About SSMFS

Suyaseva Micro Financial Services (SSMFS) is a Non-Profit Company registered under Section 25 of the Companies Act, 1956, dedicated to financial inclusion and empowerment of rural women through Self Help Groups.

Organization Details

Legal Name

Suyaseva Micro Financial Services

Legal Status

Non-Profit Company registered under Section 25 of the Companies Act, 1956 (Section 8 equivalent)

Date of Incorporation

18 May 2005

CIN

U65999TN2005NPL056334

Managing Director

Mr. S. Samynathan

Head Office

4/100-A, Perambalur Main Road, Veppanthattai – 621116,
Perambalur District, Tamil Nadu

Overview

SSMFS operates as a dedicated institution for the promotion and support of Women Self Help Groups (WSHGs) in rural Tamil Nadu. The organization was established to provide institutional support to the grassroots Self Help Group movement that began in 1995 through the efforts of Subiksha Rural Development Society and the leadership of Mr. S. Samynathan.

Institutional Structure

SSMFS is owned by five Mutual Benefit Trusts registered under the Indian Trust Act, all promoted by Subiksha Rural Development Society. These Trusts function as shareholders of SSMFS and serve as branch-level operating institutions that deliver credit and financial services to Women Self Help Groups in their respective operational areas.

Approach and Methodology

The organization follows a community-based approach to financial inclusion, focusing on thrift and savings mobilization, mutual credit provision, SHG federation building, and livelihood finance. SSMFS maintains strong partnerships with formal banking institutions to ensure sustained credit linkage for member SHGs.