay Reclamation, Churchgate, Mumbai – 400 020
Dr. Sudha Kothari
Managing Trustee
Chaitanya
Head Office:
Moti Chowk, At. P:ost. Rajgurunagar,
Tal. Khed, Dist. Pune – 410 505
Dr. Marcella D’souza
Executive Director
Watershed Organization Trust (WOTR)
`Paryavaran' Behind Market Yard,
Ahmednagar - 414 001, Maharashtra
Brig. Raghunath V. Jatar
Executive Trustee
Development Initiative for Self-Help and
Awakening (DISHA)
C/o. Samaj Seva Kendra,
S. N. 4272, Behind Akrudi P.O,
Akrudi, Pune, Maharashtra- 411 035
Ms. Sonali Ponshe Vayangankar
Vice Chairman & Managing Director
Mahila Arthik Vikas Mahamandal Ltd. (MAVIM)
Mezzaninie Floor, MHADA BLDG, Kalanagar, Bandra
(E), Mumbai, Maharashtra- 400 051
Ms. Preeti Telang
CEO
Swadhaar FinAccess
Head offiice:
101,Jolita Complex ,Plot No.639
Ghatla Village Road,N.B.Patil Marg
Chembur(East),Mumbai-400071
Mr. K. Hariharan
AVP, Microfinance Institution group, Development
Banking
YES Bank Ltd
th
Nehru Centre, 09 floor, Dr. Annie Besant Road,
Worli, Mumbai, Maharashtra 400018
Sa-Dhan: The Association of Community Development Finance Institutions
36
Annual Report 2013 – 14
Strengthening Financial Inclusion
Mr. A. K. Garg
Managing Director
Agricultural Finance Corporation Ltd
Dhanraj Mahal, First floor,
Chhatrapati Shivaji Maharaj Marg,
Mumbai - 400 001
Mr. Rajesh Badakh
CEO
Sakhi Samudaya Kosh
Plot No. 16, Umberge Niwas,
Meher Nagar, Bijapur road,
Solapur, Maharashtra - 413001
Smt. Shikha Sharma
Managing Director & CEO
Axis Bank Ltd.
Axis House,
C-2 Wadia International Centre, Pandurang
Budhkar Marg, Worli, Mumbai - 400 025
Mr. Anil Jadhav
Chairman
Hindusthan Microfinance Pvt Ltd Hindusthan
Bhawan, Ambedkar Nagar,
Jarimari, Kurla Andheri Road
Kurla, Mumbai, Maharashtra- 400072
Mr. Crispino Lobo
Executive Director
Sampada Trust
“Sampada”Behind Market Yard,
Ahmednagar, 414001, Maharashtra
Mr. Murali Natarajan
Managing Director & CEO
Development Credit Bank
Corporate & Registered Office,
Peninsula Business Park, Tower ‘A’, 6th floor,
Senapati Bapat Marg, Lower Parel, Mumbai – 400 013
Mr. Ramraj Pai
Director CRISIL Ratings
CRISIL Ltd.
CRISIL House, 121/122
Andheri-Kurla Road, Andheri (E)
Mumbai- 400093
Ms. Subhada Deshmukh
President
CHALANA
Amhi Amchya Arogyasathi, Taluq. Kurkheda,Dist.
GARCHIROLIMaharashtra
Ms. Veena Mankar
Managing Director
Swadhaar Finserve Pvt Ltd
603, Shree Prasad House, Plot no. 517, 35th
road, TPS – III, Bandra (West),
Mumbai – 400050
Mr. Royston Braganza
CEO
Grameen Capital India Ltd.
th
402, 5 floor, 36 Turner road, Bandra (W)Mumbai400050, Maharashtra
Mr. Sanjay Kher
National Sales Manager- Special Products
SME Rating Agency of India Ltd.
