Bandhan (meaning togetherness) was born in 2001 under the leadership of Mr. Chandra Shekhar Ghosh, a Senior Ashoka Fellow. The main thrust of Bandhan is to work with women who are socially disadvantaged and economically exploited. Bandhan works for their social upliftment and economic emancipation. To achieve the above objective, Bandhan is basically engaged in the delivery of microfinance services to the poor women.
Bandhan has been engaged in the delivery of microfinance service for the last 13 years. The model followed is individual lending through group formation. All microfinance activities are carried under Bandhan Financial Services Limited (BFSL), incorporated under the Companies Act, 1956 and also registered as a Non Banking Financial Company (NBFC) with the Reserve Bank of India (RBI).
The microfinance operations started from Bagnan, a small village which is 60 kms away from the city of Kolkata. In 13 years, Bandhan has travelled a wide geography of 22 States and Union Territories with special focus on eastern and underdeveloped states of North East.
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