Associates’ Profile
MFIN launched its Associate Programme in January 2014 with the objective of being more inclusive and taking into consideration the many entities, apart from (NBFC-MFIs, Banks, Small Finance Banks and NBFCs), who offer financial or supporting services to the Microfinance sector. As they have a profound impact on the financial inclusion ecosystem, MFIN introduced this new category called ‘Associates’ to include lending institutions like Banking Correspondents. Associates also include a diverse set of organizations like Rating Agencies, Credit Bureaus, Housing Finance Companies, Insurance Companies, Fintech, Payment Banks, Private Equity Social Investors, Bilateral and Multi-Lateral Agencies, Think Tanks & Foundations, among others.
MFIN believes that all such entities along with its primary members can work together by participating across forums, particularly at the state and district levels, thus achieving the larger goal of financial inclusion.
MFIN has 25 Associates as of January 2025.
Banks
Banking Correspondents
NBFC - Wholesalers
Fintech
Credit Bureau
Foundation
Insurance
Membership Advantages
The Associates Programme was institutionalised on the premise that MFIN and the Associates share a symbiotic relationship wherein they come together to work on certain policies and products that are beneficial to the sector. Some of the benefits of the programme are.