Proprietor network
Reach last-mile retail borrowers — through community retailers, not sales teams.
Under any of your four partner tracks, you can deploy a network of proprietor sub-agents — neighbourhood retail outlets, local market aggregators, transport-hub operators — who source micro-loans to micro-enterprise owners, gig-income workers and small traders. Every rupee flows through Satsai's dynamic QR. Proprietors never touch cash. The DLD-2025 fund-flow rule is unbroken.
Four layers, one regulatory anchor
Satsai is the only RBI-regulated entity in the chain. Every other layer contracts back to Satsai directly — no nested sub-LSP accountability gap.
Satsai Finlease Pvt Ltd
RBI Reg. B-14.01646. Licence, balance sheet, credit sanction, CIC reporting, grievance final escalation.
You — under any T1 / T2 / T3 / T4 track
Tech platform, onboarding + monitoring of proprietor network, monthly commission payouts, reconciliation, first-line grievance — all under Satsai's MSA.
Proprietor A — retail outlet / market aggregator / transport-hub operator
LSP sub-category DSA + Recovery Agent. Sources borrowers, displays rotating Satsai QR at counter, first-line grievance intake. Never touches funds. Tripartite contract with Satsai + Primary LSP.
Borrower A — micro-enterprise owner / gig-income worker / informal-sector self-employed
Scans counter QR → UPI → lands in Satsai master CASA auto-tagged to proprietor. Repayment in daily / weekly micro-EMI cadence.
Why this is not a prohibited "sub-LSP chain"
RBI's concern with nested LSP structures is the accountability gap — the RE doesn't know who's actually fronting the customer. We neutralise that with a tripartite Proprietor Services Agreement: Satsai + Primary LSP + Proprietor, all named parties. Proprietor is listed on Satsai's public List of LSPs within 2 working days of go-live, per DLD 2025. Every proprietor is knowable, contracted and audit-able by Satsai directly — even when the Primary LSP runs day-to-day operations.
The borrower scans the proprietor's QR. Money lands in Satsai. Every time.
Satsai master CASA (@ ICICI / HDFC / Axis)
▲
│ every inbound tagged with
│ proprietorId + loanId
│
┌──────────────┴──────────────┐
│ VA + Dynamic QR infra │
│ Razorpay / Cashfree / │
│ Decentro / M2P │
└──────────────┬──────────────┘
│
Per-proprietor: │
• VA IFSC + │
10-digit number │
• UPI QR with │
rotating signed │
token │
│
Borrower scans proprietor's counter QR
│
└─► UPI → Satsai CASA
ref: PROP-0007-LOAN-ABC
Disbursal: Satsai → borrower's bank / VPA
Commission: Satsai → proprietor's bank, monthly
(TDS 194H @ 5%)
Cash: Not supported in v1Funds never touch the proprietor
UPI lands directly in Satsai's CASA. Proprietor app shows receipt of the credit; no pass-through account exists. DLD 2025 fund-flow rule fully respected.
Auto-attribution in Satsai's ledger
Each VA + QR encodes proprietorId + loanId in the UPI reference, auto-credited to the right sub-ledger in real time.
Multi-vendor VA fallback
Primary VA provider + standby second vendor (different bank rails). If one goes down, QR auto-switches.
Rotating QR token (anti-diversion)
Each proprietor's QR is a signed token rotated daily. Off-platform QR attempts are detected by book-outstanding vs collection lag anomaly checks.
From first handshake to first EMI in one counter
Tech-led, vernacular, scalable. Target: 30-minute onboarding; first loan sourced the same day.
Onboarding (30 minutes)
Individual KYC (PAN + Aadhaar OTP + selfie), shop verification by gig field agent, 2 references, bank account, tripartite eSign. Proprietor is on Satsai's List of LSPs within 2 working days.
Training + Fair Practices Code
Online module in preferred language: FPC, collections conduct, DPDP basics, fraud red-flags, grievance handling. Completion certificate stored.
Virtual Account + Dynamic QR provisioned
Each proprietor gets a Satsai-backed VA (Razorpay / Cashfree / Decentro / M2P) + rotating UPI QR token. Counter poster auto-generated with grievance numbers in vernacular.
First loan sourcing
Proprietor triggers application; borrower's own phone completes KYC (Aadhaar OTP + geo-selfie + bureau + bank penny-drop). Underwriting runs on Satsai credit policy. eSigned vernacular KFS issued.
Repayment at the counter
Borrower scans the shop QR. UPI credit lands in Satsai master CASA, auto-tagged to proprietor + loan. Proprietor sees live collection in app. Commission accrues.
Monthly commission payout
Satsai pays proprietor directly to personal bank with TDS 194H @ 5% deducted. Form 26Q filed quarterly. Commission invoice trail preserved for audit.
