About us

ABOUT SMCS:
• Licensed and incorporated as a NOT FOR PROFIT Section 25 Company under Companies Act 1956

• Authorized share capital – Rs.50 Lakhs

• Capital, Reserves & Surplus (30.9.13) – Rs.435 Lakhs

• Tier II Capital (30.9.13) – Rs.410 Lakhs (Includes SIDBI-IMEF Rs.300 Lakhs)

• Committed to follow the norms prescribed by the RBI

• Not open to accepting public deposits

• Applies its profit in promoting its objective

Uniqueness of our services :-

• Need based, adequate, flexible.
• Our products not offered to clients of other MFIs /Bank.
• As a member of credit bureau Equifax Credit Information (P) Ltd ensure observance of RBI stipulation of clients.
• Credit plus activities like training to the clients, developing system procedure and other handholding support .

Major challenges & issues
• In-adequate Equity
• Capacity Building Support for :
Client/ Cadre and for staff development
• Unhealthy Competition among service providers.

• Linking micro entrepreneurs with mainstream agencies.

• Lack of support for suitable micro enterprise development.