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Get to know Bharat Financial Inclusion Limited (100% subsidiary of IndusInd Bank Ltd.)

Bharat Financial Inclusion Limited (BFIL), formerly known as SKS Microfinance, is one of India's largest microfinance companies. It was acquired by IndusInd Bank and became a 100% subsidiary in July 2019. The company's core mission is to promote financial inclusion by providing financial services to the unbanked and underbanked populations, with a primary focus on women in rural areas. BFIL operates on a group-lending model, where members of a Joint Liability Group (JLG) co-guarantee each other's loans. In addition to its flagship micro-credit products, BFIL also offers other services like savings and insurance to its members, aiming to foster economic development and empowerment at the grassroots level.

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Bharat Financial Inclusion Limited (100% subsidiary of IndusInd Bank Ltd.)

India

Founded in

1998 (28 Years)

Founded

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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A Grade License

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B Grade License

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C Grade License

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From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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