Sustainable Agro-commercial Finance Limited is an atypical non-deposit taking NBFC promoted by Jain Irrigation Systems Ltd (JISL), Jalgaon with IFC -Washington as an anchor investor to be commonly recognized by its acronym; SAFL (pronounced SAFAL). SAFL is the first NBFC in India providing Agri- loans with a wide and diverse range of financing options for almost every need of agricultural activity. The main products financed by the Company include Micro Irrigation Systems (MIS) like drip irrigation and sprinkler irrigation, Agri Projects, Contract Farming, Lift irrigation schemes, Small Business Loans, Solar Pumps & Appliances, Third Party Tie-ups etc. SAFL only finances products which result in increased farm productivity and improvement in the lifestyle of farmers. Personal and Consumption loans are not on offer. SAFL has obtained RBI approval to function as a NBFC. SAFL currently has business presence in Maharashtra, Karnataka and Telangana. By the end of this financial year, SAFL will have 4 offices in Madhya Pradesh and at the end of 5 year period will have presence pan India with around 250 offices. SAFL is focusing its activities on Farm and Farmer only and operates in the rural & semi urban geographies of India. SAFL’s launch is a new milestone in the thinly populated space of private sector financing of agriculture. SAFL will leverage JISL’s customer knowledge and expertise and will aim at the following key objectives:
a) Farmer empowerment - through adequate and timely disbursement of finance.
b) Increased Agricultural production-by assisting economic growth through increased efficiency and productivity.
c) Rural Prosperity-focus on improving rural lifestyle and enabling small farmers to achieve their aspirations.
In its two and half years of business operations, SAFL has extended loan over Rs. 270 crores to more than 17000 farmers.