st
Sumer Plaza,Unit No.102,1 Floor,
Marol Maroshi Road,Marol
Andheri –East, Mumbai- 400059
Mr. Avijit Saha,
ICICI Bank Ltd
General Manager- Rural & Inclusive Banking Group
Corporate Head Office ICICI Tower, 4th Floor, Nrth
Tower, East Wing, Bandra Kurla Complex,
Bandra (East), Mumbai- 400051
Mr. Rishi Gupta
COO & ED
Intrepid Finance & Leasing P. Ltd
Plot 38/39 Tarun Bharat, Sector 30, Sanpada,
Navi Mumbai – 400705
Mr. Tennyson Kazingmei
Executive Director
Volunteers for Village Development, (VVD)
VVD Wildwood Training Centre, Border road,
Kharar Shongza, Hundung, Dist- Ukhrul,
Manipur-795142
MANIPUR
Mr. Y. Biren Singh
Secretary General
OISCA-Manipur Chapter
Sangaiparou, Air port Road,
Imphal-795-001 Manipur
Sa-Dhan: The Association of Community Development Finance Institutions
37
Annual Report 2013 – 14
Strengthening Financial Inclusion
Mr. AK. Tikendrajit Singh
CEO
Youth Volunteers Union
Waiview Bhavan,Thubal Wangmataba, Thoubal–
795138, Manipur
Mr. Lamkhomang Kipgen
CEO
WSDS- Institute of Innovative technology transfer
and Environment
GOLLUT GENS Post Box No. 58(HPO), New
Lambulane, Imphal (East)- 795001, Manipur
Mr. K. James Lalrongbawl
MD
North East Region Finservices Ltd.
Jim Blessing Home, Ground Floor, Sangaiprou,
Airport Road, Imphal, Manipur – 795001
Mr. P K Khuman
CEO
Chanura Microfin Manipur (CMM)
Hodam Leirak Machin Airport Road, Opposite Tiddim
Oil Pump, Imphal West-795001, Manipur
Mohammad N. Amin
President
ADHIKAR
113/2524, Khandagiri Vihar, Khandagiri
Bhubaneswar-751 030, Orissa
ODISHA
Mr. Pradeep Kumar Behera
Secretary
ADARSA
At-Gourpara (Farm Road),
P. O. Modipara, Dist. Sambalpur-768 002 Orissa
Mr. Jagadananda
Member-Secretary
Centre for Youth & Social Development
(CYSD)
E-1, Institutional Area, Gangadhar Meher Marg,
P.O. R.R.L. Bhubaneswar – 751013, Orissa
Mr. Govind Das
Secretary
GRAM-UTTHAN
At/Po: Pimpuri, Via-Rajkanika,
Dist-Kendrapara, Orissa-754 220
Mr. Khirod Chandra Malick
Chairman
Bharat Integrated Social Welfare Agency
(BISWA)
At - Danipali, PO - Budharaja,
Dist-Sambalpur-768004, Orissa
Mr. Kedareswar Choudhury
Secretary
Darbar Sahitya Sansad (DSS)
At. Sodhua (Arapada),
P. O. Dalakasoti, Via-Balipatna
Dist-Khurda, Orissa-752 102
Mr. Subrat Kumar Singh Deo
Executive Director
Madhyam Foundation
N-3/202, Ekamra Kanan Road
IRC Village, Nayapalli
Bhubaneswar, Dist. Khurda, Orissa - 751 015
Mr. Parshuram Nayak
Director
Swayamshree Micro Credit Services (SMCS)
Plot No. 549/2126(P)/F Front Road of BIG Bazar,
Patia & Back side of Petrol Pump Patia,
Bhubaneswar-751024, Odisha
Mr. Hari Shankar Rout
Secretary
Social Welfare Agency & Training Institute
(SWATI)
At. Malerimaha, P. O. Paburia
Dist. Kandhmal – 762112 Orissa
Mr. Pabitra Mohan Bal
Chief Functionary
Mahila ViKas Prathamika Sanchaya Samabaya Ltd.
AT/PO: Kantabad, Via: Janla
Dist: Khurda – 752054, Orissa.
Mr. Baman Charan Mohanty
Chief Executive
Upkar
At/Po: Nimapara, Canal Road,
Dist: Puri, - 752106, Orissa
Mr. Rajendra Meher
Secretary
Youth Council for Development Alternatives (YCDA)
At. /Po: Baunsuni, Tikirapara Road,
Dist: Boudh-762015, Orissa
Sa-Dhan: The Association of Community Development Finance Institutions
38
Annual Report 2013 – 14
Strengthening Financial Inclusion
Mr. Nagendra Bihari Maharana
Chief Executive
Khandagiri Madhyamika Mahila Samabaya
Sangha Ltd.
