16th March 2021, India : With an aim to empower the women of India and become self-reliant in a true sense, Muthoot FinCorp launched Aatmanirbhar Mahila Gold Loan – a unique and exclusive gold loan scheme for women. This is an extension of Muthoot FinCorp’s #RestartIndia Mission. The AtmaNirbhar Mahila Gold Loan scheme was launched by India’s leading and versatile actor – Vidya Balan at a virtual event held on Monday, 15th March 2021. AMGL offers maximum Loan to Gold value and the lowest interest rate. This Scheme is aimed at and is expected to be helpful to a large number of women who are currently dependent on local money lenders for their financial needs.
Vidya Balan expressed her support for this cause and said, “Empowering women has become the fundamental aim for all of us in not only helping them achieve their dreams but also transform and boost their entrepreneurial spirit. Women not only take on the responsibility of the house but also play a larger role in the economy and society. I am grateful to be supporting Muthoot FinCorp who has been a trailblazer in accelerating the financial inclusion of women that will positively impact the future. I am extremely happy to be a part of an initiative like #RetartIndia and proud to have launched such a product that will not only foster their growth but also their potential to be superstars in their own right.”
The event also highlighted the heartwarming transformational small stories “Kahani Blue Soch Wali”, a series of short films based on the real stories of Muthoot FinCorp customers. Vidya Balan launched the first film of this series and hoped that it will inspire more women to come forward and become self-reliant.
Muthoot FinCorp is one of the largest employers of women with more than 9000 women employees spread across 3600+ branches all over the country. Women Muthootians, hence, felt the need to come out with a special scheme for the women of the country to make them self-reliant, as they understood the problems of women better. The company has been able to positively transform more than 66 lakh women customers and every customer had a transformation story to share.
Tina Muthoot, VP, Muthoot FinCorp & Impact Director of #RestartIndia was the main fulcrum in designing this product. Emphasizing the need for such a product, she said, “If women of India rise, India rises. The women of the country have always been seen as the backbone of our emerging nation. It is, therefore, of utmost importance to provide women the necessary support to positively influence society at large and achieve greater heights with their skillsets and entrepreneurship. #RestartIndia is an initiative that is not only a driving force to small business owners but also aims to especially support women entrepreneurs as well to combat the pandemic losses and revamp their business into a known name on the local charts.”
It is firmly believed that India’s GDP can remarkably increase if women join the workforce in one form or the other and empower the Atmanirbhar movement throughout the nation, headed by our Hon’ble Prime Minister, Mr. Narendra Modi. In providing women entrepreneurs the support and means, Muthoot FinCorp’s easy and hassle-free toolkit will not only help them run their businesses but also boost women empowerment on a local and national level.
Additionally, to instill savings as a habit in its employees Muthoot FinCorp is investing the first installment for 30,000 employees to generate savings in gold through its e-Swarna product, where anybody can save in gold, anytime.
#RestartIndia is a community guided by stalwarts and mentors but fueled by the people. Customer can ask their questions, share concerns, talk about challenges, and MuthootFinCorp will join their journey and start guiding these small business owners one step at a time. They will keep engaging in dialogue through their questions and help restart the small local businesses, shops, education, farms, careers, finances, and much more. This movement is focused to help and benefit the local shops and businesses from going digital in a post-pandemic world and gear up for a digital-only future. Daily use of simple digital tools like Facebook and WhatsApp can be leveraged to making these businesses, a professional, interactive, and updated service that focuses on consumer demand and provides easy solutions to all local stakeholders.
About Muthoot Pappachan Group:
Muthoot Pappachan Group (MPG) also known as Muthoot Blue, the much-diversified business conglomerate has been providing solutions, services, and expertise to millions of customers across the country in various domains like multiple NBFCs with multiple products within Retail Financial Services, wide-spectrum Sports initiatives, powerful CSR initiatives, Automotive, Realty, Hospitality, IT and Alternate energy. Over the years, Muthoot Pappachan Group has grown to become a significant entity in the Indian business landscape. Muthoot Pappachan Group is one of the largest employers in the country, across industries, providing employment to close to 27,000 people and endeavoring to give them a family-like work environment. The Group’s customer-centric approach and innovation in terms of new products that cater to changing customer needs have helped in gaining the loyalty of innumerable customers, as well as attracting new ones. The Group adopts the latest technology and new ways of catering to the needs of customers, coupled with an uncompromising stand on values, principles, and ethics.
About Muthoot FinCorp Ltd.:
Muthoot FinCorp Ltd, the flagship Company of Muthoot Pappachan Group, Muthoot Blue, is one of the largest NBFCs in India with around 3600 branches pan India. Muthoot FinCorp is a provider of retail finance, predominantly in the form of secured and unsecured loans to middle and low-income customers. Decades of customer-centricity, dedicated research, and experience with the customers and their families have enabled the Company to provide quick and customized financing options & investment schemes for millions of customers. Currently, it has an Active Customer Base of around two million happy customers. Muthoot FinCorp Ltd is one of the largest Gold Loan companies in India. At the same time, the Muthoot FinCorp branches offer and/or service products of Muthoot Blue Group company, for the fulfillment of all lifecycle & life-stage needs of the common man and so, act as a one-stop-shop for the financial needs of the common man. The diverse mix of retail offerings includes, apart from Gold Loan, Small Business Loan products, Affordable Housing Loan, Two-wheeler Loan, Used car loan, Domestic &International Money Transfer, Chits, Foreign exchange, Insurance products & services, Wealth Management services, Affordable Gold Jewellery and so on. Close to 1,50,000 people walk into these branches, day after day, for the fulfillment of their financial needs & desires in terms of Loans, Savings, Protection requirements, and other Financial transactional/day-to-day needs.