10AM -6PM (Monday -Friday)
& 10AM to 2:00 PM(Saturday)
Sunday Closed
CD - 193, First Floor ,
Sector -1 , Saltlake City
Kolkata - 700064
+ 033-23370123
Toll free number:



Microfinance Operations

  • Janakalyan commenced operations in March, 2017 as an NBFC-MFI.
  • The company has adopted Joint Liability Group (JLG) model , primarily with women as Members / Borrowers. The company is committed to ensure diligent process adherence in order to maintain its portfolio quality.
  • As part of its growth strategy, The Company shall also explore inorganic business expansion through acquisition/merger of microfinance portfolio of smaller entities on merit, subject to rigorous due diligence .
  • Our Branch structure comprises 3 to 4 Field Officers (FO) and a Branch Head (BH) in charge of business and administration of the Branch. On an average, 5 Branch Heads report to a Cluster Head(CH).

About Us

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I am happy that “Janakalyan “ has commenced operations as an NBFC-MFI by opening our first branch at Lauhati in Rajarhat, North 24 Parganas on 22nd March 2017.

Microfinance is now a well established financial intermediary to reach out to unserved and underserved population of the country. Reserve Bank of India has recognized the significance of this sector by creating a separate class of NBFC i.e. NBFC-MFI to serve this space. This sector is now well regulated in terms of pricing, Credit Bureau Initiative, setting up Self-Regulatory Organization (SRO), Client Protection Code etc. Microfinance has proved to be a bright example to demonstrate the power of ordinary people at the bottom of the pyramid to climb their way out of the poverty cycle through collective efforts.

We at Janakalyan are committed to focus on customer centricity through simplified processes and a motivated team in a cost-efficient and client friendly way. We intend to operate in the under penetrated parts of Eastern India comprising the States of West Bengal, Bihar, Jharkhand, Odisha and North Eastern States like Tripura ,Assam etc. Our goal is to build a professionally managed financial institution, with the objective of achieving a healthy amalgamation of social and financial security through economic empowerment and fostering entrepreneurship at the grassroot level .

I am grateful to all stakeholders and specially the staff members led by our energetic MD for their exemplary commitment to build a robust and vibrant organisation that all of us can be proud of.


At the outset, let me compliment all Janakalyan team members and other stakeholders for helping us to start the Company being, the latest entrant to NBFC-MFI fraternity , specially in Eastern India.

We are committed to deliver loan products to our customers in a hassle free way on a cost efficient platform, leveraging the latest technology. While commercial considerations are necessary to support substantial growth the sector has witnessed so far, a fine balance between social and commercial aspects is also equally important. 'Responsible Credit' is the order of the day. In this respect, we are thankful to MFIN for effectively playing its role as a Self-Regulatory Organisation (SRO).

The demonetization of high-value currency notes came as a temporary setback for micro finance institutions (MFIs) towards the close of 2016 considering that microfinance industry used to be extremely cash-intensive. Most of the borrowers preferred to take loans in cash and also repay through cash. We have already initiated sustained efforts to wean our borrowers towards a less cash environment . We are already disbursing 100% of micro loans to our customers through bank accounts at our branches in North and South Dinajpur districts of West Bengal and have plans to extend the same practice to the other districts in the near future. We are already disbursing 100% of micro loans to our customers through bank accounts at our branches in North and South Dinajpur districts of West Bengal and have plans to extend the same practice to the other districts in the near future.

We shall maintain focus on low income households with a strong emphasis on income generating activities , transforming these small entities into viable business units and helping them out of poverty. We shall constantly endeavour to establish the Company as a transparent, efficient and development / oriented institution.

My heartfelt thanks go to every single staff of the organization, who have contributed to the growth of Janakalyan . They remain our pillars of strength and no amount of words would be adequate to thank them for their phenomenal efforts towards enabling Janakalyan to move towards the desired goals .

My sincere gratitude to our Chairman , without whose guidance and strategic inputs, we could not have reached our current position . We hope to move towards manifold milestones in the times to come.

I sincerely look forward to the support and encouragement of all our stakeholders in making a difference in the lives of the underserved and contribute towards fulfilling the national objective of financial inclusion for the entire population.


“Janakalyan” launches its NBFC-microfinance in the East

Kolkata , April 29 2017 : Janakalyan , an NBFC-MFI, registered with Reserve Bank of India, was formally inaugurated by the doyen of micro lending in the East, Mr Chandra Sekhar Ghosh, Managing Director and CEO of Bandhan Bank .

Mr. S.K Mitra, Chairman of the Company said “ We are happy to commence operations as a financial intermediary for the unserved and underserved communities of the country. We will endeavor to provides a differential experience for all our stakeholders and mainly the rural women folk who shall be the beneficiaries”.

Mr. Alok Biswas, Managing Director & CEO of the company said “ We shall extensively use digitization in extending responsible credit. Most of our branches will operate in rural areas and in Tier II & Tier III centres. We will partner with the best technology service provider, who have extensive local knowledge to provide seamless service”.

About Janakalyan

Founded in March 2017 , Janakalyan is an NBFC-MFI, registered with Reserve Bank of India as a financial services company that helps income generating activities, small business, small trading, self-employed individuals, rural artisans etc. to pursue their livelihoods.

The goal is to build a professionally managed financial institution focused on Microfinance business segment, with the objective of achieving a healthy amalgamation of social and financial sustainability through economic empowerment as well as employment generation and to foster entrepreneurship amongst the people at the grass root level.

Headquartered in Kolkata, we have plans to expand in under penetrated parts of Eastern India, comprising the States of West Bengal , Bihar, Jharkhand , Odisha and North Eastern States like Tripura and Assam.


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Our Services


Loan products for MFI/BC segment are as under:

  • Individual Loans are provided through Group model.
  • Loans are done primarily through on lending model and also BC of Banks/ NBFCs
  • First cycle loan ceiling is normally fixed at Rs.15,000
  • The Second cycle loan ceiling is fixed at Rs.20,000 or Rs.30,000
  • The Third cycle loan ceiling is fixed at Rs.30,000 or Rs.40,000 or Rs.50,000
  • The tenure of the loan products is as per RBI guideline such as products are fixed at Rs.30,000 for 12 months and over Rs.30,000 for 24 months .

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