Village Financial Services Ltd, now VFS Capital, was the first microfinance company in eastern India to have been granted the status of a Non-Banking Financial Company by the Reserve Bank of India. VFS is also the first ISO-certified microfinance company in India.

VFS Capital started microfinance operations in the financial year 2005-2006 as VFS. The microfinance programme has grown phenomenally. It has touched the lives of thousands of poor families by providing them credit for income-generating activities and helping them become economically self-sufficient, besides sensitizing women to empowerment issues and bringing about a qualitative change in their lives and livelihoods so they can live with self-respect and dignity.