About Us

With a mindset of collaboration and collective effort, Sarala started its endeavor in microfinance way back in 2006. The organisation felt that it should add value to the sector by way of improvising on the ways to provide easily accessible and need-based financial solutions to the people having limited access to formal financial services. Mr. Pranab Rakshit, having intrinsic passion towards social entrepreneurship, formed Sarala Women Welfare Society a Section 25 (Now Section 8), he was very well guided and supported by Dr. Arabinda Sinha, an NRI pursuing medicine in the USA. The noble thoughts of providing services to the improvised section of the society had its initial roots in the remote village of Uluberia, in the Haora district of West Bengal. With the microfinance sector transforming into a more regulated structure, Sarala with a firm objective to scale up the operations and meet the demands from diverse stakeholders, converted itself to an NBFC-MFI in 2014. By then it had already made its presence felt in 15 districts of West Bengal.

The team with a strategic agenda to extend their collaborative approach and expand its value-based services, ventured into the states of Bihar in 2015, and in the next five years the organisation let its services reach to more than a million families in the 5 states of West Bengal, Bihar, Assam, Sikkim and Jharkhand.

During the last one and half decade, the organisation has stretched its product basket to include micro-insurance, renewable energy and social business product in addition to its flagship micro-credit loans.

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