The Fincare platform comprises a portfolio of businesses providing financial and social inclusion at the base of the pyramid. With ‘Lifetime of Progress’ as its core DNA, Fincare operates three business verticals viz. Micro Finance (Group) Loans, Micro Enterprise Loans and Bank Partnership Loans.
AUM - INR 1684 Cr
Footprint - 7 States,1 UT
Active clients - 12.1 Lakh +
CEO - Rajeev Yadav
CFO - Keyur Doshi
The Fincare group has been granted in-principle approval to form a Small Finance Bank by the Reserve bank of India in September 2015. Basis this, Fincare is under transformation to integrate the resources of the group companies under the proposed Fincare Small Finance Bank. The transformation would enable Fincare to provide a holistic set of financial products covering the credit, savings, investment, insurance and payment needs of the underbanked customers.
Disha Microfin and Future Financial Servicess are NBFC-MFIs registered with the Reserve Bank of India, providing affordable financial services to low income rural and semi-urban households, thereby aiding in their economic progress and facilitating their integration with the mainstream population.
As part of our bank transformation journey which started with the in-principle license from the RBI in Sep-15, the portfolio of FFSPL got transferred to Disha Microfin, a Fincare group company. With effect from 01-Oct-16, the entire on-book microfinance portfolio of Fincare Group is under a single balance sheet viz. that of Disha Microfin.
Fincare Lok operates as a business correspondent for leading banks partnering their financial inclusion agenda by distributing loans and allied products.