Nabard Financial Services
NABFINS Limited is a Bengaluru-headquartered NBFC-MFI and NABARD subsidiary that extends group and individual microfinance credit to low-income households and the unorganized sector across 18 Indian states via 477 branches and 300+ partner facilitators.
- Company typePrivate
- Founded1997
- HeadquartersBengaluru, India
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What Nabard Financial Services does
NABFINS Limited (Nabard Financial Services) is a Bengaluru-headquartered, non-deposit-taking NBFC-MFI registered with the Reserve Bank of India and a subsidiary of the National Bank for Agriculture and Rural Development (NABARD), which holds not less than 51% of the shareholding alongside equity from Government of Karnataka, Canara Bank, Union Bank of India, Bank of Baroda, Dhanlaxmi Bank, and Federal Bank. The company extends microfinance credit to low-income households and the unorganized sector through Self Help Groups (SHGs), Joint Liability Groups (JLGs), Second Level Institutions (SLIs), and individual traders/micro-enterprises, with loan tickets ranging from Rs. 25,000 (skill loans) to Rs. 15 lakh (top-tier SHG loans) and interest rates starting at 22.95% for core group loans and 4-17.85% for concessional livelihood programmes such as PTSLP and PARFI skill loans. It operates a dual-channel distribution model combining 477 own branches across 18 states and 1 Union Territory with a network of 300+ empanelled Business & Development Correspondents/Facilitators (about 200 active, plus 119 dedicated Business Correspondents with 204 staff).
The company was incorporated in 1997, re-registered as an NBFC in 2008, and registered as an NBFC-MFI in February 2015, and was explicitly established by NABARD to set benchmarks and standards for the Indian microfinance sector. As of November 2024, NABFINS served 11.23 lakh active borrowers with a balance sheet of Rs. 3,332 Cr and a 3,300-member team organized into 28 regional units. The technology backbone is a Core Microfinance Solution with planned Go-Live in April 2025, designed to digitize end-to-end loan lifecycle (onboarding, disbursement, recovery), complemented by a Finpage portal, Nabfinet compliance module, Jan Samarth and e-KCC integrations, and an M-SWASTh digital healthcare partnership. Supplementary offerings include credit life insurance (Rs. 0.84 per Rs. 1,000 sum assured), individual traders loans, housing loans, and CSR-anchored livelihood programmes in partnership with organizations such as Swades Foundation, Sulabh International, and SKDRDP.
Nabard Financial Services firmographics
Firmographics- Name
- Nabard Financial Services
- Legal name
- NABFINS Limited
- Website
- https://nabfins.org
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- NABFINS Limited is a Bengaluru-headquartered NBFC-MFI and NABARD subsidiary that extends group and individual microfinance credit to low-income households and the unorganized sector across 18 Indian states via 477 branches and 300+ partner facilitators.
- Ownership category
- akta.pro rank
Nabard Financial Services industry classification
Industry- Product category
- Microfinance
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Microenterprise Group Lending (Joint Liability) (FSAKAGAH)
- akta.pro secondary industries
- Co-signed & Joint Personal Loans (Unsecured Installment) (FSAKAAAJ), Personal Loan & Unsecured Credit Intermediation (FSAEAEAM), National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)
Keywords
Where Nabard Financial Services is headquartered
LocationHeadquarters
- HQ city
- Bengaluru
- HQ country
- India
- HQ region
- Asia
Offices5 records
Markets served
Nabard Financial Services business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Microfinance Lending: NABFINS generates revenue primarily through interest income from microfinance loans extended to Self Help Groups (SHGs), Joint Liability Groups (JLGs), Second Level Institutions (SLIs), and individual traders/small businesses. Interest rates charged are among the lowest among NBFC MFIs in India.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | SHG Loans - Up to Rs. 15 Lakh at 22.95% interest |
| Unit Pricing | Monthly | JLG Loans - Up to Rs. 7.5 Lakh at 22.95% interest |
| Unit Pricing | Monthly | Direct Lending JLG - Up to Rs. 7.50 Lakh at 22.95% interest |
| Unit Pricing | Monthly | Institutions (Not Graded) - Variable rates 11.80 to 17.30% |
| Unit Pricing | Monthly | Individual Traders/Small Business - Up to Rs. 3 Lakh at 23.50% |
| Unit Pricing | Monthly | PTSLP JLGs - Up to Rs. 2 Lakh at 17.85% |
| Unit Pricing | Monthly | PTSLP Patient Capital - 25% of project cost at 4% |
| Unit Pricing | Monthly | PARFI Skill Loans - Up to Rs. 25,000 at 6% |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Nabard Financial Services product offering
Product offeringCore offering
NABFINS Limited is a non-deposit taking NBFC-MFI that extends microfinance credit to Self Help Groups (SHGs), Joint Liability Groups (JLGs), Second Level Institutions (SLIs), and individual traders/small businesses, leveraging social collateral and group-based lending. The company operates a multi-channel delivery model combining 477 direct branches with a network of over 300 Business & Development Correspondents/Facilitators across 18 states and 1 Union Territory in India.
