SVM Finance is a Company registered with the Reserve Bank of India (RBI) as a Non-Banking Finance Company, specifically as NBFC commencing its operations on December 11, 2019. Established on March 3, 1975, NIL is dedicated to empowering financially underserved households and informal micro-enterprises by providing them with financial products and services to attain self-sufficiency.
SVM is furthering the developmental agenda of operating with the objective of uplifting the new-to-credit(NTC) customers, enabling them to overcome financial challenges and improve their quality of credit score. By facilitating access to credit and other financial tools, we aim to foster entrepreneurship, encourage livelihood development, and promote sustainable economic growth among underserved communities. The organization is driven by a strong social mission, embodying the belief that access to financial resources and services can be a catalyst for positive change. With its blend of compassionate financial services, dedication to social impact, and a well-established presence in rural areas, NIL is committed to playing a pivotal role in fostering financial services and empowering new-to-credit(NTC) customers.
A fully automated end to end technology stack has been adopted in order to streamline the customer journey, enhance operational effectiveness and improve the customer & employee experience. The entire operations are digitised with completely paperless processing of the loan applications. An inhouse app has been developed which has enabled automated decisioning of bureau results. The trifecta of Aadhar-Bank Account-UPI has been seamlessly integrated into the operational delivery process. The technology stack deployed consists of a mix of external vendors and in-house development.
Amar Jha is currently associated with Nandanvan Investments Limited appointed as Director and He is registered with the Ministry of Corporate Affairs (MCA), bearing DIN 08438926. The authorised share capital is ₹40,000,000 & paid-up capital of Nandanvan Investments Limited (NIL) is ₹18,841,500.