VARLAKSHMI MICRO SERVICES FEDERATION was incorporated under Section 8 of the Companies Act, 2013 (18 of 2013) the company is limited by shares.
Currently, We operate in rural, semi urban & most backward districts of four states: Punjab, Haryana, U.P & Bihar, and are working on expanding our services across the country. Since the beginning, we have realized that illiteracy, illness & inaccesibility to financial services are major impediments in breaking inter-generational poverty. Therefore, VARLAKSHMI MICRO SERVICES FEDERATION has a holistic approach in achieving the mission & vision by providing different nature of services.
Varlakshmi’s mission is to build the field of community development finance in India, to help its members and associate institutions to better serve the low income households, particularly women, in both rural and urban India in their quest for establishing stable livelihoods and improving the quality of life.
The vision of Varlakshmi’s is to see that through microfinance interventions, path to prosperity is paved by creating opportunities for self reliance of Women and men in rural and semi urban India, living below the poverty line so that they are able to face the realities of life with pride and confidence.
PRODUCTS & CHARGES
Joint Liability Group Loan
Mahila Pragati Loan
Small Start-up Assistance For Entrepreneurs
Top up Loan
(Agriculture & Education)
I feel Varlakshmi is my extended family as they blessed me with an opportunity by providing me loan for setting up a vegetable shop. I feel I have come a long way from where I started. Thanks a lot Varlakshmi.
I have always faced a financial crunch due to my husband’s limited income. I took inspiration from a few working women in the neighborhood and started basket business with the help of Varlakshmi, which helped shape my family's future.
Frequently asked questions
On the spot Loan Status:
The loan approval process for Varlakshmi Micro Finance Joint Liability Group (JLG) or for individuals is transparent and its status is provided on-the-spot using smart technology.
JLG Microfinance applicants who fulfil basic KYC requirements and have a group guarantee, get on-the-spot indication of loan approval status, by our team and a very less documentation for individual borrowers.
Easy Borrowing and Repayment:
Disbursement of the loan aside all interactions between Varlakshmi Micro and our customers take place conveniently, at the residence or workplace of our customers.
Payment of all types of loans is directly transferred to the bank account of the borrower. Borrowers can also pay their loan EMI digitally.
Reasonable Interest and Charges:
We provide loans with very reasonable interest and nominal charges to our barrowers, as decided by our management while keeping in mind the guidelines issued by the RBI.