Samvriddhi Inclusive Growth Network

What Samvriddhi Inclusive Growth Network does

Samvriddhi Inclusive Growth Network (P) Ltd. (SIGN) is a Kolkata-headquartered Corporate Business Correspondent (CBC) registered with India's public sector banks to deliver last-mile banking and financial inclusion services in rural and underserved areas. Founded in 2010 by five banking professionals with 75+ years of combined sector experience, the company operates a network of more than 10,000 Customer Service Points (CSPs) across 12+ Indian states, including Bihar, Odisha, Jharkhand, West Bengal, Uttar Pradesh, Assam, Karnataka, Maharashtra, Tamil Nadu, Telangana, Andhra Pradesh, and Delhi NCR. The company has processed 15+ million transactions and reached 5+ million Direct Benefit Transfer (DBT) beneficiaries through this network.

The company's core offering is kiosk-based rural banking powered by Aadhaar Enabled Payment System (AEPS), biometric smart card authentication, and DBT enablement. CSP kiosks deliver cash deposits, withdrawals, balance inquiries, money transfers, Aadhaar-based transactions, account opening with e-KYC, passbook printing, and enrollment in government social security schemes (APY, PMJJBY, PMSBY). The technology platform is delivered through partnerships with TCS, SahyTech, and Carasoul, and the company is ISO 9001:2015 and ISO 27001:2013 certified, operating under RBI and NPCI compliance frameworks. Supporting digital infrastructure includes a CSP agent login dashboard and a dedicated complaint registration portal.

Samvriddhi earns revenue through transaction-based commissions and managed service fees from partner banks including State Bank of India, Punjab National Bank, Bank of Baroda, UCO Bank, Odisha Gramin Bank, Central Bank of India, West Bengal Gramin Bank, and Union Bank of India. The go-to-market model combines a channel-partner structure — where CSPs operate as micro-entrepreneurs earning ₹10,000-30,000 per month in commissions — with a community-led approach involving financial literacy campaigns, NGO partnerships, and grassroots outreach. Additional revenue streams include loan sourcing and recovery support, commissions on government scheme enrollments, and project execution fees for financial inclusion mandates.

Name

Samvriddhi Inclusive Growth Network

Legal name

Samvriddhi Inclusive Growth Network (P) Ltd.

Website

https://samvriddhi.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Samvriddhi Inclusive Growth Network is a Kolkata-based Corporate Business Correspondent operating 10,000+ Customer Service Point kiosks across 12+ Indian states, delivering Aadhaar-enabled banking, AEPS transactions, and DBT disbursements to rural communities under partnerships with major public sector banks.

Ownership category

akta.pro rank

Product category

Financial Inclusion / Business Correspondent Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Financial Inclusion & Consumer Empowerment (Banking Access, Credit Building) (BPAGALAJ)

Keywords

• Business correspondent services
• Financial inclusion
• Kiosk banking
• Rural banking services
• Government DBT enablement

Headquarters

HQ city

Salt Lake City

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. CSP Commission Income: CSPs earn ₹10,000-30,000/month through commissions and incentives on banking transactions processed (AEPS, deposits, withdrawals, DBT disbursements). Samvriddhi earns a share of transaction fees from partner banks.
2. CBC Service Fees from Banks: Revenue generated as Corporate Business Correspondent by charging banks for deployment and management of CSP network, DBT enablement services, and financial inclusion project execution.
3. Scheme Enrollment Services: Facilitates enrollment for government social security schemes (APY, PMJJBY, PMSBY) earning commissions from banks for each successful enrollment and premium collection.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Samvriddhi Inclusive Growth Network (SIGN) operates as a Corporate Business Correspondent (CBC) that deploys and manages a network of Customer Service Points (CSPs) — physical micro-entrepreneur-operated kiosks — to deliver last-mile banking and financial inclusion services in rural and underserved areas of India. Its core offering combines AEPS-based cash deposits and withdrawals, Aadhaar-authenticated biometric smart card services for DBT and pension disbursement, government social security scheme enrollment (APY, PMJJBY, PMSBY), financial literacy campaigns, loan sourcing and recovery support, and end-to-end CBC enablement services for partner banks. Revenue is generated primarily through service fees from partner banks and commissions on transactions processed through the CSP network.

Product overview

Samvriddhi Inclusive Growth Network (SIGN) operates as a Corporate Business Correspondent (CBC) offering a suite of financial inclusion products through a network of Customer Service Points (CSPs). The portfolio consists of kiosk banking services enabling AEPS transactions, deposits, withdrawals, and account opening; biometric smart card services for Aadhaar-authenticated DBT disbursements; social security scheme enrollment for APY, PMJJBY, and PMSBY; financial literacy and community outreach programs; loan sourcing and recovery support; and CSP enablement and project management for partner banks. Supporting infrastructure includes a CSP complaint registration portal and an agent login/dashboard portal. The company serves underserved rural communities across 12+ Indian states in partnership with major public sector banks.

