I am happy that “Janakalyan “ has commenced operations as an NBFC-MFI by opening our first branch at Lauhati in Rajarhat, North 24 Parganas on 22nd March 2017.
Microfinance is now a well established financial intermediary to reach out to unserved and underserved population of the country. Reserve Bank of India has recognized the significance of this sector by creating a separate class of NBFC i.e. NBFC-MFI to serve this space. This sector is now well regulated in terms of pricing, Credit Bureau Initiative, setting up Self-Regulatory Organization (SRO), Client Protection Code etc. Microfinance has proved to be a bright example to demonstrate the power of ordinary people at the bottom of the pyramid to climb their way out of the poverty cycle through collective efforts.
We at Janakalyan are committed to focus on customer centricity through simplified processes and a motivated team in a cost-efficient and client friendly way. We intend to operate in the under penetrated parts of Eastern India comprising the States of West Bengal, Bihar, Jharkhand, Odisha and North Eastern States like Tripura ,Assam etc. Our goal is to build a professionally managed financial institution, with the objective of achieving a healthy amalgamation of social and financial security through economic empowerment and fostering entrepreneurship at the grassroot level .
I am grateful to all stakeholders and specially the staff members led by our energetic MD for their exemplary commitment to build a robust and vibrant organisation that all of us can be proud of.SUNANDA KUMAR MITRA