PHONE: +91 0631-2225113/+91-0124-4503347

Save Solutions has raised $6 million from Incofin.         Over 10 million customers through over 9500+ customer service points across 28 states in India.            400+ districts covered, 8500+ CSPs of SBI, 1000+ CSPs of Bank Of India, 350+ CSPs of Purvanchal Gramin Bank, 200+ CSPs of Vananchal Gramin Bank, 50+ CSPs of Bank Of Baroda
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MSME

  • Our Work
  • Banking Correspondence
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  • RFID (ETC)
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MSME (Micro, Small and Medium Enterprises)

Save(Society for Advancement of Village Economy) was established in 2009 in Gaya, Bihar with the aim to include the highly populated, untapped Rural Economy of India in the Indian Financial Landscape. Save was initially incorporated as a Society in year 2009 with the motive to promote various aspects of social development of rural populace in the states of Bihar, Jharkhand, U.P. Odisha and Chhattisgarh in India.

It was converted into a Private Limited Company, Save Solutions Pvt. Ltd. and started operations as a Pvt. Ltd Company. and became one of the largest Banking Business Correspondent in India.


40 per cent of the adult population has bank accounts. 51.4 per cent of nearly 89.3 million farm households do not have access to any credit either from institutional or non-institutional sources. Only 13 per cent of farm households are availing loans from the banks in the income bracket of < US$ 1000 p.a..







Loan Names Loan Types
Ujaala Customer Individual
Ticket Size 1,00,000- 3,00,000
Tenure 2-3 years
Collateral Yes
Purpose Business, Family, Emergency, Education& Agriculture
Unnati Customer Individual
Ticket Size 3,00,000-5,00,000
Tenure 2-4 years
Collateral Yes
Purpose Working capital, capital expenditure & debt consolidation
Samridhi Customer Individual
Ticket Size 5,00,000- 10,00,000/-
Tenure 3-4 years
Collateral Yes
Purpose Construction & Purchase, Improvement, Renovation
Vridhi Customer Individual
Ticket Size 10,00,000 - 15,00,000
Tenure 2-3 years
Collateral Yes
Purpose Business, Livestock, Higher Education, Shop Improvement

Agriculture requires timely credit to enable smooth functioning. However, only one-eighth of farm households avail bank credit. Local money-lending practices involve interest rates well above 30 per cent. NBFCs are rapidly gaining prominence as intermediaries in the retail finance space. Keeping this thing in mind, Save group started a NBFC by the name of Save Financial Services Pvt Ltd in 2018.

Save Financial has started their operations in Micro-Small and Medium Enterprise (MSME) in July’2018 with an aim to provide business financial solutions to those with informal incomes. We were amongst the few organisations in India who did in depth study of this segment and created a model which was depended on non-traditional way of loan underwriting. We started to customize credit programs for each customer and try help them to scale their business to next level. Currently, we are present in 4 states viz Delhi NCR, Bihar , UP and Haryana.


Our motto is to help and build successful business modules for those who are outside the banking mainstream. We engage our clients in a personal discussion about their business which ranges from their past work, how much they earn, what is their margin, who are their suppliers and purchasers, who are their competition, what is their vision for their business etc. We take a complete overview of the client and try to understand about instalment paying capacity every month. We provide them financial tools by which they can come into main banking domain.

We provide last mile banking services to the unbanked through our extensive and effective Customer Service Points. In last ten years, we have touched the lives of over 10 million customers.Read More

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Contact

    Head Office


  • 3rd floor, apex tower, AP Colony, Gaya - 823001, Bihar
  • +91 0631-2225113
  • Branch office


  • DSM-239-240, DLF tower, Moti Nagar, New Delhi-110015
  • +91-0124-4503347
  • For Save Solutions pvt (BC Business)
    customercare.csp@saveind.in

  • For Save Financials services Pvt Ltd (NBFC)
    customercare.nbfc@saveind.in

  • For Save Micro finance Pvt Ltd (NBFC-MFI)
    customercare@savemfi.in

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