Differentiator

Problem solved

Functional benefit

Products and services

• Kiosk Banking Services
• Biometric Smart Card Services
• Social Security Scheme Enrollment
• Financial Literacy & Community Outreach

Quantifiable outcome

• 15+ million transactions processed through CSP network
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core.

• State Bank of India (SBI)coreChannel Partner/ Reseller/ DistributorIndia's largest bank and leader in rural finance. Samvriddhi is a trusted CSP partner for SBI operating in Bihar, Jharkhand, and Odisha, enabling last-mile banking through kiosk network deployment.
• Punjab National Bank (PNB)coreChannel Partner/ Reseller/ DistributorBC engagement extended for financial inclusion projects in multiple Indian states. PNB empaneled Samvriddhi for Eastern Region Financial Inclusion Drive.
• Bank of Baroda (BoB)coreChannel Partner/ Reseller/ DistributorBC engagement extended for financial inclusion projects in multiple Indian states. BoB partners with Samvriddhi for CSP deployment in rural areas.
• UCO BankcoreChannel Partner/ Reseller/ DistributorAwarded Samvriddhi 'Best Performing CBC Partner – 2024'. Partnership enables DBT disbursements and rural banking access in Odisha.
• Odisha Gramin BankcoreChannel Partner/ Reseller/ DistributorRegional rural bank sponsored by SBI, operational in 17 districts of Odisha. Samvriddhi supports CSPs in this region for rural banking services.
• Central Bank of IndiacoreChannel Partner/ Reseller/ DistributorPublic sector bank with nationwide presence. Partners with Samvriddhi to empower rural entrepreneurs and CSPs across Odisha with reliable financial services.
• West Bengal Gramin BankcoreChannel Partner/ Reseller/ DistributorServes rural Bengal with accessible banking, backed by UCO Bank. Collaborates with Samvriddhi to expand digital banking and support local CSPs.
• Union Bank of IndiacoreChannel Partner/ Reseller/ DistributorMoU signed in April 2025 for DBT scheme services in Odisha. Partnership enables electronic benefit transfer disbursements to beneficiaries.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Jai Kisan (JVVNL group): Digital platform focused on rural and farmer financing, providing credit and EMI collection services. Comparable in serving rural Indian customers with financial services, though more focused on credit than agent banking.
• Eko (Eko India Financial Services): Digital financial services platform enabling banking, payments, and money transfer services through a network of retail partners. Comparable partner-based model for serving underserved customers, though with stronger digital pivot.

Broad incumbents

• Bandhan Bank: Universal bank with a microfinance-led heritage and large rural/semi-urban banking presence. Comparable in serving rural underserved customers and BC-driven distribution, though with a full-bank operating model.
• AU Small Finance Bank: Indian small finance bank with strong rural and semi-urban footprint, retail banking, and BC services. Comparable in financial inclusion focus but with a full bank license and broader product portfolio.
• Paytm Payments Bank: One of India's largest payments banks with a massive rural agent network and DBT/AEPS capabilities. Broader fintech portfolio but directly overlaps with Samvriddhi in last-mile banking and financial inclusion.

Direct peers

• Fino Payments Bank: Indian payments bank that evolved from a Business Correspondent network (Fino Fintech), offering banking, AEPS, money transfer, and DBT services through a large rural agent network. Directly comparable as a BC-driven last-mile banking infrastructure player in India.
• Spice Money (formerly Sodexo BRS): Major BC-focused fintech and agent network offering AEPS, money transfer, banking, and digital payments to underserved customers across India. Directly comparable in the BC-led financial inclusion agent network category.
• India1 Payments (formerly ItzCash/India1Pay): Operates a large BC and ATM network across India facilitating AEPS, DBT, money transfer, and banking services. Closest comparable in terms of the Corporate Business Correspondent (CBC) model and multi-bank partnership approach.
• Sub-K Impact Solutions: Financial services company building a BC agent network across India for banking, insurance, and lending services in rural and semi-urban areas. Comparable service mix and target customer base.

Regional players

• Svatantra Microfinance Private Limited: Indian microfinance institution serving rural and underserved borrowers, with overlap in rural financial inclusion and DBT-adjacent lending. Comparable in customer base, though focused on credit and microfinance rather than bank-corr banking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Samvriddhi Inclusive Growth Network