Livelihood Solutions

Muthoot Microfin is a pioneer in product innovation and design. The institution’s products are fundamentally designed for the empowerment of women by economically activating them. Our clients are economically backward women entrepreneurs from rural areas and urban slums, for whom formal financial services are unreachable.
The institution’s product basket - including Livelihood, Health & Hygiene and Life Betterment solutions - addresses the life cycle needs of disadvantaged communities living in the remote corners of the country. The institution further supports the women entrepreneurs with skill training programs, business acumen trainings and financial literacy classes.

  • Income Generating Loan
  • Pragathi Loan
  • Individual Loan

Income-generating loans are our principal loan product offered to women in rural areas, intended to provide capital for their small businesses. The loans are offered for businesses in multiple sectors. Income generating loans are backed with group guarantee in a joint liability group.

Lack of capital is identified as one of the most important obstacles for disadvantaged women to venture into entrepreneurship. Through our IGL package, Muthoot Microfin aims to provide financial support to disadvantaged women who have the potential to uplift themselves in the society, but investment has been the hindering factor all while.

Muthoot Microfin provides loans to micro enterprises – for initial investment and for expanding businesses. The loans are offered in different cycles.

Loan Amount Rs. 10,000 - Rs. 85,000
Tenure 52/104/156 weeks or 26/52/78 fortnights or 12/24/36 months
Rate of Interest Click here

Pragathi loans are interim loans made to existing customers for working capital and income generating activities.

Loan Amount Rs. 5,000 - Rs. 30,000
Tenure 52/104/156 weeks 0r 12/24/36 months
Rate of Interest Click here

Individual loans are made to our existing customers who have been associated with our Company as customers for at least two years for their income generating activities.

Loan Amount Rs. 60,000 - Rs. 300,000
Tenure 24/36 months
Rate of Interest Click here

Key Features and Benefits of our Products

  • Access to credit for the marginalised sections of the society
  • Enables access to education and healthcare for people who do not have access and/or affordability
  • Improves income and nutrition for families, especially women
  • Smaller loans do not burden the individual and family and repayment is in easy installments
  • An entrepreneur once successful will hire others, and it will lead to job and wealth creation
  • Significant economic gains for the nation as a whole

Eligibility Criteria

Applicants must meet the following requirements to be eligible for the loan:

  • Should fulfil KYC documents requirements
  • Age should be between 18 to 60 years
  • Should not have an adverse credit record
  • Should meet the acceptable credit norms as per RBI andMuthoot Microfin
  • Should be part of a group of customers who are willing to guarantee each other for the repayment of loan

 

How to Apply

  • Visit the nearest Muthoot Microfin branch and our Relationship Officer will guide you on the application process.
  • Call us on our toll-free number 1800 1027 631and our Relationship Officer will fix a doorstep service appointment to help you with the application process.

 

For Terms and Conditions, please contact the nearest Muthoot Microfin branch.

Loan approval is at the sole discretion of Muthoot Microfin Limited.

Easy Documentation

A complete KYC process is required to take a microfin loan.

The documents required are:

  • Primary ID:
    • Voter ID card
  • Secondary ID:
    • PAN card
    • Passport
    • Driving licence
    • MGNREGA Card
    • Letter issued by Government authorities
    • Passbook of nationalised banks
  • Address Proof:
    • Voter ID card
    • Aadhaar
    • Passport
    • Driving licence
    • MGNREGA Card
    • Letter issued by Government authorities
    • Passbook of nationalised banks
    • Life Insurance policy or latest Premium receipt
    • Rent agreement
    • Consumer gas connection card/Book
    • Utility bills (not more than 90 days old)

  • Photograph

    A recent passport size photograph

  • Proof of Identity

    Aadhar Card and Voter’s ID

  • Address Proof

    Voter ID / Aadhar Card / Driving License / Ration Card / Passport

  • Age Proof

    Passport / Aadhar Card

  • Income Proof

    Financial documents would include copies of IT returns for the previous two years and the recent bank statements for six months.

Customer Success Stories

Jaywanti, a determined entrepreneur aged 41, hailing from the serene town of Ahirkhedi in Indore, Madhya Pradesh, has become a beacon of hope for her husband, three children, and her community. Armed with... read more

Dreams turn into profitable ventures

Two years ago, Anushya, age 36, from Kallidaikurichi, Tamil Nadu, embarked on a remarkable journey by starting her own fancy and tailoring shop. She had a vision, a passion for stitching, and a desire... read more

Sewing a bright future

Jaya Surendran is a 51-year-old housewife turned farmer and cattle breeder from Thrissur district of Kerala. Her husband, involved in farming for decades was the sole bread winner for the family of four.... read more

Dreams do come true

Why Muthoot Microfin?

Muthoot Microfin is a part of Muthoot Blue (Muthoot Pappachan Group). Muthoot Pappachan Group has a reputation that has been shaped over decades with high-quality practices, total customer satisfaction and steady growth. We believe that the history of Muthoot Pappachan Group in working with customers from the bottom of the economic pyramid, helps us better address the needs of our target customers. We are passionate about helping people from the bottom of the pyramid to realize their dreams. Our brand identity possesses an unwavering commitment to financial inclusion.

You can trust Muthoot Blue because:

  • We have over 4200 branches across India. Visit your nearest Muthoot Blue branch to get a microfin loan quickly and without any hassle.
  • Nearly 1,00,000 customers walk into our branches daily and are assured of trustworthy and simple services.
  • Our customer-centric approach and innovation over the past +133 years without compromising on the God-given values of trust, truth, transparency and tradition is what helps us in empowering the human ambitions.

Muthoot Microfin

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