Gaya, Bihar, 30th May, 2025 – A Microfinance Awareness Program was organized today by SAVE Microfinance (an NBFC-MFI recognized by the Reserve Bank of India) at the auditorium of SAVE Tower, Asha Singh Mod, Gaya. The event aimed to spread awareness about responsible borrowing and the importance of financial literacy among women.
The Chief Guest, Ms. Nikita Kumari, Senior Deputy Collector (Banking), Gaya, emphasized the importance of building a strong credit history by repaying loans on time.
She stated that timely repayments enable borrowers to continue receiving financial support in the future, which contributes significantly to improving their economic and social well-being.
She also shared details about various government schemes and appreciated the efforts of MFIN and microfinance institutions. Ms. Kumari urged women to take loans strictly based on their needs and repayment capacity.
Mr. Dinesh Bahadur Singh, Station House Officer of Rampur Police Station, Gaya, was also present as a guest and educated the attendees on how to protect themselves from digital fraud.
Mr. Ajeet Kumar Singh, Co-founder and Managing Director of SAVE Group, expressed gratitude to all participants and dignitaries. He remarked, “At SAVE Microfinance, we are committed to empowering rural women by connecting them with income-generating opportunities and sustainable livelihoods.”
Mr. Sanjay Kumar, Regional Head of MFIN (Microfinance Institutions Network), informed the audience that 31 RBI-regulated microfinance companies are currently operating in Gaya district. He said, “Financial literacy is a vital part of every individual’s life. Through such initiatives, we aim to help people achieve their financial goals.”
He also warned the audience about unauthorized agents spreading misleading information in recent times and urged them to be cautious. In case of any grievances, customers were advised to contact the customer grievance number mentioned on their loan card.
The program witnessed the enthusiastic participation of over 150 women from various blocks of Gaya district, along with representatives from different financial institutions.
This event was a meaningful step toward creating financially empowered and informed women in rural communities.
About SAVE Microfinance
SAVE Microfinance Private Limited (SMPL) is a Non-Banking Finance Company-Micro Finance Institution registered with Reserve Bank of India. SMPL is primarily focused to provide microfinance to the Women Entrepreneurs of Joint Liability Groups in rural India.
It is privileged to have a highly experienced Board of Directors having hand-on experience at ground-root level. SMPL has its 360+ branches in Uttar Pradesh, Bihar, Chhattisgarh, Rajasthan, Jharkhand, Punjab, Uttarakhand, Karnataka, Tamil Nadu, Orisa,
West Bengal, Kerala, Puducherry, Madhya Pradesh, and Haryana spread over 100+ districts. It further leverages on the wide network of CSPs & Branch network of SSPL, its holding company, to provide services and both cash-in & cash-out at the door step of these women micro-entrepreneurs.
SMPL is a fast-growing MFI and has achieved steep trajectory growth in a short span of 4.50 years. It is fast expanding its geographical base.
Disclaimer:- This story has not been edited by SugerMint staff and provided by the agency. SugerMint will not be responsible in any way for the content of this story.
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