India’s micro, small, and medium enterprises (MSMEs) form the backbone of the country’s economy, contributing significantly to employment, innovation, and inclusive development. The following four financial institutions are playing a crucial role in bridging the credit gap, especially for underserved communities, by offering tailored solutions, fostering entrepreneurship, and enabling last-mile financial access.
1. SATYA MicroCapital Ltd. – Empowering Women & Rural Entrepreneurs
Established in 2016, SATYA MicroCapital Ltd is a rapidly growing NBFC-MFI based in New Delhi, focused on creating socio-economic impact through financial inclusion. With a deep commitment to empowering women entrepreneurs in rural and semi-urban areas, SATYA offers accessible microcredit solutions, including Limited Liability Loans, Water & Sanitation Loans, and MSME Business Loans.
Operating in 26 states and covering 61,000+ villages via a strong network of 830+ branches, SATYA has transformed the lives of over 17 lakh women. Its robust digital infrastructure ensures efficient service delivery and risk mitigation, while the support of reputed investors like GOJO & Company Inc., Blue Orchard, and UNIFI Capital underscores its financial credibility. Recognized as a Great Place to Work for three consecutive years, SATYA continues to drive financial independence and inclusive growth at scale.
2. CreditAccess Grameen – Rural Roots, Pan-India Reach
CreditAccess Grameen Limited, headquartered in Bengaluru, is one of India’s largest microfinance institutions focused on empowering rural women through micro-loans. Operating across 16 states and 1 union territory, the company has established 2,059 branches reaching deep into 422 districts.
Backed by CreditAccess India B.V., it combines global best practices with localized strategies to serve the financially excluded. With a long-standing presence in India and a sharp focus on rural-centric lending, CreditAccess Grameen continues to be a trusted financial partner for millions of women-led households.
3. UGRO Capital – Data-Driven Lending for India’s MSMEs
Founded in 2018, UGRO Capital is a new-age DataTech NBFC revolutionizing MSME financing through sector-focused and technology-enabled solutions. Leveraging its proprietary GRO Score 3.0, UGRO offers cashflow-based loans to enterprises across nine core sectors like Healthcare, FMCG, Light Engineering, and Education.
By integrating macroeconomic research with AI-powered credit assessments, UGRO provides smart, swift, and sustainable funding to micro and small enterprises across India. Its approach blends data science with on-ground distribution to unlock growth potential for underserved businesses.
4. Kinara Capital – Fast, Collateral-Free Financing for Local Businesses
Established in 2011, Kinara Capital is a fintech-driven NBFC known for disbursing fast, collateral-free loans to small business owners. With a mission to uplift livelihoods and promote local economies, Kinara’s AI-enabled credit decisioning system ensures loan approvals within 24 hours, even for first-time borrowers.
Kinara also stands out for its focus on gender inclusion, with a women-majority management team and a strong presence in tier II and III cities. Its commitment to digital innovation and grassroots-level support makes it a pioneer in last-mile MSME financing.
5. Aye Finance – Saying Yes to Micro Entrepreneurs
Aye Finance, launched in 2013, is a systemically important NBFC that caters to micro and small enterprises often excluded from formal lending. Through its cluster-based underwriting model, Aye has enabled 9.8 lakh+ entrepreneurs across 21 states to access working capital without traditional collateral or documentation.
Driven by a mission to democratize credit access, Aye combines innovation with a strong social purpose. Backed by global investors and regulatory recognition, Aye is helping micro-businesses grow with confidence.
