New Delhi [India], September 29 (ANI/SRV): Bharat Inclusion Initiative (BII), an effort toward bringing the benefits of technological progress to underserved populations, announced the launch of its book called 'Financial Inclusion of Bharat'- Insights into People, Markets and Startups. The book highlights the latest data on the impact of financial inclusion, especially for women. A 1 per cent increase in the number of BC agents corresponds to a 185 per cent increase in the number of women opening bank accounts.

New Delhi [India], August 28 (ANI): Prime Minister Narendra Modi government's flagship financial inclusion program Pradhan Mantri Jan Dhan Yojana has completed its eighth year and a lot of intended goals were achieved in this period.

New Delhi [India], July 26 (ANI): Union Minister of State for Home Nityanand Rai on Tuesday informed the Lok Sabha that the number of Naxal-affected districts has gone down from 70 in 2014 to 46 in 2021.

Bhubaneswar (Odisha) [India], June 10 (ANI): Highlighting the achievements of Odisha in the last two decades, Chief Minister Naveen Patnaik on Thursday said that the state is no more called a "poor and backward" rather it has emerged into a "Model of governance and public service".

Mumbai (Maharashtra) [India], March 24 (ANI/NewsVoir): PayPoint India, a last-mile distribution of financial services, has appointed Rajeev Lal, currently President of the company, as their new director on board. Prior to PayPoint, he was with the State Bank of India (SBI) for over three decades and acquired experience in various fields of the banking industry.

NEW DELHI Jan 31 2022 PRNewswire -- Celebrating 75 years of Independence of India named the celebration as Azadi Ka Amrit Mahotsav and on the occasion of Indias 73rd Republic Day celebrations Capital Trust Limited announces its pledge to accelerate digital lending by scaling up financial inclusion of the most underserved and unserved population of India Today India has massive growth potential in the digital lending landscape which is a key goal of the Government of India The expanding smart phone penetration in India and the India Stack are acting as powerful catalysts towards bridging the gap between the borrowers and lenders Using these tools with an innovative Rural Doorstep-Fintech business model Capital Trust is accelerating its reach through its perfect blend of the digital and physical mode Capital Trust Limited Capital Trust is a digitally enabled non-banking finance company NBFC specialising in providing digital loans in Tier III to V regions through its 315 branches spread across 94 districts in 10 states The ticket size of these loans ranges from INR 5000 to INR 60000 Capital Trust has many firsts to its credit when it comes to digital lending at the base of the pyramid For instance the Company pioneered digital lending via 100 digital disbursements way back in 2015 followed by the launch of Capital Sales smartphone application in 2016 the introduction of geo-tagged digital receipts rather than physical passbook in 2017 the launch of client-facing Capital Connect smartphone application in 2018 and the ushering in of 100 cashless collection as first mode of payment in 2019 Today more than 55 of the borrowers pay digitally on or before due dates through National Automated Clearing House Through its journey of more than 36 years the Company has disbursed loans of more than INR 3000 crores to over 9 Lakh borrowers These loans have not only helped transform the lives of lakhs of people but have also made them active contributors in the growth of the economy Commenting upon this Mr Yogen Khosla Chairman and Managing Director Capital Trust Limited saidThe Government of Indias target of reaching 5 Trillion economy is only possible through the financial inclusion of people at the bottom of the pyramid via digital lending We have seen Industry talking about digital lending only after COVID 19 but we had started our digital journey way back in 2015 I feel proud in stating that our processes were so robust that we never needed a refresh button while navigating through the pandemic I would also like to add that Indias Rural sector is tough enough to bounce back faster and stronger from any given situation and that gives us added conviction to keep serving the sector Even though Digital Lending in India has registered a growth of 12x from 2017 to 2020 the ratio of Digital Lending to Physical Lending is still at a nascent stage The strong growth in Digital Lending indicates the huge untapped potential in India in which we can play a meaningful role in bridging efficiently through the use of technology We have seen two COVID 19 waves back to back which had battered the Indian economy to a great extent but at Capital Trust we are standing strong with the Capital Digital Initiatives loans sources post FY20 collection efficiency at 97 and average collection efficiency of 92 during Q3FY22 The quick bounce back in our collections has been possible due to our strong digital focus and niche technologies On the back of our digitally enabled processes we are capable of disbursing loan within 12 business hours to potential borrowers Moreover our Database and relationship with more than 9 Lakh customers provides us with immense opportunity to tap the market opportunity added Mr Vahin Khosla Executive Director Capital Trust Limited About Capital Trust Limited Capital Trust Limited BSE 511505 NSE CAPTRUST an RBI registered non-banking finance company NBFC offers income generating micro loans to MSMEs Merging best practices of fintech and traditional financing the company focuses on financial inclusion of the underserved in deep interiors of rural India using digital processes and state of the art technology Capital Trust caters to over 109000 customers across 94 districts through 315 branches in 10 states in North and East India The company prides itself to be Indias first Rural Doorstep-Fintech company For more information visit wwwcapitaltrustin PWR PWR