Chaitanya Rural Intermediation Development Services Private Limited (CRIDS) is incorporated on February 14, 2012 as a Private Limited Company.CRIDS is a NBFC company registered with the RBI and is set up to house all the non-microfinance asset business that are originated in current operating geographies of Chaitanya and is structured to be an operating holding company.
The company is incorporated to serve low income households through provision of services such as intermediation for financial services, like a business correspondent, insurance agent and money transfer agent. Chaitanya Rural is focused on meeting the needs of the weaker communities in rural areas and specifically targets under-banked poor families and meets their borrowing requirements.
Chaitanya Rural Intermediation Development Services Private Limited (CRIDS) is the 100% holding company of Chaitanya India Fin Credit Pvt Ltd (CIFCPL), a Bangalore based NBFC-MFI.
CRIDS will focus principally on the secured loans to the Lower Income Rural population.