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Empowering Women for a Better Tomorrow

COVID -19 ‘MORATORIUM SCHEME’ FOR THE CLIENTS / BORROWERS - Company extends three-month moratorium to all our existing microfinance clients. Tenure of Loan will get extended without any change in amount of EMI and with or without change in the terms and conditions agreed upon with the deferred installments being collected after the end of original tenure. Interest for the deferred period will be recovered during the extended loan tenure. However, if any of our clients (New as well as existing) within the Moratorium Scheme Period are willing to make payments of installments due, the same will be collected after taking due self-declaration from the respective Client (New as well as existing). MR. GANESH CHANDRA MODAK, MD HAS BEEN CONFERRED WITH THE PRESTIGIOUS 'SKOCH ORDER-OF-MERIT' AWARD FOR HIS LEADERSHIP QUALITY IN THE FIELD OF BANKING & FINANCE. || HE HAD ALSO BEEN AWARDED BY AMFI-WB FOR 'BEST CLIENT-CENTRIC' ACTIVITIES UNDERTAKEN BY ANY ORGANISATION. || 2 PUBLIC SECTOR BANKS (STATE BANK OF INDIA & UNION BANK OF INDIA) HAVE JOINED HANDS WITH US. GRAMEEN SHAKTI HAS BEEN AWARDED 'SKOCH AWARD OF EXCELLENCE' FOR OUTSTANDING NPA MANAGEMENT IN 2019 . 27th Annual General Meeting of the Members of Grameen Shakti Microfinance Services Private Limited will be held via Video Conferencing using the Zoom App on Monday, the 29th day of June, 2020 at 2.00 p.m.

GRAMEEN SHAKTI MICROFINANCE SERVICES PVT. LTD.

Some Board members of Society for Model Gram Bikash Kendra (SMGBK) and a few individuals acquired Srija Chemo Pvt. Ltd.(SCPL) on March 22, 2016 solely for carrying on microfinance activities and having a well-devised plan to gradually separate them from SMGBK

As on June 30, 2020

Portfolio	Cum Loan Disbursed	Recovery Rate	Existing Centers
Rs. 54.23 Cr.	Rs.184.00 Cr.		1,925
Client / Beneficiaries	Branches	Villages	Districts
24,319	20	876	11

FROM THE MD'S DESK

COVID19 has crippled not only the entire world economy but also wiped out a huge chunk of human resources. It paralyzed the business activities, broke the backbone of the financial systems, made the most advance health care systems look helpless and pushed half of the population without livelihood and food.

Microfinance Sector in India had made great strides before the lock down and was registering an impressive growth. If we consider YOY (as on 31st Dec’2018 to 31st Dec’2019) growth of

Success Stories

Rupasi Modak

Rupasi Modak, Ranaghat, Nadia, West Bengal.

Rupasi's husband

Rani Devi

Rani Devi W/O: Anil Kumar Das, Nijhira Sonaili, Katihar, Bihar

Rani and her

Runa Devi

Runa Devi,W/O: Viswar Sahani, Kanthiya,Sonaili, Katihar Bihar.

Runa and her husband, a day

Rama Roy

Rama Roy, W/O: Gauranga Roy, Dhantala, Ranaghat, Nadia, West Bengal.

Rama and her

CAREER WITH US

Grameen Shakti Microfinance Services Pvt.Ltd. (GSMS) continuously aims to have the right person, with the right

Testimonials

Some Special Messages

GSMS is proud to have been blessed by some Bigwigs of MFI & Banking sectors. Find their Comments about

"On the occasion of launching Grameen Shakti, a new ( NBFC-MFI) in the Eastern Region of India, I wish a bright future for the Company and its clients.I wish that Grameen Shakti will be able to reach out to financially excluded households in the region with its finacial products and services. Grameen Shakti is founded on the success made by SMGBK, a partner of FWWB since 2007. I am confident that it will succeed in impacting the lives of low income households"

- Late Vijayalakshmi Das, CEO

"Grameen Shakti has been guided very ably by the leadership of Shri Ganesh Chandra Modak and his team. It is truly a model member of Sa-Dhan adhering to all the regulatory and Code of Conduct norms. Sa-Dhan rejoices at the continuous success of Grameen Shakti. On behalf of Sa-Dhan and my own personal behalf I congratulate Grameen Shakti for its achievements and wish the Board Members, the management team and the staff more successes in the coming period in its endeavor towards achieving universal financial inclusion"

- Mr. P. Satish, Executive Director, Sa-Dhan

“Grameen Shakti, the newest entrant in the NBFC- MFI segment, has just completed it's first financial year. In it's earlier avatar, the Gram Bikash Kendra, the team has done a commendable job for years under the dynamic leadership of Sh. Ganesh Ch. Modak. I am sure that Grameen Shakti will retain the same standards of commitments and will widen it's activities with innovative products and will continuously engage in the value creation process in a sustainable manner, particularly amongst the female borrowers in the unprivileged as well as underprivileged segments. The MFI industry plays a significant role in ensuring inclusive growth in the society and as a part of this industry, I am confident that Grameen Shakti will strive to carve out a niche of it's own by overcoming the challenges and crossing the milestones. I will be keenly watching the performance of Grameen Shakti.”

- Bhaskar Sen Director: Bandhan Bank Ltd. West Bengal Financial Corpn. Former Chairman & Managing Director of United Bank of India

The Institution is helping to the most poor rural people. Rural Development is the backbone of our economy. Our Bank will try to finance the Company so that we can help the rural people through this Company.

- Sukumar Dofadar Canara Bank

“Glad to meet the entire team of Grameen Shakti. Chalked out a road map for the Company for the years to come. Hope soon the Company will be among the top 50 NBFC-MFIs”

- Gaurav Gupta Ananya Finance