SAVE Microfinance secures Rs 70 crore funding in FY27

NEW DELHI: SAVE Microfinance has secured Rs 70 crore in institutional funding during the current financial year, including Rs 55 crore under the Credit Guarantee Scheme for Microfinance Institutions (CGSMFI-2.0), as the lender looks to expand responsible credit access across underserved markets.

The Rs 55 crore raised under the scheme comprises Rs 25 crore from Indian Overseas Bank (IOB), received in June 2026, and Rs 30 crore from State Bank of India (SBI), received in August.

The company has secured another Rs 15 crore through institutional funding facilities, including financing from Northern Arc Capital. The funding strengthens and diversifies SAVE Microfinance’s institutional funding base.

The latest fundraise comes as banks and financial institutions continue to back the company’s business model, portfolio quality, governance standards and approach to sustainable growth, the company said.

The funds will be used to support lending operations, meet demand for responsible credit and expand access to formal financial services across underserved, semi-urban and rural markets.

“The receipt of Rs 70 crore in funding during the current financial year, including Rs 55 crore under CGSMFI-2.0, is a significant milestone for SAVE Microfinance,” said SAVE Microfinance chief financial officer Pintu Kumar Singh.

He said the company remained focused on maintaining a balance between growth, risk management and responsible finance while strengthening its lending capacity.

“As we continue to explore additional institutional funding opportunities, our focus remains on building a diversified funding base and ensuring sustainable access to credit for underserved households and micro-entrepreneurs,” Singh added.

SAVE Solutions managing director and co-founder Ajeet Kumar Singh said the funding reflects continued support from financial institutions for the company’s approach to responsible finance and institutional governance.

“At SAVE, we view financial inclusion as an important enabler of sustainable social and economic progress,” he said.

Singh added that the funding would help the company serve underserved communities and support livelihoods through timely access to credit.

The Rs 55 crore raised under CGSMFI-2.0 is particularly significant as SAVE Microfinance looks to deepen institutional partnerships and diversify its funding sources, the company said.

The lender continues to engage with banks, financial institutions and development-focused lenders to build a diversified funding base.

It is also focused on technology-enabled operations, prudent risk management and sustainable portfolio growth, with an emphasis on serving low-income households, women borrowers and micro-entrepreneurs across its operating markets.

With additional institutional funding opportunities in the pipeline, SAVE Microfinance said it will continue using partnerships and schemes such as CGSMFI-2.0 to strengthen its financial capacity and widen access to formal credit across India.