Product overview
NABFINS (NABARD Financial Services) is a non-deposit taking NBFC-MFI and subsidiary of NABARD, providing microfinance and financial services to low-income households and the unorganized sector. The company operates a multi-channel delivery model across 18 states and 1 union territory through 477 branches. The core product is Group Lending (SHGs and JLGs) delivered via two models: Partners-B&DC (through Business Correspondents/Facilitators) and Direct Lending. Complementary offerings include Lending to Institutions (SLIs), Traders Loan, Credit Under PTSLP (IFAD programme), and Skill Loan Model (PARFI partnership). Micro-Insurance Services provides linked credit life insurance.
Differentiator
Problem solved
Functional benefit
Products and services
- Group Lending Microfinance lending to Self Help Groups (SHGs) and Joint Liability Groups (JLGs) through social collateral and peer pressure dynamics. Delivered via two models: Partners-B&DC (through Business & Development Correspondents/Facilitators) and Direct Lending Model. Loan amounts up to Rs. 15 Lakh for SHGs and Rs. 7.5 Lakh for JLGs at 22.95% interest for low-income households.
- Lending to Institutions Credit facilities for Second Level Institutions (SLIs) including producer collectives, farmers' associations, and SHG federations engaged in aggregation, value addition, and rural producer support services. Variable interest rates from 11.80% to 17.30% based on institution grading.
- Traders Loan Individual loans for traders and small/micro-enterprises, including women-owned businesses, providing working capital and business expansion financing at competitive rates of 23.50% for loans up to Rs. 3 Lakh.
- Credit Under PTSLP Low-cost credit extended to beneficiaries of the IFAD-assisted Post Tsunami Sustainable Livelihood Programme, combined with Patient Capital support at 4% interest from Government of Tamil Nadu for micro-enterprise development in tsunami-affected areas.
- Skill Loan Model (PARFI) Strategic partnership with PARFI (Pan IIT Alumni Reach for India Foundation) to provide vocational training loans up to Rs. 25,000 at 6% interest for industry-specific skill development among underserved borrowers.
- Micro-Insurance Services Credit life insurance services for borrowers and co-obligants, providing financial protection linked to microfinance loans at Rs. 0.84 per Rs. 1000 of sum assured per month for both borrower and co-obligant.
Quantifiable outcome
- 11.23 lakh active borrowers served
- +4 more outcomes
Companies that use Nabard Financial Services
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles3 records
Nabard Financial Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Nabard Financial Services partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- M-SWASThcoreNABFINS signed MoU with M-SWASTh to offer Digital Healthcare Services to its borrowers and rural clientele. This partnership enables provision of healthcare services alongside financial services to clients.
- Swades FoundationcoreNABFINS partnered with Swades Foundation for rural empowerment initiatives including dairy value chains for marginal farmers and empowerment in Raigad district.
- Shri Kshetra Dharmasthala Rural Development Project (SKDRDP)minorVisit to Shri Kshetra Dharmasthala Rural Development Project for knowledge sharing and partnership exploration in rural development initiatives.
- Tamil Nadu GovernmentcoreNABFINS signed MoU with Tamil Nadu Government for project expansion, enabling wider reach of financial services in the state.
- Sulabh International Social Service OrganizationminorNABFINS joined hands with Sulabh International for Swachh Bharat Abhiyan. CSR projects include construction of school toilets and community toilet complexes in various locations.
- GRAAM (Grameen REACH)minorCSR partnership for interventions to address malnutrition among target populations.
