Fusion Micro Finance wins Microfinance Group of the 12 months Award

New Delhi, January 2023: Fusion Micro Finance [BSE (BOM: 543652) and NSE (NSE: FUSION)], India’s second largest NBFC-MFI, has been felicitated with the distinguished “Microfinance Group of the 12 months Award” by Inclusive Finance India Awards 2022, a joint initiative of ACCESS Growth Providers and NITI Aayog. The award was handed over by Dr. V. Anantha Nageswaran, Chief Financial Advisor, Authorities of India to Mr. Devesh Sachdev, Founder, and CEO, of Fusion Micro Finance and Chairperson, MFIN. The corporate obtained this prime honor for its distinctive efficiency within the discipline of offering microcredit to over 3.2 million economically and socially disadvantaged girls in rural and semi-urban areas, thus furthering the nationwide agenda of Monetary Inclusion and Atmanirbhar Bharat. Based in 2010, Fusion Micro Finance is the youngest amongst the highest 3 pure-play Microfinance firms in India with Asset below Administration (AUM) to the tune of INR 80,471.78 million as of thirtieth September 2022. At this time, the corporate operates by way of a powerful, diversified community of greater than 1031 branches unfold throughout 19 states, together with 2 Union Territories. Fusion MF obtained listed on NSE and BSE in November 2022.

Commenting on this recognition Mr. Devesh Sachdev, Founder, and CEO, of Fusion Micro Finance and Chairperson, MFIN stated, “We’re grateful and humbled at being acknowledged for our efforts and contribution in direction of bringing girls into the mainstream monetary system, which is crucial for the conclusion of India’s Monetary Inclusion technique. The microfinance sector is working tirelessly to make the unbanked and underserved inhabitants of India, financially self-reliant, and we purpose to make a optimistic distinction in as many lives as potential for a brighter future.”

Radhika Agashe, Government Director, of ACCESS Growth Providers stated “Inclusive Finance India Awards always aligns itself to deliver completely different fashions and establishments contributing to the objective of economic inclusion below one umbrella. Heartfelt congratulations to Fusion Micro Finance as we current them with the extremely coveted Microfinance Group of the 12 months award within the giant class. The popularity was conferred upon Fusion Micro Finance for environment friendly operational efficiency, selling good governance, buyer safety rules, and client-centric practices whereas delivering on the promise of driving monetary inclusion throughout the nation. We want them properly and sincerely hope that they proceed to work tirelessly to serve India’s unbanked inhabitants and assist us transfer nearer to turning into a developed nation.”

The Inclusive Finance India Awards is an initiative of ACCESS Growth Providers institutionalized in 2009, in partnership with HSBC India. It’s a part of the ACCESS Inclusive Finance India Summit, with NITI Aayog because the Co-Host. The Inclusive Finance India Awards works in direction of honoring organizations, establishments, practitioners, and policymakers contributing to the objective of economic inclusion, serving to enhance the supply of economic companies to the underprivileged, and marginalized communities.