Microfinance loans gone up…
Microfinance loans in the country grew by nearly 11 per cent to Rs 71,916 crore during the second quarter of the current fiscal, industry data showed.
About Asirvad
‘Asirvad’ as name indicates, started the journey of being benefactor to the society in the year of 2007. Initially concentrating in Tamil Nadu where it took early leads in attending financial needs of marginalized but highly spirited working people, it gradually spread its operational wings to other states meeting the aspirations of struggling mass. Beneficiaries were women folk, with poor and low-income group but with high ambitions. Asirvad nurtured it by providing them ‘Income Generating Product’ Loans so that financial stability could be achieved and the financial stability could be sustained.
In 2015, came the watershed moment in the life of ‘Asirvad Micro Finance Limited’.
Board of Directors
V P Nandakumar
B N Raveendrababu
S V Raja Vaidyanathan
Gautam Saigal
V P Nandakumar
B N Raveendrababu
S V Raja Vaidyanathan
Gautam Saigal
Management team
B N Raveendrababu
Aparna Menon
Rajesh Krn Namboodiripad
B N Raveendrababu
Aparna Menon
Rajesh Krn Namboodiripad
About Asirvad3
About Asirvad4
About Asirvad
Our country has a population of 139 Crores and a population growth rate of 1.548%.About 71% live in rural areas, while 29% live in urban areas. India’s diverse economy encompasses traditional village farming, modern agriculture, handcrafts, a wide range of modern industries, and a multitude of services. Services are a major source of economic growth, accounting for more than half of India’s output with less than one third being the labor force. Slightly more than half of the work force is in agriculture, leading the government to articulate a rural economic development programmer that includes creating basic infrastructure to improve the lives of the rural poor and boost economic performance.
About Asirvad
Mission
To organize groups of committed poor women and provide innovative financial services in a sustainable manner with a view to Alleviate poverty through viable income generation activities
Vision
To empower the members at the bottom of the pyramid by providing financial assistance
Values
ASIRVAD in Sanskrit means blessings from the almighty for wellbeing. AMFL cherishes the value system whereby the wellbeing of society is ensured through timely support for financial growth
IMPROVING THE
LIVES OF PEOPLE
WE TOUCH.
LIVES OF PEOPLE
WE TOUCH.
Micro Finance Scene in India
Our country has a population of 139 Crores and a population growth rate of 1.548%.As per the report published (in July 2020) by the National Population Commission, Ministry of Health and Family Welfare, India’s population in 2011 was 121 crore, comprising approximately 246 million households. The decadal growth rate during 2001-2011 stood at 17%. This is estimated to have decreased to 12% during 2011-2021 and is likely to decline further to 9% during 2021- 2031. However, with the country’s population in 2030 estimated at 1,470 million, India will continue to be a major opportunity market from a demand perspective.The share of urban population in total population has been rising consistently and is expected to reach 35% by 2023 from 31% in 2011, spurring demand.India’s diverse economy encompasses traditional village farming, modern agriculture, handcrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, leading the government to articulate a rural economic development programmer that includes creating basic infrastructure to improve the lives of the rural poor and boost economic performance.
The government has relaxed controls on foreign trade and investment. Higher limits on foreign direct investment were permitted in a few key sectors, such as telecommunications. However, tariff spikes in sensitive categories, like agriculture and incremental progress on economic reforms still hinder foreign access to India’s vast and growing market.
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Milestones
2022
Crossed 2.50 million active borrowersMilestones
2020
Crossed 2.00 million active borrowersMilestones
2020
Crossed 1,000 branches under operationMilestones
2020
Crossed ₹50,000 million in AUMMilestones
2019
Crossed ₹30,000 million in AUMMilestones
2017
Converted to a public limited company and name changed to Asirvad Micro Finance LimitedMilestones
2015
Company was acquired by MAFILMilestones
2014
RBI granted NBFC-MFI status with effect from October 4,2013Milestones
2008
Company obtained a certificate of registration as an NBFC from RBIMilestones
2008
Incorporate as Asirvad Micro Finance Private LimitedMilestones
2023
Crossed ₹1,00 billion in AUMAwards & Accolades
2019
Awarded 'Excellence Award' at the Microfinance & NBFC Exhibition cum Conference organized by Mine India B2B Info Media at Mumbai.Awards & Accolades
2019
Awarded 'Excellence Award' at the Microfinance & NBFC Exhibition cum Conference organized by Mine India B2B Info Media at Delhi.Awards & Accolades
2019
Awarded 'Excellence Award' at the Microfinance & NBFC Exhibition cum Conference oraganised by Mine India B2B Info Media at Bengaluru.Awards & Accolades
2019
Awarded 'Excellence Award' at the Microfinance & NBFC Exhibition cum Conference organized by Mine India B2B Info Media at Chennai.Awards & Accolades
2018
Awarded 'Excellence Award' at the Microfinance & NBFC Exhibition cum Conference organized by Mine India B2B Info Media at Mumbai.Awards & Accolades
2018
Awarded 'Excellence Award' at the Mine India 2018, BengaluruAwards & Accolades
