Saksham Gram
SakshamGram Credit Private Limited is a Pune-based Business Correspondent that originates JLG microfinance loans and MSME business loans (unsecured up to Rs. 2 lakh, secured up to Rs. 50 lakh) for rural women and micro-entrepreneurs across 8 Indian states, partnering with DCB, ICICI, IDBI, and Yes Bank.
- Company typePrivate
- Founded2019
- HeadquartersPune, India
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Saksham Gram does
SakshamGram Credit Private Limited is a Pune-headquartered, RBI-regulated Business Correspondent that distributes microfinance and MSME credit on behalf of four partner banks (DCB, ICICI, IDBI, Yes Bank) across 8 Indian states. Its core product is a Joint Liability Group (JLG) microfinance loan targeted at rural women borrowers, underwritten on mutual guarantee for income-generation activities. The company complements JLG with unsecured micro-enterprise loans up to Rs. 2 lakh (12–36 month tenure) and secured business loans up to Rs. 50 lakh (up to 120-month tenure), plus credit-linked insurance from Kotak Mahindra General Insurance, ACKO, and Religare.
Operations are delivered through a 72-branch network spanning 38 districts across Maharashtra, Karnataka, Bihar, Rajasthan, Chhattisgarh, Madhya Pradesh, Uttar Pradesh, and Telangana. The Business Correspondent model means the company originates, processes, and services loans while the partner bank holds the credit and capital on its books; revenue accrues to SakshamGram primarily through origination/service fees and insurance commissions. Distribution is direct — via branches and an online application form — with no disclosed proprietary lending platform, mobile app, or technology stack beyond a corporate website. KPMG India is engaged as advisory partner for policy compliance and risk management.
The company is founder-led, with deep prior experience at RBL Bank, Utkarsh MFI (now Utkarsh SFB), Aye Finance, HDFC Bank, and Ujjivan SFB among the founding and management teams. Board oversight includes two independent directors (one a 37-year PSU/private banking veteran) and a nominee director from KJMC Finserv Group. The company is privately held, with no disclosed external institutional funding.
Saksham Gram firmographics
Firmographics- Name
- Saksham Gram
- Legal name
- SakshamGram Credit Private Limited
- Website
- https://sakshamgram.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- SakshamGram Credit Private Limited is a Pune-based Business Correspondent that originates JLG microfinance loans and MSME business loans (unsecured up to Rs. 2 lakh, secured up to Rs. 50 lakh) for rural women and micro-entrepreneurs across 8 Indian states, partnering with DCB, ICICI, IDBI, and Yes Bank.
- Ownership category
- akta.pro rank
Saksham Gram industry classification
Industry- Product category
- Microfinance and MSME Lending
- NAICS
- Mortgage and Nonmortgage Loan Brokers (52231)
- SIC
- Loan Brokers (6163)
- akta.pro primary industry
- Microenterprise Group Lending (Joint Liability) (FSAKAGAH)
- akta.pro secondary industry
- SME Term Loans & Growth Capital (FSAKAGAB)
Keywords
Where Saksham Gram is headquartered
LocationHeadquarters
- HQ city
- Pune
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Saksham Gram business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Microfinance Loans (JLG): Provides microfinance loans to Joint Liability Groups where women borrowers come together to avail loans against mutual guarantee for income generation activities. Revenue generated through interest spread on loans facilitated through banking partnerships.
- Micro Enterprise Loans: Unsecured business loans up to Rs. 2 lakh and secured business loans up to Rs. 50 lakh with tenures ranging from 12-120 months. Revenue derived from interest income and processing fees on MSME lending.
- Credit-linked Insurance: Provides credit-linked insurance products on behalf of banking partners, earning commission or referral fees for insurance product distribution.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Saksham Gram product offering
Product offeringCore offering
SakshamGram provides microfinance loans to Joint Liability Groups (JLG) of women borrowers and micro enterprise (MSME) loans to small businesses, operating as an authorized Business Correspondent to Banks and NBFCs in India. Its unsecured business loans range up to Rs. 2 lakh (12–36 month tenure) and secured business loans up to Rs. 50 lakh (up to 120 month tenure). The company also distributes credit-linked insurance on behalf of banking and insurance partners through its 72 branches across 8 states.
