Pratam Fin Serv Private Limited, a company licensed by Reserve Bank of India to work as a Non-Banking Finance Company (NBFC) offering its expert services to the large Indian, Micro Business owners and other individuals to move towards main stream finance options.
India is expected to emerge as one of the leading economies in the world over the next decade in light of a positive economic scenario. The Micro Enterprises (M.E.) segment is expected to play a significant role in the emergence of Indian economy. A robust and steady growth of this segment is extremely critical to meet national imperatives of financial inclusion and generation of significant levels of employment across urban and rural areas all over the country. Steps we take today, will define the way forward for Indian economy.
Pratam identifies a unique opportunity to impact Micro Enterprise (ME from MSME), covering large funding gaps left open for NBFC by Banks. It is this gap that is serviced by a formalized lending process to Micro Enterprises, the heart of India also referred to as “the missing middle” market, Pratam has gone to market, addressing this gap through its business model and loan offering. Lending to MSMEs is recognized as priority sector lending by the Reserve Bank of India. However, the credit gap is only getting wider, as traditional banks struggle to serve this market.
Since inception, we have impacted businesses and families, creating value for its owners and local economy.
When business expands we help in new job creation within the family and for external agents, who supply goods and services to these businesses. Our market estimate says that we have been successful in creating new job opportunity at our lending touch points.“No matter how small a business, it has its own way to make an impact!”
We believe in investing in people who in turn invest in their business to create measurable beneficial economic return and social impact. We believe, the best thing money can be used is for financial freedom. “Do not go where the path may lead, go instead where there is no path and leave a trail. --Ralph Waldo Emerson”
While many institutes create amazing value funded assets, it’s the missing middle that needs greater support to grow. Offering our product to people and business who have the power of cash but no support from main stream. We are bridging this gap, to bring our borrowers into the main stream. We work as a unique institution who create our own path. “It is time for us to stand and cheer for the doer, the achiever, the one who recognizes the challenge and does something about it. --Vince Lombardi”
We believe empowerment comes with financial freedom to make decisions which in turn creates leaders and decision makers. We create an environment that helps achieve dreams that helps focus on a life balance of work and family, as well as the community.
The Company is a vision of Mr Sandeep Pimple and Mr Devanand Bhise, who currently serves as Directors on the Board.