Top Microfinance Companies in India 2025

In India, microfinance has emerged as an important tool for supporting economically weaker sections who lack access to credit and financial services. Over time, the microfinance institutions (MFIs) have played an important role in enabling entrepreneurship in rural and semi-urban areas, especially for women. The microfinance sector in India is experiencing rapid growth with lots of key players making a significant impact.

Top Microfinance Companies in India

List of leading microfinance companies in India.

Saathi Svatantra Microfin

Svatantra Saathia microfinance institution that aims to provide financial services to low-income individuals and small businesses in India. The organization also emphasizes financial literacy and education to help its clients make informed financial decisions.

Bandhan Bank

Bandhan Bank started its journey as a microfinance institution in 2001 and became a full-fledged bank in 2015. Today, it has millions of customers across India with various financial services, including microloans and personal financial loans. It has a wide reach and personalized services, and Bandhan Bank has established itself as a prominent name in the microfinance sector.

CreditAccess Grameen Limited

CreditAccess Grameen Limited is India's largest microfinance institution. It serves more than 4.25 million women customers with an asset under management (AUM) exceeding USD 2.6 billion. It was established in 1999 as an NGO in South Bengaluru, and later it has grown into a publicly listed company, NBFC-MFI, which provides mainly microloans to women entrepreneurs, especially in rural India. The institution now operates in more than 14 states and 1 union territory, 1,786 branches, and more than 16,750 employees. Its mission is to uplift women entrepreneurs, especially in rural areas.

Janalakshmi Financial Services

Janalakshmi Financial Services, now known as Jana Small Finance Bank, has been a pioneer in the microfinance sector, providing a wide range of financial products to the underserved population. Established in 2000, the company has built a strong branch network all over the country. It is dedicated to the financial well-being of its customers by offering microloans, business expansion loans, savings accounts, fixed deposits, and insurance services.

Spandana Sphoorty Financial Limited

Spandana Sphoorty was founded in 1998 as a firm that has strength in microfinance, targeting primarily women in rural India. The firm, established in 1998, offers a wide variety of financial products, including microloans and loans for education. Spandana’s dedication to women’s empowerment and social development has won the trust of a huge consumer base across the country.

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Equitas Small Finance Bank

Chennai-based Equitas Small Finance Bank is a pioneer in the microfinance sector. It focuses on serving the unbanked and underbanked population. From the first day, the bank has started growing, and it provides lots of services, which include microloans, savings accounts, and insurance. Moreover, it is also committed to social responsibility, with initiatives aimed at improving livelihood, especially for women entrepreneurs. It provides finance for commercial vehicles, and it has grown into one of the top players in India’s microcredit sector.

Ujjivan Small Finance Bank

Ujjivan small Finance Bank has been one of the prominent players in financial inclusion since its inception. The bank provides a wide range of financial services, such as microloans, savings accounts, fixed deposits, and insurance. It mainly focuses on financial literacy, which has helped lots of unbanked and underbanked individuals all over the country.

Bharat Financial Inclusion Limited (BFIL)

Bharat Financial Inclusion Limited (BFIL) founded in 1998, formerly known as SKS Microfinance, was established in 1998 and provides microloans to low-income households. Apart from this, it also provides emergency loans and home improvement loans. It has many branches all over the country, and it mostly helps female entrepreneurs in rural areas.

Fincare Small Finance Bank

Fincare Small Finance Bank aims to help people who don't have access to banking services. It provides microfinance products, like small business loans and personal loans. It has emerged as one of the most promising players in the microfinance sector.

Arohan Financial Services

Arohan Financial Services is one of the top microfinance companies. It provides financial services to low-income families. It provides a wide range of services, which include microloans, insurance, and savings accounts. Arohan is dedicated to one of the microfinance companies in India, and it is committed to making a social impact through financial services.

ESAF Small Finance Bank

Kerala-based ESAF Small Finance Bank is one of the significant players in the microfinance sector. It mostly focuses on women and rural populations, and it provides microloans, savings products, and insurance services.

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Conclusion - Microfinance Company

Microfinance companies in India are more than financial institutions; they are catalysts for change, which empower individuals, uplift communities, and promote economic growth.

Starting from their humble beginnings in Self-Help Groups, microfinance companies have grown into advanced digital lenders, and they have reshaped the financial landscape for millions of underserved people. It offers collateral-free loans, supporting small entrepreneurship and empowering women. It plays a very important role in reducing poverty and promoting inclusive growth.

Apart from facing challenges like over-lending, operational issues, and regulatory pressures, the future for microfinance in India remains positive. With ongoing digital innovation, government support, and strong collaborations between traditional MFIs and emerging fintech players, the sector is set for steady growth.