C/O- Khetrabasi Sahoo, At- Dopati Sahi, POBalakati, Dist- Khurda, Odisha
Mr. Babula Kumar Prasad
Chairman
PRASAD Foundation
V.I.P Road, Puri- 752001, Orissa
Ms. Sagarabala Sahoo
Chief Executive
Orissa Rural Infrastructure Development
Association (ORIDA)
Durgabazar Colony, P.O- Daspalla,
Dist: Nayagarh, Orissa- 752084
Mr. Jugal Kishore Pattnaik
Managing Director
Mahashakti Foundation
Sanchaya Shakti Bhawan,
Madanpur Rampur – 766102,
Dist. - Kalahandi, Orissa.
Er. N. Satapathy
President
Asian Institute for Rural Regeneration
At – Kalamishri, P.O. Lendura,
District Cuttack 754203, Orissa
Mr. Ajit Kumar Dash
Secretary
Bright Association for Noble & Decent Human
Understanding (BANDHU)
rd
AT: Madhuban, 3 Lane,
PO Puri – 752002, Orissa
Mr. Gopal Chand Sahu
Secretary
ODISHA
At Mahulapalli, P.O. Madhupalli,
Via – Poolasaran, Dist. Ganjam – 761105, Orissa
Ms. Sharda Patel
President
Sanginee Secondary Co-operative Ltd.
AT – Hill Town, Near JP Evening College, P.O.
Bhawanipatna – 766001, District Kalahandi, Orissa
Mr. Keshab Ch. Behera
Secretary
Banki Anchalika Dibasi Harijan Kalyana
Parishad
AT/P.O. Banki, District Cuttack – 754008, Orissa
Mr. Basant Kumar Jena
Secretary
PRAGATI
Pragati Complex, College Square, Duttatota Puri752001, Orissa
Mr. Kshetra Mohan Khuntia
Chief Executive
Organization for Development Coordination
(ODC)
122, Kedar Gouri Vihar, Behind Mesco Tower,
Bhubaneswar, Dist- Khurda- 751014, Orissa
Mr.Deepak Kindo
CEO
Sambandh finserve Pvt.Ltd.
Plot no -7,Sindh Colony, Mission Hata,
Rajganagpur,District-Sundargarh Orissa-770017
Mr. Gobinda Chandra Pattanaik
CEO
People’s Forum
HIG-44 ,Dharamvihar Khandagiri Square,
Bhubaneswar, District: Khundra,
Orissa -750030.
Ms.Nayana Mohanty
CEO
Swayanshree Mahila Samabaya Ltd.
At:- Badambadi (Near Special Primary School),
Po.- Arunodaya Market, Dist. – Cuttack, Pin – 753012,
Orissa
Mr. Md. N Amin
CEO
Adhikar Microfinance Pvt. Ltd.
Plot No-77/180/970, Subudhipur
Bhubaneswar-751019, Orissa
Mr.Govind Chandra Dash
MD
G U Financial Services Pvt. Ltd
Plot No-4709/5012, Gajapati Nagar,Sainik School
,Bhubaneswar-751005,District-Khurdha,Orissa
Sa-Dhan: The Association of Community Development Finance Institutions
39
Annual Report 2013 – 14
Strengthening Financial Inclusion
Mr. Dibyajyoti Pattanaik
CEO
Annapurna Microfinance Pvt. Ltd.
HIG-97, Dharma Vihar, Khandagiri
Bhubaneswar – 751 030, Odisha
PUNJAB
Mr.Sarvjit Singh Samra
MD
Capital Local Area Bank
Midsa Corporate Park ,3rd Floor
37 ,G.T Road, Jalander, Punjab -144001
RAJASTHAN
Mr. Ambuj Kishore
Programmes Director
Association for Rural Advancement through
Voluntary Action & Local Involvement
(ARAVALI)
Patel Bhawan, H.C.M.-R.I.P.A (OTS),
Jawahar Lal Nehru Marg, Jaipur - 302017,
Rajasthan
Sharad Joshi
CEO
Cecoedecon Development Centre
CECOEDECON, SWARAJ Bhavan,
Plot No. F-159-160, Industrial & Institutional Area,
Sitapura, Tonk Road, Jaipur-302 022, Rajasthan
Ms.Priyanka Singh
Chief Executive
SEVA Mandir
Old Fatehpura, Udaipur -313 004.
