“Corrigendum to tender (Tender Ref. No NABFINS/013/2024-25)”click here to download “Corrigendum to tender (Tender Ref. No NABFINS/012/2024-25)”click here to download “Addendum No.1 – Tender No. NABFINS/RFP/012/2024-25”click here to download “Response to Pre-bid queries – Tender No. NABFINS/RFP/012/2024-25”click here to download “RFP for Supply, Installation , Commissioning & Maintenance of Biometric based Access Control & Attendance system”click here to download “REQUEST FOR PROPOSAL (RFP) FOR SELECTION OF VENDOR FOR DATA MIGRATION TESTING OF CORE MICRO-FINANCE SOLUTION, FINANCE & ACCOUNTING SOLUTION AND HUMAN RESOURCE MANAGEMENT SYSTEM ON CLOUD”click here to download “Corrigendum to tender NGFW Firewall (Tender Ref. No: NABFINS/008/2024-25)”click here to download “Corrigendum to Tender Ref: NABFINS /007/2024-25”click here to download “CORRIGENDUM TO TENDER (Tender Ref. No: NABFINS/007/2024-25)”click here to download “Response to Pre-Bid Queries(Tender Ref. No: NABFINS/007/2024-25)”click here to download “RFP for SMS Service (RFP REF. NO: NABFINS/007/2024-25)”click here to download “NOTICE FOR 27TH ANNUAL GENERAL MEETING”click here to download “IT empanelled vendors”click here to download “Tender for IS Audit and VAPT Notice on Extension of Submission of Bid”click here to download

Partners-B&DC

Partners - Business & Development Correspondents & Facilitators

Partners – Business & Development Correspondents & Facilitators
The group-based lending approach, which was pioneered in India by NABARD has been recognized the world over. The same has been adopted by NABFINS in meeting the credit needs of the poor and needy who do not have assets/collaterals. The social collateral emerging from the group dynamics, peer pressure are leveraged to extend credit to the poor. The Self Help Groups (SHGs) / Joint Liability Groups (JLG) are utilized as a tool for credit delivery.

Understanding and recognizing the role played by the Community based organizations in the form of NGOs, Trusts, Producer collectives in promoting and nurturing the concept of self-help, the company has empanelled such agencies, who have connected with the needy as partners. Such an approach not only enables faster outreach to the needy but also helps in identifying the needy persons and assessing the creditworthiness in a cost-effective manner

These partners, Business & Development Correspondents/ Facilitators are expected to undertake the following activities

  1. Promoting, nurturing, and monitoring of groups
    Identification of borrowers
  2. Collection and preliminary processing of loan applications including verification of primary information/data
  3. Creating awareness about products, provide advice on managing money and debt counseling
  4. Processing and submission of applications to NABFINS
  5. Promotion and nurturing SHGs/ JLGs/ producers’ groups ;
    Post-sanction monitoring

There are more than 300 such partner agencies at present, of which about 200 are active.
Interest rates on loans
As per the mandate of the Company, the rate of interest charged by the Company on the loans is the lowest among all the NBFC MFIs in India.

Interest rates on loans

As per the mandate of the Company, the rate of interest charged by the Company on the loans is the lowest among all the NBFC MFIs in India 

Borrower Category Loan Amount Interest rate (%) Processing fees GST Penal Charges Credit Insurance
SHG’s Up to Rs.15 Lakh 19.90% 1% of sanctioned amount 18.00% of processing fee Nil Rs 12.00 for Rs. 1000/-
JLG’s Upto Rs. 7.5 Lakh 19.90%

Business & Development Faciliator

Business & Development Correspondent