SARVJAN INDIA FINTECH PRIVATE LIMITED

In their own words

The company has been conceived with the aim of providing financial assistance / loans to small & Micro Enterprises in urban/ semi-urban India. While primarily focused on the small & micro enterprises / households in the informal economy, SIFPL will also cater to formal sector households who have been denied access to financing / mortgages from existing financial institutions. The company secured the NBFC (Non-Deposit) taking approval from RBI vide COR N-14.03444 on 25th September 2018 The organized financial sector is unable to meet the requirement of the micro and small enterprises s who despite having Jan Dhan accounts continue to be outside the purview of the formal Banking/ Financial system. In effect, a large number of such households have no access to formal credit Presently the ability of financial institutions to provide income enhancement loans to small and micro business units /households having a monthly income between Rupees fifteen thousand to Rs thirty-five thousand per month is largely restrictive. We see this as a huge market opportunity. Combined with our in-depth knowledge of this customer segment & use of latest technology the inherent unsatisfied needs of this segment SIFPL views this as a double bottom-line opportunity – while being commercially viable it will also create a large scale social impact. Intended Objective: The objective of Sarvjan (SIFPL) is to provide income generating / enhancing Business loans ranging from Rupees One Lacs to Rs. ten Lacs to small & micro enterprises / entrepreneurs in the informal sector. These finances are made available at a reasonable cost and a delivered in a transparent manner. We believe that by creating new economic opportunities for deserving men and women we can transform communities and enrich lives.

Written by the company on its public Startup India profile. Not verified by us.