Micro Finance

NCSRI is not the Finance Company. We are consulting partner of finance companies and we consult only those people who require such kind of help.

Microfinance facilities can be highly beneficial for training institutes, providing them with the necessary financial resources to establish, expand, and improve their operations. Here's how microfinance can support training institutes and the steps involved in accessing such facilities:

Main Objectives

• We ensure that our decision-making is open and transparent.
• We follow principles of mutual cooperation and social justice.
• We undertake participatory actions that are environment friendly, economically feasible, equitable socially & viable.
• We remain accountable to the people for whom we work and for effective utilisation of the resources entrusted to us.
• We are committed to protect the planet's scarce resources for the sake of future generations.
• We encourage equal participation of women in all decision making forums.

Our target groups are indigenous, backward, socially vulnerable computer institutes

How Microfinance Can Support Training Institutes

1. Start-up Capital:
   • Initial Setup: Microfinance loans can help new training institutes cover initial costs such as renting premises, purchasing equipment, and recruiting staff.
   • Licensing and Registration: Funds can be used for the legal and administrative processes needed to officially start the institute.
2. Infrastructure Development:
   • Facility Improvement: Loans can be used to upgrade facilities, enhance learning environments, and ensure compliance with safety standards.
   • Technology Investments: Institutes can invest in computers, software, and other educational technologies to improve the quality of training.
3. Operational Costs:
   • Salaries and Wages: Microfinance can help cover salaries for teachers and administrative staff, ensuring smooth operation.
   • Materials and Supplies: Funds can be used to purchase training materials, books, and other necessary supplies.
4. Expansion and Scaling:
   • New Courses and Programs: Institutes can expand their offerings by developing new courses and vocational programs.
   • Branching Out: Financial support can enable institutes to open new branches in different locations.
5. Marketing and Outreach:
   • Promotional Activities: Microfinance can fund marketing campaigns to attract more students.
   • Community Engagement: Funds can be used to conduct community outreach programs to raise awareness about the training institute and its benefits.

Steps to Access Microfinance Facilities

1. Research Microfinance Institutions (MFIs): Identify MFIs that offer loans specifically for educational institutions and training centers. Some well-known MFIs in India include SKS Microfinance, Grameen Koota, and Equitas.
2. Prepare a Detailed Business Plan: A comprehensive business plan outlining your institute’s goals, financial projections, and the purpose of the loan will be essential for securing financing.
3. Application Process: Fill out the application forms provided by the microfinance institution. Include all necessary documentation, such as business plans, financial statements, and proof of legal status.
4. Collateral and Guarantee: Be prepared to provide collateral or a guarantor if required by the MFI. Some microfinance institutions offer unsecured loans, but they may come with higher interest rates.
5. Loan Approval and Disbursement: Once your application is reviewed and approved, the loan will be disbursed. Ensure you understand the repayment terms and interest rates before accepting the loan.
6. Utilize Funds Appropriately: Use the funds as outlined in your business plan. Proper utilization of the loan will help in achieving the desired outcomes and ensure timely repayment.

Examples of Microfinance Institutions Supporting Educational Ventures

1. Ujjivan Small Finance Bank: Offers microfinance loans for educational purposes, including for running schools and vocational training centers.
2. Bharat Financial Inclusion Limited (BFIL): Provides financial services to underserved segments, including funding for educational institutions.
3. Janalakshmi Financial Services: Focuses on providing microloans to small businesses and educational enterprises..