Annapurna Microfinance Pvt. Ltd a.k.a. AMPL is a microfinance initiative by people’s Forum aged over two decades as a development organization. It is although a Non Banking Financial Company, which is regulated by Reserve Bank of India it does suffice well as a financial institution. Promoted by Mr. Gobinda Chandra Pattanaik (Member Secretary cum CEO of People’s Forum) it was earlier known as Gwalior Finance & Leasing Pvt. Ltd. It was involved in financing & leasing products. Annapurna Microfinance Pvt. Ltd intends to grow micro finance operation in specifically those areas which are do not yet have the access of a formal financial system of the economy and help people with livelihood support especially for the poor through financial and technical support strengthening entrepreneurial skills for effective and efficient undertaking of business activities in rural areas. Annapurna Microfinance Pvt. Ltd. (AMPL) is offers both financial and non-financial services to the poor, unbanked and marginalized people in rural, semi-urban and urban areas to meet the evolving needs of the community people. They also aid those who are involved in agricultural and small business activities. It also has a new customized insurance products for its clients They are well-known for their micro-credit products in particular..
The following are the offerings from this financial institution:
This loan has a rate of interest of 24%, and can be taken by women only for paddy cultivation. The loan amount may be a maximum of Rs. 15,000 payable within 24 monthly installments. The interest rate reduces with every payment made and also the model for this loan is SHG based.
This loan has a rate of interest of 24%, and can be taken by women only for vegetable cultivation. The loan amount may be upto a maximum of Rs. 15,000 payable within 24 monthly installments. The interest rate reduces with every payment made and also the model for this loan is SHG based.
This loan has a reducing rate of interest of 24%, and can be taken by women only for fishing. The loan amount may be upto a maximum of Rs. 15,000 payable within 24 monthly installments. The model for this loan is SHG based.
This loan has a rate of interest of 24%, and can be taken by women only for dairy. The loan amount may be Rs. 15,000 and upto a maximum of Rs. 24,000 payable within 24 monthly installments. The interest rate reduces with every payment made and also the model for this loan is SHG based.
This loan has a rate of interest of 24%, and can be taken by women only for making snacks. The loan amount may be a maximum of Rs. 10,000 payable within 12 monthly installments. The interest rate reduces with every payment made and also the model for this loan is SHG based.
This loan has a rate of interest of 24%, and can be taken by women only for bamboo and canecraft. The loan amount may be Rs. 15,000 and upto a maximum of Rs. 24,000 payable within 24 monthly installments. The interest rate reduces with every payment made and also the model for this loan is SHG based.
This loan has a rate of interest of 24%, and can be taken by women only for running a grocery shop. The loan amount may be a maximum of Rs. 10,000 payable within 12 monthly installments. The interest rate reduces with every payment made and also the model for this loan is SHG based.
This loan has a rate of interest of 18%, and can be taken by family members and of leprosy affected patients for income generating activities. The loan amount may be a maximum of Rs. 1 to 2 lakhs for SHG and Rs. 25,000 to Rs. 1 lakh for individuals payable within 36 monthly installments. The interest rate reduces with every payment made.
This loan has a rate of interest of 18%, and can be taken for widows, unmarried women or single mothers for income generating activities. The loan amount may range between Rs. 25,000 to Rs. 50,000 for individuals payable within 36 monthly installments. The interest rate reduces with every payment made.
This loan has a rate of interest of 18%, and can be taken for physically challenged for income generating activities. The loan amount may range between Rs. 25,000 to Rs. 50,000 for individuals payable within 36 monthly installments. The interest rate reduces with every payment made.
This loan has a rate of interest of 18%, and can be taken for people who belong to the third gender or the eunuch community for income generating activities. The loan amount may range between Rs.15,000 to Rs. 30,000 for individuals payable within 36 monthly installments. The interest rate reduces with every payment made.
This loan has a rate of interest of 18%, and can be taken for people who belong to the third gender or the Women belonging to low income families for income generating activities. The loan amount may range between Rs.1.5 lakhs to Rs.3 lakhs for individuals payable within 36 monthly installments. The interest rate reduces with every payment made. The model for lending is based on SHG group or SHG federations.
This loan helps individuals in rural areas for taking loans to enhance water and sanitation through purchasing water connections, hand bore well, new toilet or renovation of a toilet. The interest rate on this loan is 22% and the minimum loan amount is Rs. 5,000 to Rs. Rs. 15,000. The repayment can be done through monthly installments within a span of 12 to 18 months.
This loan can be taken by people in the rural areas to meet course fee expenses for current and future post-secondary students attending university, diploma, pre-university college, technical or vocational school.
Students who are doing job-oriented courses shall find this loan useful.
You can call the number 18008437200 where you will get in touch with a customer care executive. The person will help you with your query and give you an appropriate solution.
You can apply for a personal loan by visiting the Annapurna Microfinance Private Limited official website, where under the ‘Contact’ section you will find the ‘Apply for Loan’ option. On clicking the link, you will be directed to a new page where you will have to provide details such as your name, mobile number, email ID, city and state in which you reside, loan amount, the purpose of your loan, and how did you come to know about Annapurna Microfinance Private Limited. Once you have provided all the information, click on ‘Apply Now’. You will then have to provide the necessary documents which will be reviewed by the company. If they are found to be correct including the details mentioned on the application form, the loan amount will be disbursed to your bank account.
You can visit the Annapurna Microfinance Private Limited official website, where under the ‘Contact’ section you will find the ‘PAY EMI’ option. Click on it and you will be directed to a new page. You will have to provide either your loan account number or mobile number. If you are providing your loan account number you can either provide the full account number or mention only the last six digits of your loan account number. Once you proceed you will have to fulfil a few security checks after which you can complete the payment of your EMI using either of UPI, debit card, net banking, or wallet facility offered by your bank.
You can send an email to info@ampl.net.in in case of any query. You can use the ‘Drop Us an E-mail' facility which is available under the ‘Contact Us’ section on the official website of Annapurna Microfinance Private Limited. You will have to provide your name, email ID, and write the message in the message box. Once done click on ‘Submit’. A representative from the company will get in touch with you by sending a response to your query to the email ID provided by you. You can also send your query via post to the company’s corporate office address which is given below:
As per RBI guidelines in light of Covid-19, customers of Annapurna Microfinance Private Limited can avail can avail the moratorium facility for a period of six months (1 March 2020 – 31 August 2020) where they can defer the payment of EMIs during the period without attracting any penalty. If you have availed a loan then you can visit the official website of Annapurna Microfinance Private Limited and click on the ‘COVID 19 UPDATE’ tab on the top-right of the website’s main page following which you will be directed to a new page. You will then have to provide important details such as your name, phone number, PAN Number, and the name of the branch in which you have the loan account. Check the box whether you want to avail the moratorium or not. If you wish to avail the option, check the ‘Yes’ button and click on ‘Send’.
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