Adi Chitragupta Finance Limited (ACFL) is a NBFC-MFI (Non-Banking Financial Company – Micro Finance Institution), based in the state of Bihar, with its headquarter at Patna, the state capital. ACFL has received its Certificate of Registration (COR) to work as NBFC-MFI from Reserve Bank of India on 24th April 2017. ACFL is the first NBFC-MFI from Bihar to get a COR from RBI, Patna.
ACFL is formed with a focus on providing microfinance services to urban and rural poor, as well as micro and small businesspersons, in the under-served geographies of Northern & Eastern India, starting with Bihar.
The Mission defines an institution’s reason for existence. It clearly and succinctly identifies what the organisation does, why it does it, and for whom. For ACFL, the mission was formulated as below:
ACFL is formed with a focus on providing microfinance services to urban and rural poor, as well as micro and small businesspersons, in the under-served geographies of Northern & Eastern India, starting with Bihar. The geographic regions to be served by ACFL are amongst the poorest in India and also are grossly underserved by formal financial institutions.
In the field of traditional microfinance, ACFL will work on lines of the Grameen model which ensures that financing
ACFL Provides financial assistance to underprivileged self-employed women from down trodden section of
Assessment of need of underprivileged service rapid, convenient access respect, connection
ACFL has started its operations from state of Bihar. ACFL has been in Rural Bihar, Jharkhand, and Uttar Pradesh