Financial inclusion with dignity ā without any profit motive.
Devashray Microcredit Foundation is a not-for-profit organization established with the objective of promoting financial inclusion, self-reliance, and socio-economic development among socially and economically marginalized communities in India.
Registered Address
Prem Kumar Gupta, Tiriveni Sao, Araji No 99/3, Talab Varana, Varanasi, UP - 221007
Near Tapovan Ashram.
Legal Information
- Legal Status: Section 8 (formerly Section 25) Not-for-Profit Company
- Date of Incorporation: 22 October 2013
- Area of Operation: India
About Us
Website Company Profile Content
About Us
Devashray Microcredit Foundation is a not-for-profit organization established with the objective of promoting financial inclusion, self-reliance, and socio-economic development among socially and economically marginalized communities in India. The Foundation works primarily with rural and semi-urban populations, with a special focus on women and families living below the poverty line (BPL). Our approach is rooted in ethical microfinance practices that aim to empower individuals through access to responsible credit and essential financial servicesāwithout any profit motive.
Who We Are
Devashray Microcredit Foundation is registered as a Section 25 company (now Section 8 under Companies Act, 2013) and operates strictly on a non-commercial and non-profit basis. All income and resources of the organization are applied solely towards achieving its social objectives. We believe that access to fair and transparent financial services is a key driver of sustainable development and long-term community upliftment.
Our Vision & Mission
Clear, transparent, and community-first
Our Vision
To create a financially inclusive society where economically disadvantaged individuals, especially women, are empowered to achieve self-reliance, dignity, and sustainable livelihoods.
Our Mission
- To promote microcredit and essential financial services for underserved communities
- To support socio-economic development through responsible lending
- To encourage savings and financial discipline
- To empower rural and semi-urban women and their families
- To operate with complete transparency and without any profit motive
Our Commitment
- Ethical microfinance practices
- Financial inclusion with dignity
- Transparent and accountable operations
- Sustainable community development
What We Do
Key activities
Activities
- Microcredit support for livelihood generation
- Financial assistance to low-income households
- Promotion of savings and thrift habits
- Community-based financial inclusion programs
- Collaboration with institutions and development agencies for social impact
All activities are carried out in compliance with applicable laws and after obtaining required approvals from competent authorities.
Our Approach
- Community-centric and ethical operations
- Transparent documentation and processes
- Focus on long-term borrower sustainability
- Responsible credit delivery and monitoring
- No commercial exploitation or profit distribution
Governance & Compliance
Strong internal controls and statutory compliance
Governance
- Proper books of accounts are maintained
- Annual audits conducted by qualified auditors
- Full compliance with the Companies Act and applicable regulations
- No dividends or profits distributed to members
Funding & Support
- Grants and donations
- Government and institutional assistance
- Support from national and international donor agencies
- Bank and development finance institutions
All funds are utilized strictly for achieving the Foundationās objectives.
Leadership
Chairman / President ā¢ Managing Director ā¢ Secretary ā¢ Treasurer
Contact Us
Drop us a line
Company Details
Email: devashraymicrocreditfoundation@gmail.com
Mobile: 8934079920
Office: +91 61844 61620
Registered Address:
Prem Kumar Gupta, Tiriveni Sao, Araji No 99/3, Talab Varana, Varanasi, UP - 221007
Near Tapovan Ashram.