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Welcome to Saija

Founded in the year 2007 by Shashi Ranjan Sinha and Rashmi Sinha, Saija Finance Private Limited, is the first Bihar focused NBFC- MFI (Non-Banking Finance Company -Micro Finance  Institute). The company has its  Headquarters in New Delhi.The company has successfully completed more than 10 years of its operations in Bihar and it is growing exponentially in other states.
Stepping in its 14 years of successful operation, 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.

What's New


  • The launch of mobile-based of front-end technology
  • 1st company to complete ten successful years as a finance company in the 100 years history of Bihar as a state.
  • 1st Multistate MFI to have over 50% of its portfolio in Bihar.
  • 1st MFI to create a Super 30 Entrepreneurship Development Program for women in Bihar.
  • 1st MFI to celebrate its 10 th anniversary with 6000 of its select clients in Bihar.
  • 1st MFI to create a world record in the production of Foxnut pudding ( makhana kheer ) to promote the huge export potential of Foxnut.
  • M-Cril has rated high in Third Party Evaluation for customer service index
  • SAIJA is expanding its operation in Punjab
  • Saija has received Green Certification from Maruti Consulting for Solar initiatives
  • M-Cril has rated high in Third Party Evaluation
  • 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

Our presence

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