RGVN (North East) Microfinance Limited, Guwahati has been granted in-principle approval to set up a Small Finance Bank in India. They have to submit the Application for final approval within 18 months.
Sphere of Influence: -
Operations: Network of 116 branches in 5 Northeastern States viz. Assam, Arunachal Pradesh, Meghalaya, Nagaland and Sikkim.
a) Self Help Groups
b) Joint Liability Groups
c) Entrepreneurship Development Loan – Individual
d) Micro Enterprise Loan – Individual
Mr.Brij Mohan-Chairman in alumni of IDBI
Ms.Rupali Kalita, Managing Director is LDR Regional Rural Bank
One of the unique features of RGVN is ‘No penalty on delayed payment and prepayment’.