Rajasthan
Mr. Amar Chand Purohit
Chief Executive
Pustikar Sakh Sahakari Samiti Ltd.
Setubandh Rameshwr Temple Complex, Inside Jalori
Gate, Jodhpur - 342001 Rajasthan.
Mr. Rajesh Singhi
Executive Director
IBTADA
Plot No. 4, Scheme 8, Gandhinagar,
Alwar – 301001 Rajasthan
Mr. Amitava Banerjee
Executive Director
Bhoruka Charitable Trust
1, Prabhu Dayal Marg, Near Sanganer Airport Jaipur 302011, Rajasthan
Mr. Pramod K. Paliwal
Secretary
Arth Micro Finance Pvt. Ltd.
A-11, Mahaveer Udyan Path
Bajaj Nagar, Jaipur-302015
Mahendra Pal Singh Likhari
CEO
Sahayata Microfinance Pvt. Ltd
rd
303, 3 floor, Mahaveer complex, 5C Madhuban,
Udaipur - 313001 Rajasthan
Ms. Richa Audichya
CEO
Jan Chetna Sansthan
1-C-40,Housing Board Colony,
Akra Bhatta, Abu Road-307026
Dist. Sirohi (Raj.) India
TAMIL NADU
Sa-Dhan: The Association of Community Development Finance Institutions
40
Annual Report 2013 – 14
Strengthening Financial Inclusion
Mr. S Devaraj,
Chairman & Managing Director
Mr Arjun Muralidharan, CEO
Grama Vidiyal Microfinance Ltd
th
2-A, Sathia Illam, 2A- 10 Cross, Alli Street,
Annamalai Nagar, Tiruchy-620 018 Tamil Nadu
Mr. N. Peter Palanisamy
Managing Director
Nanayasurabhi Development Financial Services
No.16. Panbagam. Grace Garden, Thiru.Ve.Ka.
Nagar, Behind Govt. Hospital, Puthur,
Trichy – 620 017, TamilNadu
Mr. B. Mahendran,
Chief Executive Officer
Indian Association for Savings & Credit
(IASC)
726/B, Second Floor, Srivenky
Complex, Cross Cut Road (Near Fly Over),
Coimbatore – 641 012 Tamil Nadu.
Mr. Asok Kumar Rathnam
Chairman & Managing Director
Sarvodaya Nano Finances Ltd.
279, Avvai Shanmugam Salai
Royopettai, Chennai-14
Mr. R. Asok Kumar
CEO
Sarva Jana Seva kosh Ltd. (SJSK)
279, Avvai Shanmugam Road
Royapettah, Chennai – 600 014,
Tamil Nadu
Ms. N. Radha
Executive Director
League For Education And Development [LEAD]
# 80/40, 1 Street, Rayar Thoppu
Sriramapuram, Srirangam
Trichirapalli – 620006, Tamilnadu
Dr. C. Joslin Thambi
Director
Bullock-Cart Workers Development
Association (BWDA)
P. Box No-93, 858 East Pondy Road,
Villupuram-605 602, Tamil Nadu
Dr. N. Sethuraman
President
Mahasemam
1 & 2, Lake Area, Uthangudi Post,
Madurai - 625 107, Tamil Nadu
Mr. Peter Rex Charly
Director
New Life
Flat ‘B’ Adhiyaman Towers
nd
2 Cross, Kamban Street
Kumaran Nagar, Trichirapalli – 620017 Tamil Nadu
Mr.David Solomon
Chief Executive
Ecumenical Church Loan Fund of India (ECOLOF)
29, Poonamallee High Road, Fins Campus, Periamet,
Chennai-600 003
Mr. S. P. Annadurai
Executive Director
Guidance Society For Labour Orphans &
Woman (GLOW)
Sowlore Village, K. Pudur Post, Tirupattur Taluk,
Velore Dt. 635653, Tamilnadu
Mr. M. Sathiyamoorthi
Managing Director
SMILE Microfinance Limited
No. 4/22, Dr. Natesan Road,
(Opp: Police Training College),
Ashok Nagar, Chennai- 600083
S.Suvisedagan Aruliah
Associate Director – Microfinance
Innovative microfinance for poverty
alleviation and Community transformation
(IMPACT)
# 16, VOC Main street,
Kadambakkam, Chennai 600024
Mr. P Pandian
Director
Community Development Centre
Main Road (Near Ghat Road)
Genguvarpatti, Theni Dt. Tamilnadu - 625203
Sa-Dhan: The Association of Community Development Finance Institutions
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Annual Report 2013 – 14
Strengthening Financial Inclusion
Ms. N. Radha
Chief Executive
Sangamam Women’s Multipurpose Thrift and
Credit Co-operative Society Ltd.
