MSM Microfinance Limited (MSM) is one of the fast growing non-banking financial companies (NBFC) incorporated in 1996 under Companies Act, 1956. MSM commenced its microfinance operations in January 2010 and caters to the financial needs of the people in India.MSM is one of the renowned NBFCs for its Ethical values, Transparency and Corporate Social Responsibility initiatives.
At MSM, we provide collateral-free microloans to the low-income people especially women from urban and semi urban areas. As per the Reserve Bank of India (RBI) guidelines, we sanction the loans to the borrowers for undertaking income generation activities. We are following both Self Help Group (SHG) and Joint Liability Group (JLG) lending models and we have adopted the Grameen lending model for hassle-free microfinance operation.We are committed to high ethical practices and codes of conduct as prescribed by the RBI guidelines pertaining to Microfinance lending. In 1998, we started our operation with an authorized and paid up share capital of Rs.25 lakhs. By the end of financial year 2011-2012, we have over Rs.5 crore in total paid up capital, free reserves and share application money.
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