Bharat Financial Inclusion Limited-Maharashtra - Company CSR Profile
 
 
 
 
 

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Last Updated on November 16, 2017

 

Implementing Partners

  • Help Age India
  • SOSVA Training and Promotion Institute
  • JK Trust Gram Vikas Yojana
  • Operation Eyesight India
 
 
 

Thematic Areas

  • Preventive Healthcare, Water and Sanitation
  • Education, Employability and Livelihoods Enhancement
  • Environmental Sustainability
 
 

Bharat Financial Inclusion Limited

Unit No. 410, “Madhava”, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051. , Mumbai , Maharashtra
 

Sector : Finance

International Origin : No

Company Type: Exchange Listed (BSE,NSE)

 
 

CSR Financial Details (INR Cr.)

Year
Actual CSR
Prescribed CSR
2016-2017
4.75 Cr
3.10 Cr
 


Financial Insights

Although the company incurred loss in the FY 2014-15 & FY 2015-16, still the company has spent INR 0.20 Cr & INR 0.18 Cr respectively for CSR activities in that year.


The Company is always dedicated towards CSR activities and has spent more than the prescribed CSR budget in last three financial years

 

About The Company

Microfinance is an effective tool that can help reduce poverty and spread economic opportunity by giving poor people access to financial services, such as credit and insurance. BFIL distributes small loans that begin at Rs. 2,000 to Rs. 12,000 (about $44-$260) to poor women so they can start and expand simple businesses and increase their incomes. Their micro-enterprises range from raising cows and goats in order to sell their milk, to opening a village tea stall. BFIL uses the group lending model where poor women guarantee each other’s loans. Borrowers undergo financial literacy training and must pass a test before they are allowed to take out loans. Weekly meetings with borrowers follow a highly disciplined approach. Re-payment rates on their collateral-free loans are more than 99% because of this systematic process. BFIL also offers micro-insurance to the poor as well as financing for other goods and services that can help them combat poverty.

 

Headquarter and Plant/Office Locations

 

CSR Projects of the Company

 
Promoting Healthcare & Sanitation
Bharat Financial Inclusion Limited
The Company has contributed some amount of money for promoting healthcare & sanitation activitie....
 
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Promoting Education
Bharat Financial Inclusion Limited
The Company has contributed some amount of money for education programme- Unnati se Jagruti.....
 
More CSR Info >>
 
Animal Welness Camp
Bharat Financial Inclusion Limited
The Company has contributed some amount of money for Animal Wellness Camp through JK Trust Gram Vika....
 
More CSR Info >>
 
 
 

 
 
 
 
 
 
 
 
 

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