Swayamshree Micro Credit Services

SMCS is a public limited not for profit Company (Limited by Shares) incorporated under Section 25 of the Companies Act, 1956, (Section 8 under Companies Act 2013) vide License No. RD/T/12651 dated of 01.05.2003. SMCS has been considered as one among the top 50 micro finance institutions in the country by the leading international rating agency CRISIL in their October 2009 report. It is one of the top 5 MFIs operating in the State and its market share is substantial.

SMCS has taken initiative to impart skill base income generation training programme through mainstream Training Institutions like RUDSET, Food and Extension Unit , Govt. of India , Udyog Vikas, VOTI etc. SMCS facilitates poor women members' awareness on health, sanitation, education and their rights etc. It has started exclusive activities for clean and green energy with The Energy and Resources Institute (TERI) for making available energy efficient and environment friendly biomass cook stoves and solar lights.

SMCS has partnered with Financial Inclusion Improves Sanitation and Health (FINISH) an Indo-Dutch consortium of NGOs, academic institutions, financial institutions, insurance companies and banks in the matter of providing sanitary latrines in rural areas. Under the partnership 5000 sanitary latrines were installed in Delang and Kanas areas of Puri district. Besides, it is the Business Correspondent (BC) of State Bank of India (SBI), Business Correspondent (Asset Products) of State Bank of India for loan to SHGs, Business Correspondent of IDBI Bank Ltd for loan to SHGs etc. State Bank of India (SBI) has appointed SMCS as their corporate agent for Point of Sales (POS) terminals under which all Bank Debit Card holders can withdraw cash up to a maximum of Rs.1000/- per day from the POS@SBI outlet points. SMCS has since made available 34 such outlets in branches and CSP points. This will help people in unbanked and rural areas without ATM facility to draw cash from accounts more conveniently. SMCS has been selected by NABARD as an Self Help Promoting Institution (SHPI) for promotion of SHGs in rural pockets of the State.

SMCS has been appointed by State Mission Management Unit, National Urban Livelihoods Mission (NULM) as Resource Organization to carry out SHG formation, nurturing, capacity building of SHG members and facilitating provision of Revolving Fund (RF) from NULM in major cities i.e. Bhubaneswar (Bhubaneswar Municipal Corporation), Cuttack (Cuttack Municipal Corporation) and Puri (Municipality).

SMCS has also done different activities in social sectors like organising blood donation camps, preparing Trainer Guidebooks, Training Manual, providing clean drinking water for the public, scholarship to children and has also worked on women empowerment issues.

Plot No.549/2126, Patia, Bhubaneswar - 751031, Odisha, India