Friday, April 8, 2016

FINO PayTech-Reliance tie-up to provide credit for Rural poor in MP

FINO Paytech has tied up with Reliance Commercial Finance to provide credit to rural areas of Maharastra and Madhya Pradesh.
  • Loan is given through Joint Liability Group model
  • It will provide credit for women for a tenure of 24 months for revenue generating activities
  • A pilot project has been initiated in Vidharba of Maharashtra, Bhopal,Hardha, Khandwa,Vidhisha, Khargone in MP.
Points to note
  • Vipr Bhardwaj-Executive Vice president and head of FINO Paytech
  • Srinivasan –CEO of Reliance Commercial Finance
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