A disciplined book, designed before the first loan.
Anjali is built from the ground up around the practices that keep the microfinance model healthy — affordability-based underwriting, standardised products, and operations as the moat.
An NBFC-MFI must reach a Net Owned Fund of ₹10 crore on the RBI glide-path to March 2027, hold at least 60% of assets as microfinance loans, and maintain membership of all RBI-approved Credit Information Companies. Anjali's capital plan is sized to exceed the regulatory NOF with a comfortable buffer, funded by promoter and investor equity plus diversified debt.
Obtain the NBFC-MFI Certificate of Registration, reach regulatory NOF, launch group products in 1–2 districts, install core systems.
Deepen the home state, build a disciplined field cadre, keep portfolio-at-risk low, secure diversified debt funding.
Add individual and secured products (Unnati, Vikas), enter adjacent states, grow insurance cross-sell.
Multi-state footprint; evaluate the Small Finance Bank conversion path to take deposits and cut funding cost.
Per the company prospectus. Directors on the MCA record →
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Operates under the RBI (Regulatory Framework for Microfinance Loans) Directions, 2022. CIN U51109WB1996PTC080809 · ROC Kolkata.
Repayments capped at 50% of household income · total indebtedness ≤ ₹2 lakh · maximum 3 lenders per borrower.
Key Fact Statement before every sanction · only three permitted charges · no prepayment penalty, ever.
Loans reported to all RBI-approved Credit Information Companies, with assessed household income.