Product overview
SakshamGram operates as a financial services company offering microfinance and micro enterprise loan products. The company provides Microfinance Loans through the Joint Liability Group (JLG) model targeting women borrowers for income generation, and Micro Enterprise Loans in both unsecured (up to Rs. 2 lakh) and secured (up to Rs. 50 lakh) variants. Credit-linked insurance is also offered in partnership with banking partners. The company serves as an authorized Business Correspondent to Banks and NBFCs in India.
Differentiator
Problem solved
Functional benefit
Products and services
- Microfinance Loans (JLG) Microfinance loans provided to Joint Liability Groups (JLG), where women borrowers come together to avail loans against mutual guarantee for income generation activities in rural India. Distributed by SakshamGram as an authorized Business Correspondent to partner banks and NBFCs including DCB Bank, ICICI, IDBI, and Yes Bank.
- Micro Enterprise Loans (Unsecured) Unsecured business loans up to Rs. 2 lakh with tenures of 12-36 months, targeted at rural micro and small enterprises for working capital and income generation, facilitated through partner banks and NBFCs.
- Micro Enterprise Loans (Secured) Secured business loans up to Rs. 50 lakh with tenures up to 120 months, designed for small enterprises requiring collateral-based growth financing, facilitated through partner banks and NBFCs.
- Credit-linked Insurance Credit-linked insurance products distributed on behalf of banking partners and insurance providers (Kotak Mahindra General Insurance, ACKO General Insurance, Religare Health Insurance), providing risk cover alongside loan facilities.
Companies that use Saksham Gram
Customer profileSegments3 records
Ideal customer profiles2 records
Saksham Gram technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Saksham Gram partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and supporting.
- DCB BankcoreBanking partner for distribution of microfinance and MSME loan products. SakshamGram operates as Business Correspondent to DCB Bank.
- ICICI BankcoreBanking partner for loan product distribution and financial services delivery in rural markets.
- IDBI BankcoreBanking partner providing institutional support for microfinance and rural lending operations.
- Yes BankcoreBanking partner for distribution of financial products and services to underserved rural entrepreneurs.
- Kotak Mahindra General InsurancesupportingInsurance partner for credit-linked insurance products distributed alongside loans.
- ACKO General InsurancesupportingInsurance partner for providing credit-linked insurance solutions to borrowers.
- Religare Health InsurancesupportingInsurance partner for health and credit-linked insurance products.
- TCFSL (Toyota Financial Services)supportingLending partner for specialized financing solutions.
- KPMG IndiasupportingAdvisory partner providing consulting services for policy compliance, risk management, and operational excellence.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Saksham Gram competitors and assessment
Company assessmentDirect peers
- Fusion Microfinance: Fusion Microfinance is an Indian JLG-based microfinance NBFC serving rural women borrowers across states including Bihar, UP and MP that overlap directly with SakshamGram's footprint. SakshamGram's Zonal Head East & Central came from Fusion as Zonal Head of similar territories, indicating directly comparable field operations and customer segment.
- Aye Finance: Aye Finance is an Indian NBFC focused on micro and small enterprise lending to underserved businesses, with similar geographic concentration in tier-2/tier-3 markets. SakshamGram's Co-Founder G Naga Reddy and JLG head Kishor Dongarwar both previously held roles at Aye Finance, reflecting identical execution playbooks in micro-enterprise underwriting.
- Svatantra Microfin: Svatantra Microfin is an Indian microfinance NBFC serving rural women borrowers through JLG lending, including via BC relationships. It competes for similar customers in states where SakshamGram operates, making it a direct comparable for unit economics and field operations.
