Average loan term:
20 months
3178
Active loan clients
Average loan size:
INR 28,000
230
Villages covered
5.6 crore INR
O/s loan portfolio
Operational Snapshot (as on March 31, 2023)
2.21 Crore INR
Value of banking transactions processed
4914
Micro-pension clients
4047
Insurance clients
Shram Sarathi offers a diverse suite of financial services to seasonal migrant communities. These services are delivered through unique channels both in rural and urban areas with high concentration of footloose workers. Our services include:
· Affordable loans for diversifying incomes from migration, managing cash flows, improving agricultural yield and food security, creation of assets and enterprises
· Mason advisory services and home completion loans for migrant families to ensure well-being and safety of family members left behind
· Soft loans and health services (through partnerships) for better tuberculosis treatment adherence among affected migrants
. Financial fraud mediation and intervention
. Over indebtedness counseling and intervention
· Term life insurance
· Contributory old age pensions
· Gullak savings program and opening of savings bank accounts to help families left behind manage male absence and create wealth
· Facilitating digital wage payments between unorganized workers and contractors to reduce the incidence of wage disputes
· Remittances and payments
· Financial literacy programs including wage-arithmetic and simple tools for financial well-being