A different product for a different customer
Existing STPL does not fit last-mile retail borrowers. We engineer a distinct micro-loan construct under Satsai's credit policy.
| Attribute | STPL (existing Quikkred) | Proprietor-sourced micro |
|---|---|---|
| Typical ticket | Mid-range personal | Micro |
| Tenure | 7 / 15 / 30 / 60 / 90 days | 14 / 30 / 45 / 60 days |
| Repayment cadence | Bullet / monthly | Daily / weekly / bi-weekly (cashflow-matched) |
| KFS language | English + 12 Indian | Vernacular-first, 13 Indian |
| KYC | Aadhaar OTP + bureau-led | Aadhaar OTP + geo-selfie + penny-drop; thin bureau tolerated |
| Disbursal channel | Borrower's bank account | Borrower's bank / UPI VPA |
| Repayment channel | UPI / NACH | UPI at proprietor's QR (primary) |
| Segment | Salaried + self-employed urban | Micro-enterprise owner, informal-sector self-employed, small trader |
| PSL eligibility | Case-by-case | Weaker Sections / Micro — typically eligible |
The micro-loan product is PSL-eligible under RBI's Priority Sector Master Direction — which opens a Priority Sector Lending Certificate (PSLC) sale to banks, providing an additional revenue stream on top of the interest spread.
Commission, TDS, GST — who pays what, who owes what
Sourcing commission
One-time, at disbursal. Paid monthly by Satsai to proprietor's personal bank. TDS u/s 194H @ 5% deducted if annual commission > ₹15,000.
Collection commission
Recurring, linked to each successful EMI credit. Accrues daily in the proprietor ledger; settles monthly.
Performance bonus + claw-back
Bonus for high on-time-rate. Claw-back of sourcing commission on early default — protects against mis-sourcing.
GST at proprietor level
Unregistered proprietors (turnover < ₹20 L) charge no GST. Registered proprietors charge 18%; Satsai absorbs as cost (no ITC, consistent with §5a). Budgeted into commission commercials.
Satsai's revenue remains 100% interest (exempt from GST output). Proprietor commission is a cost line, not a revenue line. Our engineered zero-GST-output posture on revenue is preserved. ITC leakage on the commission input is priced into the interest spread.
Proprietor-layer risks + controls
The 8 risks most likely to break a proprietor network — and the specific technical + contractual controls that catch them.
Local coercion of borrower
FPC e-training + audio-recorded consent at origination + random mystery-borrower audits + vernacular grievance poster at counter.
Ghost-loan fraud
Borrower video KYC + Aadhaar OTP + geo-tagged selfie + bank penny-drop to borrower's own account (never the proprietor's). Per-proprietor disbursal cap ramps with tenure.
Off-platform QR diversion
Satsai issues daily-rotated signed-token QR. Proprietor app renders only the authorised QR. Book-outstanding vs collection lag anomaly detection.
Over-concentration on one proprietor
Per-proprietor portfolio caps. Book auto-distributes across 2+ proprietors in same cluster post-threshold. Fluxusforge tele-collections absorbs if a proprietor exits.
Paying on behalf of defaulting borrower
UPI-sender VPA mismatch vs loan holder detected; flagged for review. DPD logic unchanged; credit signal preserved.
Raw PII at the counter
Origination runs on borrower's own device. Proprietor dashboard shows masked identifiers only. DPDP data minimisation enforced in API layer.
AML / PMLA conduit
Full KYC as LSP + CKYC pull + STR pattern monitoring + periodic AML re-screen. Proprietor listed on Satsai's public List of LSPs — transparency is a control.
Device compromise / proprietor incapacitation
Device binding + remote wipe + session kill-switch. Nominee clause in tripartite for incapacitation; book fails over to nearest proprietor + Fluxusforge.
The regulatory corpus for this layer
Ready to reach the last-mile borrower?
Two ways in: apply as a Distributor if you can recruit and manage a cluster of proprietor shops, or as a Primary LSP if you want to operate the network platform itself under any of the four partner tracks.
Proprietor onboarding is governed by the Tripartite Proprietor Services Agreement (Satsai + Primary LSP + Proprietor). Proprietors are listed on Satsai's public List of LSPs within 2 working days of go-live, as required by RBI (Digital Lending) Directions, 2025. Satsai remains the lender of record on every KFS and loan agreement. Grievances: Grievance Redressal Policy · Nodal Officer. Final escalation: RBI Integrated Ombudsman (cms.rbi.org.in).
Quikkred Connect
Onboard customers, collect KYC and push loan applications straight into the Quikkred pipeline from your shop. The Android app is not open for download yet — you get the install link after your proprietor onboarding is approved.
Start onboardingYour shop, our counter.
Sign up your establishment and originate loans for the customers already walking through your door.
[email protected]Mon–Sat: 9 AM – 6 PM