# 8/40, Ist Street, Royar Thoppu,
Sriramapuramviveka, Srirangam
Trichy, Tamilnadu- 620006
Mr. K. Hirudayasami
Chief Executive
People’s Action for Transformation
No-A, A-Block, St Paul's Complex,
Bharathiar Salai, Trichy, Tamil Nadu- 620001.
Mr. G. George
Director
Community Services Trust
Rakshas Building, 16-E, Sathyanarayan Street,
Swarnapuri, Salem- 636004, Tamilnadu
Mr. J. Anthoni Samy
CEO
Manidham Grameen Savings cum Credit Services
No. 5, Sathiyamurthy street, Suvalpettai Arakkonam,
Vellore – 631001 Tamil Nadu
Mr. P. N. Vasudevan
CEO
Equitas Microfinance India Pvt. Ltd.
th
4 Floor, Temple Towers, 672 Anna Salai,
Nandanam, Chennai-600035, Tamil Nadu
Dr. C. Joslin Thambi
Director
BWDA Finance Ltd (BFL)
P. Box No-93, 858 East Pondy Road,
Villupuram-605 602, Tamil Nadu
Mr. P Pandian
Director
CDC Microfinance Pvt.Ltd
Main Road (Near Ghat Road)
Genguvarpatti, Theni Dt.Tamilnadu -625203
Mr. D. Selvam
Founder Secretary
Rural Education and Action Development (READ)
1926 (8/58), Sakthi Vinayagar Street, Vilandai,
Andimadam, Ariyalur- 621801, Tamilnadu
Mr. R.M. Paramasamy
CEO
Society for Human Equality ,People Health,
Education and Rural Development
(SHEPHERD)
97, Ayyanar Colony, City/TownThanakkankulam, Thirunagar
District-Madurai-625006, Tamil Nadu
Mr.Pon. Aananth
Water Credit officer, South Asia
Water.org
I Floor, Plot B – 227, 15th Avenue,
Ashok Nagar, Chennai – 600083.
Mr. K. A. Ananthan
President
Rural Education, Environment Development
& Multipurpose Awareness Society,
121/2, Kalaramani, Modachur post,
Gobichettipalayam TK- 638476, Erode District,
Tamilnadu
Dr. M. Arumai Raj
MD
Virutcham Microfinance Ltd.
Ambedkar Cultural Academy (DACA)Mandela Nagar
P.T.C. Post, Madurai – 625 022.
Tamilnadu.
Mr. M. Muthu Kumar
Apex Abishek Finance Limited
B-27, Hudco Colony, Near PSG Hospitals
Peelamedu, Coimbatore – 641 004
Tamil Nadu
Mr. Samuel Chandar
CEO
Growing Opportunity Finance (India) P Ltd
No.73, 1st floor, ‘Y’ Block, 6th Street
Anna Nagar, Chennai 600040
Mr. R. Varadarajan
CEO
REPCO Micro Finance Ltd
No.33, North Usman Road, T. Nagar
Chennai – 600 017, Tamil Nadu
MSME Development and Finance Ltd.
