With a vision to make clients financially included and economically protected, Svatantra Microfin, a microfinance institution headquartered in Mumbai offers micro-credits vis-à-vis other impactful financial services such as cashless mediclaim, accident and home structure insurance to its rural clients.
Amidst the current health concerns as a result of the Covid-19 pandemic, Svatantra Microfin’s Cashless Mediclaim has provided great hope to the company’s more than a million rural women customers and their families. In the present scenario, income of many of the rural and semi-urban customers has been affected. The company reached out to its customers reiterating and advising them to stay safe and stress-free since their Cashless Mediclaim will help them overcome any health-related expenses.
During the nationwide COVID-19 lockdown, with the help of Svatantra’s Cashless Mediclaim and telecall based assistance from the medical concierge team, 53 families pan India have availed hospitalisation services without paying money.
The team arranged a consultation with doctors and booked hospital bed ensuring clients’ necessities are fulfilled without any inconvenience.
To date, the company has successfully implemented the low-cost Cashless Mediclaim across its operational states and has benefited more than five lakh rural families, even to those residing in the far-off areas of the countryside and settled claims more than Rs 18 crore.
Since its inception in March 13, 2012, Svatantra Microfin has emerged as the most differentiated process and technology-driven microfinance entity, which offers micro-credit at the lowest rates. Svatantra with a team of 3900+ employees serves over a million rural women customers across 14 states with a GLP of Rs 2,602 crore. The organisation provides a holistic and affordable financial and non-financial solutions suiting the requirement of the rural women, who are entrepreneurs themselves. With an aim of financial inclusion, Svatantra is the leading MFI with 100 percent cashless disbursements and facilitates activation of bank accounts for its rural women clients.