- IRIDS B&DCminorCSR funded project for Tailoring & Embroidery Skill Training center at Ramanagara District.
- Eco FemmeminorCSR partnership for adolescent girl children menstrual hygiene program.
- UNRC West TripuraminorCSR partnership for Poultry Enterprise Development Programme.
Scale indicators10 records
Recent moves11 records
Expansion highlights7 records
Nabard Financial Services competitors and assessment
Company assessmentDirect peers
- Muthoot Microfin: NBFC-MFI part of the Muthoot Group, providing JLG group loans to women in rural India. Comparable on product, customer segment and channel-led distribution.
- Satin Creditcare Network: NBFC-MFI offering micro-credit to underserved women in rural India through JLG group model. Directly comparable on group-lending product, channel and customer profile.
- Bandhan Bank: Universal bank that originated as an MFI and retains a substantial microfinance book. Directly comparable in microfinance underwriting and rural borrower focus, though broader product suite.
- Spandana Sphoorty Financial: Listed NBFC-MFI providing joint-liability group loans primarily to women in rural India. Closely comparable in ticket size, borrower segment and group-based delivery model.
- Asirvad Microfinance: Chennai-headquartered NBFC-MFI offering micro-loans to women through group lending. Directly comparable in product, target customer and South-India geographic mix.
- Fusion Microfinance: NBFC-MFI focused on lending to women SHGs/JLGs across under-served Indian states. Direct comparable on group-lending product, geography (rural/semi-urban) and customer income profile.
- Ujjivan Small Finance Bank: Small finance bank with MFI origins serving low-income and unbanked segments across India. Overlaps with NABFINS in microfinance borrowers and financial-inclusion mission; differs in deposit-taking bank charter.
- CreditAccess Grameen: India's largest NBFC-MFI by AUM, focused on group lending to women SHGs/JLGs in rural India. Closest direct peer to NABFINS in business model, customer segment and group-joint-liability underwriting.
- Svatantra Microfin: NBFC-MFI providing group loans to women entrepreneurs in rural India. Comparable on group-lending product, social-collateral underwriting and low-income customer focus.
Broad incumbents
- Equitas Small Finance Bank: Small finance bank with origins in microfinance and a large MFI book among self-employed and low-income segments. Competes with NABFINS in the same borrower cohort but operates with a full banking licence.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
Nabard Financial Services social profiles
Digital presenceNabard Financial Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nabard Financial Services leadership team
Management profileNumber of profiles
Profiles23 records
Nabard Financial Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nabard Financial Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nabard Financial Services
What does Nabard Financial Services do?
NABFINS Limited is a non-deposit taking NBFC-MFI that extends microfinance credit to Self Help Groups (SHGs), Joint Liability Groups (JLGs), Second Level Institutions (SLIs), and individual traders/small businesses, leveraging social collateral and group-based lending. The company operates a multi-channel delivery model combining 477 direct branches with a network of over 300 Business & Development Correspondents/Facilitators across 18 states and 1 Union Territory in India.
Is Nabard Financial Services a public or private company?
Nabard Financial Services is a private company. It is classified as state government owned and is currently operating.
When was Nabard Financial Services founded?
Nabard Financial Services was founded in 1997. It employs 1,001 to 5,000 people.
Where is Nabard Financial Services based?
Nabard Financial Services is headquartered in Bengaluru, India, in the Asia region.
How does Nabard Financial Services make money?
One revenue line is on record: microfinance Lending.
Who are Nabard Financial Services's main competitors?
Direct peers on record are Muthoot Microfin, Satin Creditcare Network, Bandhan Bank, Spandana Sphoorty Financial, Asirvad Microfinance, Fusion Microfinance, Ujjivan Small Finance Bank, CreditAccess Grameen and Svatantra Microfin. Equitas Small Finance Bank is listed as a broad incumbent.
Does Nabard Financial Services have an API?
No public API is recorded for Nabard Financial Services.
What industry is Nabard Financial Services in?
Nabard Financial Services's product category is Microfinance. Its primary akta.pro industry code is FSAKAGAH, Microenterprise Group Lending (Joint Liability), with a secondary code of FSAKAAAJ, Co-signed & Joint Personal Loans (Unsecured Installment). Its NAICS code is 522 and its SIC code is 6141.