Micro Credit – MFI

Micro Credit – MFI

Micro Credit – MFI

Dhanlaxmi Bank's micro-credit scheme was introduced in 1998 to aid the efforts of Micro Finance Institutions in empowering women and helping in poverty alleviation.



  • Loans provided through Micro Credit can be utilized for agriculture and allied activities, consumption, production and other activities.
  • Tenure up to three years.
  • Flexible repayment options
Interest Ratr may be changed. Term & Conditions Apply


  • The MFI should be registered with the relevant authority as NBFC, NGO, Society, Trust or Section 25 Company and should have been functioning satisfactorily for more than three years.
  • Objective of the MFI should be serving the social and economic needs of the community in general and weaker sections of society in particular.
  • Proper system of maintaining accounts/records with regular audit, external/internal must be in place.
  • Necessary financial management capability for enlarged operations.
  • Adequate trained and motivated field staff for close monitoring.
  • Where such advances exceed Rs. 2 crores, it would be advisable to obtain a rating carried out by an approved external agency
  • Enabling provisions must be available in the relative Bye Laws/Memorandum and Articles of Association, Partnership Deed etc.

Documents Required

  • Loan Application from authorised signatory of MFI
  • Attested True Copy of Registration Certificate of MFI
  • PAN Card copy of MFI
  • Board Resolution
  • Aggregate credit plan of the SHGs/JLGs proposed to be financed and an estimated cash flow statement
  • Shareholding pattern certified by Statutory Auditor
  • 6 Months bank account statements of the main operating account
  • Last 3 years audited financials
  • Last 3 years Income Tax returns
  • Rating report by an external rating agency
  • Certified Copies of MOA & AOA / Trust Deed