New Delhi. Banks often do not give loans to people who do not have any regular income or collateral. In such a situation, women in rural areas often face the problem of capital to start their business or farming. Microfinance companies come as a boon for such women. One can apply for a loan in these companies even without any collateral or regular capital. Many microfinance companies, in collaboration with banks, easily provide loans to marginalized people in rural areas.

One such company is Save Microfinance Private Limited, which is an RBI-registered MFI. This company provides micro-loans, especially to rural women. These loans are specifically for small businesses and self-employment to generate income. This helps women to improve their financial condition. The company has currently provided micro-loans to more than 1 lakh 77 thousand women for agricultural work. Women use this loan to grow cash crops, buy agricultural equipment, and purchase fertilizers and seeds. Apart from this, more than 29 thousandmicroloanss have been provided under the service sector and loans have been provided to more than 2 thousand women to start manufacturing micro-enterprises.

Save Microfinance has partnered with the State Bank of India and Federal Bank to launch co-lending loans, which is a unique model of lending in India. The company has partnered with
7 major banks (State Bank, Punjab National Bank, Bank of India, Bank of Baroda, Central Bank of India, Uttar Pradesh Baroda State Rural Bank, Jharkhand State Rural Bank) and provide services like opening bank accounts, money transactions, fixed deposits, and availing benefits of various government schemes through more than 14,000 CSPs.

Home and business loans:
Save Housing Finance Limited not only provides loans to rural women, but also provides affordable home loans. With this, people with limited income can buy their own house. The company also provides a subsidy facility of Rs 2.7 lakh approved by the government on interest to the customers under the Pradhan Mantri Awas Yojana (Urban). Apart from this, the microfinance company also provides loan facilities for small businesses.

Where is the facility available now?
Save Solutions Private Limited has a presence in all the states of the country including 6 union territories. People of every state including Delhi, Haryana, Uttarakhand, Uttar Pradesh, Bihar, Rajasthan, Jharkhand, Chhattisgarh, Haryana, Punjab, Delhi NCR, and Madhya Pradesh can take advantage of it. The company's Sagraha Management is present in Karnataka, Tamil Nadu, Kerala, Odisha, Chhattisgarh, Madhya Pradesh, Puducherry and Maharashtra.