RAR Fincare Limited

RAR Fincare is a Chennai-based NBFC incorporated on 9 July 2019, which began operations in FY22 after receiving its licence from the Reserve Bank of India. It is promoted by the GRT Group, a diversified conglomerate with interests spanning jewellery, hospitality, education, real estate and renewable energy. Its lending is principally term loans to smaller NBFCs and corporates for on-lending, plus business loans to MSMEs for working capital and capital expenditure, alongside select retail products including micro loan against property. Its loan portfolio stood at about Rs 187 crore as at December 2025.

That portfolio figure is the number to plan around, and it is the smallest balance sheet on the CGSS Member Institution panel. RAR Fincare is a realistic route for a modest facility, particularly for a founder already within the GRT Group's south Indian business network, and is not a route to a facility anywhere near the scheme's Rs 20 crore ceiling. Confirm appetite for your size before beginning documentation.

Its role in the Credit Guarantee Scheme for Startups. RAR Fincare Limited is one of 40 institutions registered with the National Credit Guarantee Trustee Company as a CGSS Member Institution (NCGTC MLI ID 386, classified as a RBI-registered NBFC). Member Institutions are the lenders that actually extend credit under the scheme: you borrow from RAR Fincare Limited, and NCGTC guarantees it against your default. That guarantee is what allows credit to be extended to a DPIIT-recognised startup without collateral, with cover of up to Rs 20 crore per borrower, being 85 percent of the amount in default on loans up to Rs 10 crore and 75 percent above that.

The terms are the lender's, not the scheme's. CGSS fixes the guarantee, not the loan. The interest rate, tenure, moratorium, repayment schedule and how the Annual Guarantee Fee is passed on to you are all set by RAR Fincare Limited under its own credit policy, and they differ materially between Member Institutions for an identical borrower. Registration does not oblige RAR Fincare Limited to lend: it appraises you on its normal credit standards first and applies the guarantee second. Approaching more than one Member Institution is almost always worth the effort.