Shree Kshetra Dharmasthala Rural Development Project

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Shree Kshetra Dharmasthala Rural Development Project (SKDRDP) is a charitable trust established in 1982, aimed at undertaking rural development activities in various parts of Karnataka.

MICROFINANCEShree Kshetra Dharmasthala Rural Development Project


The organization is promoted by Dr. D Veerendra Heggade (trustee of Shri Kshetra Dharmasthala – a renowned temple in the region). The trust had 122 branches with a portfolio size of Rs.2,567 crore as on September 30, 2013.

Performance on key parameters

  • The portfolio outstanding and borrower base has grown at a CAGR of 50 and 24 percent respectively during the 3 years ended March 31, 2013
  • Asset quality is healthy, as evidenced by on-time repayment of more than 98 percent of the receivables over the past three years
  • Was one of few MFIs that we’re able to raise funds regularly even during the Andhra Pradesh crisis. However, similar to other MFIs, its reliance on wholesale funding from banks is high
  • Capitalization has improved over the past 2 years driven by an increase in the corpus; however, leverage remains high. Although there has been an infusion of about Rs.53 crore during 2012-13, the corpus remains small at Rs.90 crore as on March 31, 2013, in relation to its overall loan portfolio
  • Profitability is above-average, with return on managed assets of 2.5 percent for 2012-13, up from 1.3 percent for 2011-12. This is despite an increase in operating expense ratio to 4.5 percent in 2012-13 from 3.9 percent in 2011-12



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