Utkarsh Microfinance is a Non-Banking Financial Institution-MFI and is registered with the Reserve Bank of India. The corporate and registered office of the company is in Varanasi, Uttar Pradesh. The company started with the aim to provide the skilled unbanked population with financial and non-financial services who are in need of capital. It essentially started operations under Joint Liability structure and insurance and by providing credit, but later on, it also started providing Micro Pension and Micro Enterprise Loan. The company later started providing market linkages and vocational training, health initiatives, green energy (solar) initiatives and financial awareness training by collaborating with a section 25 company, Utkarsh Welfare Association. The main goal of the company is to transform the lives of the underprivileged by providing them a range of products and services.
The vision of Utkarsh Microfinance is to have a customer base of more than 10 million by 2021 and to be their trusted financial provider. The company works with a mission to provide accessible and affordable banking services, that are technology-enabled, process-centric and people-oriented resulting in scalable, reliable and sustainable institution bringing about socio economic changes.