Sa-Dhan: The Association of Community Development Finance Institutions
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Annual Report 2013 – 14
Strengthening Financial Inclusion
TELANGANA
Mr. Vijay Mahajan
Mr. M Udaia Kumar
MD
Managing Director
Bhartiya Samruddhi Finance Ltd
Share Microfin Limited
(BASIX Group)
D.No.I-8-437,438,364 & 445,7th floor,Splendid
rd
H.O. :3 Floor,Surabhi Arcade,Troop Bazar,Koti, Tower,Huda Road,Begumpet, Hyderabad-500016
Hyderabad-500001, Telangana
Telangana
Mr. Mihir Sahana
Managing Director
Indian Grameen Services (IGS)
5-1-664/665/679, 3rd Floor,
Surabhi Arcade, Bank Street,
Troop Bazar, Koti, Hyderabad-500001
Mr. M R Rao
MD & CEO
SKS Microfinance Pvt.Ltd
My Home tycoon, 03rd floor above “Life style”
Block – “A” 6-3-1192, Kundanbagh, Main road
Hyderabad 500016. Telangana
Ms. G. Padmaja Reddy
Managing Director
Spandana Sphoorty Financial Services Ltd
Plot No. 79.Vinayak Nagar, Care Crystal, Near
Spencer Super Market, Gachibowli, Hyderabad500032 Telangana
Mr. Vijay R Nadkarni
Managing Director
Krishna Bhima Samruddhi Local-Area Bank Ltd.,
7-5-108/B/1, 1st Floor, Venkateshwara Colony,
Mahboobnagar - 509 002 Telangana
Mr. John Gaddala
Secretary
Pragathi Seva Samiti
Pragathi MAC Credit & Marketing Federation Ltd.
2-6-45/2, New Shanthi Nagar Colony, Road No.
2, Circuit house Road Hanamkonda, Warangal 506001, Telangana
Mrs. R.Girija
CEO
SWAWS Credit Corporation India Pvt. Ltd.
Door No.C-2, II floor, Pooja Plaza, Vikrampuri,
Kharkhana, Secunderabad – 500009 Telangana
Mr. Uppe Raja Rao
Secretary
Social Education and Voluntary Action- Micro
Foundation of India (SEVA)
H. No 11-24-36, M. V. Colony, Road No. 2
Deshaipet Road, Warangal
Telangana - 506 002
Mr.Sundara Rao
MD
Maanaveeya Holdings & Investments P Ltd.
Plot No. 107, Prasasan Nagar, Jubilee Hills,
Road No - 72, Hyderabad-500033
Mr. S. Viswanatha Prasad
Chief Executive
The Bellwether Microfinance Fund P Ltd.
III Floor, 8-2-596, Road No. 10, Banjara Hills
Hyderabad -500034
Telangana
Mr. Kishore Puli
Managing Director
Trident Microfin Private Ltd.
H.No. 11-8-15, MIG 33, Shree Sai Arcade,
1st & 2nd floor, Saroornagar, Ranga Reddy Dist
Hyderabad-500035 Telangana
Dr. Vidya Sravanthi
Managing Director
Asmitha Microfin Ltd.
1 – 2 – 58, Plot No. 1 – 3, N Block,
Kakatiya nagar Habsiguda, Hyderabad.
Telangana.- 500007
Sri C. Mohan Naidu
CEO
Development Organization for village Environment
(DOVE)
1 – 92/2A, Prabhatnagar Colony, Chaitanapuri,
Dilsukhnagar, Hyderabad – 500006, Telangana
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Annual Report 2013 – 14
Strengthening Financial Inclusion
Dr. S. Srinivas
Senior Faculty
The Livelihood School
nd
2 Floor ,C/O Arora Business School,
6-3-456/18 & 19,Beside NIMS,Dwarkapuri
Colony, Panjagutta Hyderabad-82,Telangana
Mr. S. K. Dwivedi
Executive Director
Grameen Development Services (GDS)
B - 1/ 84, Sector-B, Aliganj, Lucknow, Uttar
Pradesh - 226 024
Chief Executive Officer
Indur Intideepam MACS Federation Ltd.
5-67, P&O- Dharmaram (B), Mandal Dichpally,
Nizamabad, Telangana- 503230
UTTAR PRADESH
Mr. Ganesh Pandey
Convener
Shramik Bharti
392, Vikas Nagar (Lakhanpur)
Kanpur – 208 024 (U.P.)
