SAVE Micro Finance Raises INR 40 Crore Debt Funding rom IOB, Northern Arc Capital

SAVE Microfinance has raised INR 40 crore in debt funding, comprising INR 25 crore from Indian Overseas Bank (IOB) and INR 15 crore from Northern Arc Capital.

The firm says the funding will help strengthen the company’s lending capacity and support its mission of expanding access to responsible financial services for underserved communities, particularly women entrepreneurs and rural households.

Pintu Kumar Singh, Chief Financial Officer, SAVE Microfinance Pvt. Ltd., said in a staement “We are grateful to Indian Overseas Bank and Northern Arc Capital for their continued trust and partnership. This funding reflects the confidence of leading financial institutions in our financial discipline, portfolio quality and governance standards. It will further strengthen our ability to expand responsible lending, deepen our outreach and empower more underserved families and entrepreneurs with timely access to credit. We remain committed to sustainable growth while maintaining strong risk management and operational excellence.”

SAVE Microfinance added that it is also actively exploring additional borrowing opportunities under the Credit Guarantee Scheme for Microfinance Institutions (CGSMFI-2.0). The initiative is expected to further diversify the company’s funding sources, improve access to institutional capital and support its expanding loan portfolio.

Commenting on the milestone, Ajeet Kumar Singh, Managing Director & Co-founder, SAVE Group, said: “At SAVE, we believe financial inclusion is a powerful catalyst for social and economic transformation. This funding is a strong endorsement of our vision, governance and commitment to responsible finance. The support from Indian Overseas Bank and Northern Arc Capital will enable us to serve more underserved communities while strengthening our institutional capabilities. We also look forward to leveraging initiatives such as CGSMFI-2.0 to accelerate our growth journey and extend the reach of inclusive financial services across India.”