L&T Finance started its latest initiative, Microfinance, in 2008. The main aim is to address the poverty issue by making the poor get more out of their life by helping them to get a sustainable livelihood. L&T Finance is committed to ‘Developing India – from the Grass roots’ and bring about financial inclusion of the underserved.

To propagate true financial inclusion, all L&T Finance borrowers and their spouses are covered with life insurance to mitigate any problems in the family due to unexpected death of the breadwinner. L&T Finance also plans to offer other products and services aimed towards inclusive growth of the underserved. We have also built a strong relationship in our area of operation by creating employment opportunities for the rural unemployed and by taking up specific theme oriented community development programs.

So why partner with us?

Micro Finance funding made a small beginning in L&T Finance in July 2008 extending loan to a group of 15 people in a small village in Sangareddy dist in Andhra Pradesh. Since then it has grown to 7,00,000 live borrowers and a book size of over Rs 500crores.

The vision & mission for this initiative is as follows.

Vision: To eradicate poverty from India and from the world at large.

Mission: To become a largest Micro Finance company in the world by the year 2015. We expect to reach 50,00,000 live accounts by this time.