Mr. Mukul Jaiswal
Managing Director
CASHPOR Micro Credit
B/4, D.I.G. Colony,Maqbool Alam Road,Near
State Bank of India
Varanasi - 221002, Uttar Pradesh
Mr. Anil K. Singh
Chief Executive Officer
Network of Enterpreneurship & Economic
Development (NEED)
39, Nil Vihar, 14-Sector Power House, Indira Nagar,
Lucknow-226 016, UP
Mr. Ambarish Singh
CEO
PAHEL Livelihoods
I/14/5-A Hausila Near ,Near J.B Polytechnic,
Faizabad - 224 001, Uttar Pradesh
Mr. Rahul J Mittra
Director
Margdarshak Financial Services Ltd.
B-905 CIG Colony, Mahanagar
Lucknow – 226006 U.P
Mr. K. N. Tiwari
Director
Disha India Micro Credit
Sultanpur-Chilkana
Saharanpur - 247 231, Uttar Pradesh
Mr. Anil Singh, Director
Mr. Sanjay Singh, Secretary
Parmarth Samaj Sevi Sansthan
Mona House, Opp. Collectrate
Churkhi Road, ORAI (Jalaun) 285001 Uttar Pradesh.
Mr. Paras Nath Singh
Secretary
Yuva Chetna Kendra
Gayatripuram, Kasia Road
Deoria – 274001, U.P.
Mr. Anup Kumar Singh
Managing Director
Sonata Finance Private Limited
125B/6B, Pt. Madan Mohan Malviya Marg, George
Town Allahabad - 211002, U. P.
Mr. Vinod Jain
Managing Trustee
Trust Microfin Network
3/455, Vishal Khand,
Gomti Nagar, Lucknow – 226 010
Uttar Pradesh
Mr. Moses Prashant Rao
Chief Executive
Nirman Bharti Samajik & Arthik Vikas Sangathan
B-991, Sector-A, Mahanagar,
Lucknow 226007 Uttar Pradesh.
Mr. Sunil Agrawal
Managing Director
S.E. Investments Ltd.
Block- 54, Sanjay Place, Agra- 282002 U.P.
Ms. Mamta Mishra
CEO
Drishtee Foundation
Knowledge Boulenard, Tower B, 8th floor, Plot No: A8A, Sector-62, Noida, Gutam Budh Nagar – 201301
Uttar Pradesh
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Annual Report 2013 – 14
Strengthening Financial Inclusion
Mr.Artiman Tripathi
CEO
Janhit Foundation
S.P.-24,Chetan Vihar,Sector-C,Aliganj
Lucknow ,Uttar Pradesh-226024
UTTARAKHAND
Mr. Islam Hussain
Executive Director
PAHAL
Gola Bairrage Road (Near Railway Station)
Kathgodam, Nanital – 263126, Uttarakhand
Mr. Mahendra Singh Kunwar
Secretary
Himalayan Action Research Centre
744, Indira Nagar, Phase II,
P. O. - New Forest, Dehradun - 248 006,
Uttarakhand
Mr. Vijay Kumar
CEO
Uttarakhand Micro-finance and Livelihood
Promotion Cooperative Institution
First Building, Rajeshwar Nagar, Phase – 5
(above OBC Bank), Sahastradhara Road,
Gujrara, Dehradun - 248001 Uttarakhand.
WEST BENGAL
Mr. A. K. Maity
CMD
Village Welfare Society (VWS)
Village Tower, F-15, Geetanjali Park, 18/3AKumud Ghoshal Road, Ariadaha, Kolkata,
West Bengal – 700057
Mr. Chandra Shekhar Ghosh
CMD
Bandhan Financial Services Pvt. Ltd
DN-32, Sector-V, Salt Lake City,
Kolkata – 700091West Bengal
Mrs. Gitanjali Satapathy
Secretary
Kalighat Society for Development Facilitation
(KSDF)
# 57/A, Gurupada Haldar Road, Kalighat
Kolkotta, W.B - 700026
Mr. Kapilananda Mondal
CEO cum Secretary
Vivekananda Sevakendra-o-Sishu Uddyan (VSSU)
Vill: Ullon, P.O. Ramlochanpur
Dist. South 24 Parganas, W.B.- 743 336
Mr. Chinmoy Khaskel
Chief Functionary
Ullon Social Welfare Society
Post Office: Ramlochan Pur, Village: Ullon,
Police Station Mondir Bazar, South 24 Pgns,
West Bengal – 743336
Mr. Shubhankar Sengupta
CEO
AROHAN Financial Services Ltd
Prafulla, 195/1, Rajdanga, Chakrabortypara, Kasba,
Kolkata, West Bengal- 700107
Mr.Kuldip Maity
Chief Executive
Village Financial Services Pvt. Ltd
Village Towers, F-15, Geetanjali Park, 18/3A,
Kumud Ghoshal Road,
Ariadaha, Kolkata-700057.
