Developing MFIs

In keeping with its mission, SIDBI Foundation for Micro Credit (SFMC) identifies, nurtures and develops select potential MFIs as long term partners and provides credit support for their micro credit initiatives. The eligible partner institutions of SFMC, therefore, comprise large and medium scale MFIs having minimum fund requirement of Rs.50 lakh per annum. Large and medium scale MFIs having considerable experience in managing micro credit programmes,

SIDBI provides need-based financial assistance by way of loans to MFIs on an annual basis for on-lending to the economically disadvantaged people, mostly women. Under Micro Credit Schem (MCS) SIDBI extends term loans to:

  • Micro Finance Institutions (MFIs) for on lending to the poor – individuals or groups of individuals formed as JLGs, SHGs, etc.
  • entities for onlending to MFIs.

For details, please click here