Guwahati, Apr 16 (PTI) NBFC entity DJT Microfinance on Thursday announced that it will foray into Northeastern market with a major expansion plan in Assam.
As part of the initial phase, the company will focus on Lower Assam’s agro-climatic zone, covering many districts including Darrang, Tamulpur, Kokrajhar, Bongaigaon, Chirang, Udalguri and Bajali, DJT Microfinance said in a statement.
“Over the next three years, DJT Microfinance aims to build a scalable and stable portfolio in the Northeast, beginning with Assam. The strategy will focus on disciplined customer acquisition, prudent underwriting and strong asset quality management. The company has announced plans to empower 20,000 new members by 2027, focusing on scaling financial inclusion in the region,” it added.
This reiterates DJT Microfinance’s commitment to deliver microfinance services to low-income households with a focus on empowering women to become self-employed in underserved and rural areas of the country through convenient and secure loans.
“This marks a significant step in strengthening the company’s presence across eastern and northeastern India and builds on the company’s existing operations in Uttar Pradesh, Uttarakhand, Bihar and West Bengal with the aim to extend responsible financial services to underserved communities,” the release said.
The expansion into Assam will be primarily driven through the Joint Liability Group (JLG) lending model, which enables access to credit for low-income households and micro-entrepreneurs who often remain outside the formal financial system, it added.
Commenting on the development, DJT Microfinance Chief Operating Officer Avinash Kumar said: “Assam offers a unique combination of accessibility, economic potential and strong portfolio stability. We intend to adopt a calibrated expansion approach, focusing on disciplined growth, strong governance standards, and customer-centric products tailored to local requirements.” DJT Microfinance is currently undertaking detailed market assessments and area surveys to design financial products aligned with local economic activities and borrower needs.
Alongside its existing offerings, the company plans to introduce need-based products tailored to regional demand patterns, it added.
“Our lending framework will remain aligned with the NBFC-MFI regulatory guidelines, targeting households with annual incomes of up to Rs 3 lakh. We also ensure that the fixed obligation to income ratio does not exceed 50 per cent of the household’s monthly income,” Kumar said.
Currently, DJT Microfinance operates 75 branches across five states, serving approximately 75,000 customers. PTI TR TR RG
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