Our Approach

Our Approach

Bhartiya Micro Credit was established in 2008 with a motive to strengthen the lives of the weaker section of the society. With our holistic model we work towards creating self-sustainable livelihoods for the poverty-struck people in India. We provide small loans to the businesses. With these loans, the poor and the marginalized expand their avenues and sources of income and livelihood.

Providing Solution-based Finance is one of the key strengths of BMC. We support the financial access with enterprise development and market access services. The provision of financial services is supported by a host of initiatives ranging from financial assistance of the clients, enabling them to access new markets and developing their enterprise-management and technical abilities.

Our products are designed through a process of community surveys, reviews and specialized knowledge of the economic activities and demographics in the area. Speaking alone about rickshaw loan, which falls under Rickshaw Sangh Program, it is developed as a package that provides a rickshaw, maintenance, uniform, Municipal Licence and life and accidental insurances to the client; the spouse of a client also receives coverage. Equipping our clients with an asset and solution-based finance is our priority as it helps in uplifting the lives of the poor, at financial and social levels.

The price of a loan product is very competitive, and BMC charges 24%-26% interest on reducing balance of the loan amount. BMC has offered weekly/fortnightly/monthly repayment schedule and collect installment as per the choice of the borrower. Only one fee is collected from our clients which is called as Loan Processing Fee. The processing fee is 1%, as per the RBI norms. No security deposit is collected from the clients. There is no penalty for the loans.

The loan amount is utilised for various income-generating activities like small shops, petty trade, animal husbandry, etc. The poor starts to earn and then reinvest in their community by educating their family members, buying food and clothing, improving their homes and getting other basic necessities. Thus, empowering the poor and the marginalised towards a self-sustainable livelihood.