Brief History & Summary

  • Strong operational base formed to support poor and downtrodden in society currently operating in 21 slums across Bengaluru covering 2,675 members and their families.
  • In 10+ years since inception, rolling over a corpus of Rs 1.13 Cr over 14 times, Lifeline Foundation has disbursed 24,263 loans totalling to more than Rs 15.3 Cr (USD 2.38 Mn).
  • In addition, charitable work of Rs 4.2 cr (USD 0.6 Mn) cumulatively has been carried out towards education scholarships, medical aid, health camps, ration & debt clearance.
  • In FY 20-21, microfinance activity was only done in Q4 due to Covid. 984 loans worth Rs. 78 lakhs (USD 0.1 Mn) were disbursed. Around Rs 1.84 cr (USD 0.25 Mn) of funds were disbursed in charity in this year.
  • Lifeline has received huge support to the tune of Rs 7.4 cr (USD 1.1 Mn) in donations over 10+ years; It has received the section 12AA and 80G exemptions from the Income Tax dept.
  • The software implementation across branches, which ceased due to operations shutdown for 9 months, has commenced. Over the next year, the entire operations of lifeline will be technology driven.