SAHULAT MICROFINANCE SOCIETY (Regd. under the Societies Registration Act, 1860) is facilitating the establishment of interest free microfinance cooperative branches all over the country to uplift the poor families. SAHULAT Microfinance Society has been established in 2010 as a voluntary non-political, non-profit making social service organization.
It aims to provide interest free micro finance options for reducing socio-economic disparities and to achieve justice and equity for educationally and financially backward sections of the public at large. Its main function is to facilitating, organizing and developing institutions, more particularly in co-operative sector.
SAHULAT aims at:
- Facilitating, promoting and developing interest-free micro-finance institutions (IFMFI).
- Undertaking and promoting need based research and developing different products and financial instruments for IFMFI.
- Establishing training institutes and data banks for IFMFI and evolving internal check system and audit facilities and coordination with affiliated institutions.
- Advocating with policy makers for a justifiable national policy on interest-free micro-finance in India.