- Satin Creditcare Network: Satin Creditcare is a listed Indian microfinance NBFC offering JLG loans and MSME credit to underserved borrowers, often via partner-bank BC models similar to SakshamGram's. Its product mix including micro-enterprise and BC-distributed credit parallels SakshamGram's core offering.
- CreditAccess Grameen: CreditAccess Grameen is a major Indian microfinance NBFC providing JLG loans to women borrowers across rural India. It targets essentially the same customer profile and geographies as SakshamGram's JLG business and serves as a benchmark for unit-economics and scale in the segment.
- Muthoot Microfin: Muthoot Microfin is an Indian microfinance NBFC providing JLG loans to rural women across India. It pursues the same geographic and segmental strategy as SakshamGram, leveraging similar partner-bank and group-guarantee structures.
- Spandana Sphoorty Financial: Spandana Sphoorty is one of India's largest microfinance NBFCs focused on JLG lending to rural women borrowers. It operates across many of the same states as SakshamGram and competes directly for the same end-customer segment through both direct lending and BC arrangements.
Broad incumbents
- Bandhan Bank: Bandhan Bank is a universal bank that originated as a microfinance institution serving EEB and JLG borrowers. It targets a similar underserved customer base with low-ticket credit and overlaps substantially with SakshamGram's rural, women-borrower focus at much larger scale.
- Utkarsh Small Finance Bank: Utkarsh SFB is a converted microfinance-turned small finance bank serving rural and semi-urban MSMEs with banking products. SakshamGram's founder Gyanandra Mishra was a founding member of Utkarsh MFI, making Utkarsh a closely comparable adjacent player in rural and JLG lending with broader balance-sheet capabilities.
- Ujjivan Small Finance Bank: Ujjivan SFB is a leading small finance bank with origins in JLG microfinance, serving similar rural and MSME customer segments across India. Co-Founder G Naga Reddy held senior zonal roles at Ujjivan MFI (now SFB) and SakshamGram's distributor playbook mirrors the model Ujjivan scaled.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks4 records
Key highlights6 records
Customer concentration
Saksham Gram social profiles
Digital presenceSaksham Gram financial estimates
Financial estimateRevenue estimate
Valuation estimate
Saksham Gram leadership team
Management profileNumber of profiles
Profiles11 records
Saksham Gram funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Saksham Gram 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 Saksham Gram
What does Saksham Gram do?
SakshamGram provides microfinance loans to Joint Liability Groups (JLG) of women borrowers and micro enterprise (MSME) loans to small businesses, operating as an authorized Business Correspondent to Banks and NBFCs in India. Its unsecured business loans range up to Rs. 2 lakh (12–36 month tenure) and secured business loans up to Rs. 50 lakh (up to 120 month tenure). The company also distributes credit-linked insurance on behalf of banking and insurance partners through its 72 branches across 8 states.
Is Saksham Gram a public or private company?
Saksham Gram is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Saksham Gram founded?
Saksham Gram was founded in 2019. It employs 101 to 250 people.
Where is Saksham Gram based?
Saksham Gram is headquartered in Pune, India, in the Asia region.
How does Saksham Gram make money?
Three revenue lines are on record. Microfinance Loans (JLG) is the primary driver. The others are micro Enterprise Loans and credit-linked Insurance.
Who are Saksham Gram's main competitors?
Direct peers on record are Fusion Microfinance, Aye Finance, Svatantra Microfin, Satin Creditcare Network, CreditAccess Grameen, Muthoot Microfin and Spandana Sphoorty Financial. Broad incumbents are Bandhan Bank, Utkarsh Small Finance Bank and Ujjivan Small Finance Bank.
Does Saksham Gram have an API?
No public API is recorded for Saksham Gram.
What industry is Saksham Gram in?
Saksham Gram's product category is Microfinance and MSME Lending. Its primary akta.pro industry code is FSAKAGAH, Microenterprise Group Lending (Joint Liability), with a secondary code of FSAKAGAB, SME Term Loans & Growth Capital. Its NAICS code is 52231 and its SIC code is 6163.