Narishakti Micro Credit विश्वास आपका साथ हमारा

About

Narishakti Micro Credit is a private not-for-profit company incorporated in India on June 4, 2016, with its registered office in Barabanki, Uttar Pradesh137. The company operates in the financial services industry, focusing on microcredit and financial support for women entrepreneurs and underserved segments13.

Key Details:

  • Corporate Structure: Limited by shares with an authorized and paid-up capital of INR 1,00,00037.
  • Leadership: The company has three directors—Ramesh Chandra, Pratibha Devi, and Kamlesh Kumari—serving since 2016, 2018, and 2023 respectively3.
  • Financials: The company experienced a slight revenue decrease in 2022 but saw significant profit growth (742.15%) and an increase in net worth (25.32%) during that period3.

Activities and Focus:

  • The organization is engaged in providing microfinance services, primarily targeting women and small entrepreneurs, often through schemes and partnerships with banks and government initiatives46.
  • It aligns with government schemes like the Nari Shakti initiative, which aims to empower women through micro-credit, integrated services, and entrepreneurship support4.

Associations with Women’s Financial Schemes:

  • The company’s activities complement government and banking schemes such as Union Bank of India’s Nari Shakti Loan, which offers loans up to Rs.10 lakhs to women-owned micro and small enterprises258.
  • These schemes promote financial inclusion, entrepreneurship, and women’s empowerment by providing accessible credit with minimal collateral requirements.

Regulatory and Compliance:

  • The company maintains regular filings with the Ministry of Corporate Affairs, with no open charges registered against it137.
  • It is actively functioning, with recent AGM and financial statements filed up to March 20243.

Summary:
Narishakti Micro Credit plays a vital role in microfinance, especially targeting women entrepreneurs in Uttar Pradesh. It operates within the framework of government schemes and banking products aimed at fostering women’s economic independence through accessible microcredit and integrated support services.