Welcome To UPMA

As per UPMA Bye-laws all MFIs more particularly those registered as NBFC_MFI with RBI are eligible to be member of the Society. More »

UPMA On Childern

Contribute in building the future of a child by donating to UPMA More »

UPMA For Women

Giving tiny loans to people who do not have access to formal banking services. More »

UPMA For Empowering Childern

We empower the children and try to bring them in the main stream growth cycle of the cuntry More »

UPMA For Villages

We are making continuous effort to empower the life of those who are living in the villages, More »


Welcome To UPMA

The concept of Microfinance in India was introduced in the late 1980s. It has evolved by drawing upon the existing institutional architecture of social and cooperative Banking as also on newer model and approaches. As a result, the concept of microfinance is more complex to comprehend in the Indian context and the sphere of public policy around it cluttered and inconclusive.

Notwithstanding these challenges, the sector was shaken by the crisis that took place in Andhra Pradesh sometime in 2009. While the MFI channel was recovering from the aftermath of the of the Andhra crisis, with debt and equity starting to tickle in more efforts were required to restore its bruised and battered image. Given the stringent regulatory guidelines by the Reserve Bank of India, MFIs have no option but to comply, even if grudgingly.  In view of the controversies raised post-Andhra Crisis and in the absence of the Microfinance Act, there has been lot of uncertainty among lots of Banks whether to lend or not to MFIs.

In the above backdrop with a view to revitalizing the industry, SIDBI in the State of Uttar Pradesh took an initiative on 03rd December 2010 by bringing all the sector players on one platform so as to understand their concern. A consensus was formed to build its own regulatory body i.e an Industry association so as to exhibit transparency in complying with the stringent guidelines of Reserve Bank Of India. This firmness was of great importance to convince the Bankers to open the channel of financing.

It is noteworthy that Commercial Banks have the compulsion to fulfill their priority sector lending obligation. Except as a consequence of the Andhra crisis the recoveries from loans to MFIs have been 100 percent, making them most secure risk-adjusted priority sector lending avenue. The need is felt for an independent body to supplement this avenue.

The suo motto effort of SIDBI got overwhelmed support from MFIs working in the State and accordingly on 13th June 2011 at Allahabad the organization structure for the proposed Association was finalized.  Finally on 10th June 2013 in the aftermath of the challenges ahead, and with the common cause as enumerated above, Uttar Pradesh Microfinance Association (UPMA) was formed on 17th December,2013 with its Head Quarter at Lucknow. It is registered as Society under Act No 21 of 1860 with seven members as its founder members. Presently UPMA has ten members on its board.

The main objective of UPMA is to maintain coordination, among Govt; RBI and the industry players, besides working as a bridge between them.  Though there are already two such bodies working in this field at the national level. However, the concept of State association is completely different from national organizations. The care is taken that there is no conflict of interest among National level bodies and State level Associations. The object of state-level Association is to function as an umbrella, towards safeguarding the interest of the MFIs besides, cautioning them against any unforeseen disaster at the State level. National level organizations have policy intervention goals at the National level.