19 FINANCEOUTLOOKINDIADECEMBER, 2024working closely with the citizens of these regions and has been able to provide considerable support at the aimed geographies. GDF focuses on providing lending support to mostly farm-based communities in northeast India which is ultimately governed by the Grameen Sahara NGO. We have seen in recent times that there have been numerous financial scams in the northeast regions where police have raided the offices of many NBFCs to check on any kinds of illegal activities happening. Many poor and underprivileged citizens have lost their hard-earned income and incurred heavy financial losses. This is exactly why GDF wants to create a sense of transparency and trust among the customers it serves and strictly follow all the RBI guidelines in terms of lending. "Currently, we can disburse loans up to three years at 15 percent interest which is comparatively lower than many other lenders available in this sector. We also provide other support services in terms of general insurance, and life and medical insurance. We are not directly involved in providing insurance because of IRDAI regulation but try to provide information about the latest insurance products to citizens", stated the MD.Future EndeavorsSince its inception, GDF has earned considerable recognition and trust in the market through its transparent lending framework and relentless efforts in serving underserved communities. It has helped in building many small businesses and worked a lot towards uplifting the underprivileged regions of northeast India. Looking ahead, it aims at creating its presence in more northeastern states and does not plan to expand business beyond northeast India as of now. "There is a huge demand for capital in this part of India and we are working on building business partnerships and mobilizing more capital to serve the need. We want to create our presence in the remote regions of this part of the country in the coming years", concluded the MD. MICRO10 MOST PROMISINGINSTITUTIONS - 2024MICROFINANCESince its inception, GDF has earned considerable recognition and trust in the market through its transparent lending framework and relentless efforts in serving underserved communities
< Page 9 | Page 11 >