Arman Financial Services’ wholly owned subsidiary -- Namra Finance has successfully concluded a Refinance Assistance of Rs 35 crore from National Bank for Agriculture and Rural Development (NABARD). It has also entered into a General Refinance Agreement (GRA) with NABARD which paves the way for similar transactions in the future as well.
Namra has been able to increase the microfinance business substantially despite a major setback in the industry after demonetization.
Arman Financial Services, a leading Gujarat based nonbanking financial company (NBFC), with interests in microfinance, two wheelers and MSME loans.