Mr. Malay Dewanji
CEO
Liberal Association for Movement of People
(LAMP)
28/1B/1, Bose pukar Road
Kolkata-700042, West Bengal.
Mr. Ganesh Chandra Modak
Secretary
Society for Model Gram Bikash Kendra
107, Jodhpur Park,
Kolkata - 700068, West Bengal.
Mr. Pranab Rakshit
Chief Executive Officer
Sarala Women Welfare Society
4/2/3 Dino Master Lane, Shibpur,
Howrah - 711103 West Bengal.
Sa-Dhan: The Association of Community Development Finance Institutions
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Annual Report 2013 – 14
Strengthening Financial Inclusion
Mr. Bishwajit Das
Executive Director
Belgharia Janakalyan Samity
AE - 592, Sector - 1, Salt Lake City
Kolkata 700064
Mr. Ranjib Ghosh
CEO
SEBA Rahara
Dakshinpalli Canal side Road,
P.O. Rahara, Dist:- 24 Pgs(N), Kolkata- 700 118
Mr. Kashinath Haldar
Secretary
Haridanga Ramkrishna Vivekananda Sangha
Nabudaya Palli (Baghar Gole), 237, Boral Main
road, Kolkata, 24 Pargana (South),
West Bengal- 700103
Mr. Sudipta Banerjee
CEO
Sahara Utsarga Welfare Society
10/9,Chiner Park, Rajarhat,Gopalnagar
Kolkata – 700059, West Bengal
Ms. Pronoti Sadhank
Secretary
Parama Mahila Samity,
Kamalpur, Purbanawapara,
Nadia- 741501
Mr. Pulak Kuamr Dey
CEO
Coochbehar Khagrabari Relief Services, KRS
Vill- Khagrabari (Taltala), Post & Dist- Coochbehar736101 West Bengal
Mr. Animesh Naiyer
CEO
Dhosa Chandaneswar Bratyajana Samity
Vill & Post- Dakshin Barasat,P.S-Jaynagar, West
Bengal Pin-743372
Mr.B.S Kayal
CEO
Bengal Women Welfare Association
1/1 Q, Prince Golam Md Shah Road,
nd
2 floor,Kolkata,West Bengal-700095
Mr. Anjan Das Gupta
Managing Director
ASA International India Microfinance Pv Ltd
Block : IB -163, Salt Lake City, Sector-III
Kolkata, West Bengal-700106
Mr. Ranjit Ghosh
President
Barasat Anweshan
Harpara , P.O-Beraberia,Madhabpur
North 24Parganas,Kolkata(W.B)-700121
Mr.Prasanta Ku.Panda
CEO
Dakshin Budhakhali Improvement Society
43B,Sadananda Road, Gr-floor,Kolkata
West Bengal -700026
Mr. Sandip Kumar Sinha
Chief Executive
Unnati Trade & Fincon Pvt Ltd
184, Andul Station Road
Jhorehat, Howrah – 711 302
West Bengal
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Annual Report 2013 – 14
Head Office:
12 & 13, 2nd Floor, Special Institutional Area,
Shaheed Jeet Singh Marg,
New Delhi - 110067 (India)
T: +91-11-47174400
F: +91-11-47174405
Email: info@sa-dhan.org
W: www.sa-dhan.net
Regd Office:
Plot No. 4, Second Floor, Chandragiri Colony
Near RTA Office, Trimulgherry,
Secunderabad – 500015
Telefax : +91 40 40216026 /+91 40 40037179
Email: hyd@sa-dhan.org
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