Strengthening Financial Inclusion: Role of NBFC-MFIs

Strengthening Financial Inclusion: Role of NBFC-MFIs

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Welcome to SAIJA

saija-aboutSAIJA Finance Private Limited is the only NBFC-MFI (Non-Banking Finance Company – Micro Finance Institution) to be based in the state of Bihar, with its headquarter in Patna, the state capital.
SAIJA was formed with a focus on providing microfinance services to urban and rural poor, as well as micro and small businessmen, in the underserved geographies of Northern & Eastern India, starting with Bihar. The geographic regions served by SAIJA are amongst the poorest in India and also are grossly underserved by formal financial institutions. SAIJA today serves 251955 clients across 46 districts of Bihar, Jharkhand, Uttar Pradesh and Haryana operating with 80 branches.SAIJA was conceptualized and founded by Mr. Shashi Ranjan Sinha and Ms. Rashmi Sinha in April 2007.

What’s New



    • SAIJA expanded its operation in Punjab
    • Implementation of Progress out of poverty Index (PPI).
    • SAIJA enters Haryana.
    • SAIJA has been rated BBB (-) by ICRA.
    • Technical Assistance by Blue Orchard for capacity building.
    • Fresh equity fusion of by ACCION & Pragati.
    • ICRA has rated high ( SP2 +) in Social Performance Assessment
    • Successful implementation of solar energy program with TA support from USAID
    • Saija expands into Uttar Pradesh
    • Awarded with Skoch Order of Merit Award-2015 for its exemplary work done in the field of Financial Inclusion and OMNI enterprise implementation
    • Saija is one of the three state companies in Bihar’s Innovation Forum list of 67 finalists identified for high impact innovation
    • Recognized by CRISIL as one of the emerging MFIs in the recently published report – “India’s 25 Leading MFIs”
    • Saija is graded MF2 by ICRA which implies high sustainability of operations
    • Saija expands into Jharkhand
    • Saija is identified by SIDBI for support under their DFID sponsored PSIG (Poor State Inclusive Growth) Programme
    • SIDBI invests INR 300 lakhs in the form of Optionally Convertible Preference Shares (OCPS)
    • Saija entrusts Tower Watson for restructuring compensation and performance management system
    • Agreement with IFC for providing technical assistance
    • Equity infusion from Accion and Pragati
    • Rated A for Code of conduct Assessment by Access Assist sponsored by SIDBI
    • Partnership with IFMR trust
    • Launch of Cashless transaction in partnership with EKO
    • Installation of state-of-the-art MIS software OMNI Enterprise.
    • Three new branches opened
    • Equity Investment from Accion
    • Branch and Head Office separated with two branches in Patna District
    • Expansion outside Patna district
    • Saija Finance Private Limited formed as a Non Banking Finance Company (NBFC) in April
    • Loan portfolio of Saija Vikas transferred to Saija Finance Pvt Ltd
    • Technical assistance agreement with Accion International
    • Second loan product Saija Mahila Rin launched
    • Saija Vikas gets registered as a society
    • First loan product Saija Karobar Rin launched
    • Saija disburses its first loan to SKR clients

Business Snapshot March’18


  • Clients: 251955
  • Portfolio: 376 Crores
  • No of Employees: 806
  • Branches: 80
  • States: 04
  • Districts: 46
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