Top 7 Microfinance Institutions In Assam Driving Sustainable Development

In Assam, a region known for its diverse culture and scenic beauty, several microfinance institutions are making substantial contributions to sustainable development. These organizations are not only pivotal in promoting financial inclusiveness but also align their goals with the United Nations Sustainable Development Goals (SDGs). Here’s a look at the top 7 impact finance institutions in Assam.

1. Ajagar Finance Pvt Ltd

Head of Organisation: Mr. Hiren KalitaAjagar Finance Pvt Ltd is at the forefront of promoting SDG 8 (Decent Work and Economic Growth) by providing financial services that support local businesses and create job opportunities in rural areas.

2. Deshabandhu Micro Finance and Livelihood Institution

Head of Organisation: Dr. Sanjib SikidarDeshabandhu focuses on SDG 1 (No Poverty) and SDG 2 (Zero Hunger) by offering microfinance products that enhance livelihoods, thus reducing poverty and improving food security through sustainable agricultural practices.

3. Grameen Development & Finance Pvt Ltd (GDFPL)

Head of Organisation: Mr. Sarat Chandra DasGDFPL contributes to SDG 5 (Gender Equality) by prioritizing financial services for women, empowering them to become entrepreneurs and leaders within their communities.

4. Nightingale Finvest Pvt Ltd

Head of Organisation: Mr. Mantu Nath SarmaBy providing access to microfinance, Nightingale Finvest addresses SDG 10 (Reduced Inequalities) by ensuring that financial products are available to the most marginalized and underserved segments of society.

5. Prochesta Thrift & Credit Co-Operative Society Ltd

Head of Organisation: Mr. Subhan BoraProchesta’s model promotes SDG 11 (Sustainable Cities and Communities) by fostering local economic development through cooperative financial schemes that encourage community participation and resilience.

6. Amrit Microfinance Pvt Ltd

Head of Organisation: Mrs. Dipali BoraAmrit Microfinance directly supports SDG 5 (Gender Equality) by providing micro-loans to women in rural areas, enabling them to start businesses and gain financial independence.

7. Assam Gramin Vikash Bank

Head of Organisation: Mr. Pradip Kumar GuptaThis regional rural bank advances SDG 9 (Industry, Innovation and Infrastructure) by offering innovative financial products that support infrastructure development, particularly in rural sectors.

Connect With Microfinance Institutions In Assam These institutions are key players in driving forward the agenda for sustainable and inclusive growth in Assam. By aligning their goals with the SDGs, they not only contribute to the local economy but also play a part in the global movement towards a more sustainable and equitable world.