Satin Creditcare Network Limited contributes through various community welfare initiatives in Punjab

Satin Creditcare Network Limited contributes through various community welfare initiatives in Punjab


India, December 17, 2020: 2020: Satin Creditcare Network Limited (SCNL) (NSE: SATIN, BSE: 539404), one of the leading microfinance institutions in the country, has made remarkable benefactions, showcasing the company’s strong support to its clients during these unprecedented times through its various community welfare initiatives.


The ongoing pandemic and subsequent lockdown have spurred the usage of various digital services. The vast unbanked population in India’s hinterland is unaware of the various financial services available to them and on how to avail of the same. SCNL was successful in organizing centre leader workshops which educated on the various aspects of financial literacy and digital finance. In close collaboration with MFIN, SCNL arranged three financial literacy workshops in Moga, Sangrur and Barnala situated in the land of the five rivers, Punjab to upskill clients. The workshop conducted with the support of the NMI Technical Assistance team witnessed 180 attendees. The small gathering was in line with the social distancing measures prescribed by the Government of India. Financial literacy officers and luminary officers from esteemed banking institutions too joined to educate on the various aspects of credit discipline, various precautions to be taken during Covid-19.


With these financial inclusion initiatives, SCNL also undertook various relief initiatives by distributing ration kits comprising of rice, lentils, sugar to over 300 general public and clients. Stationary kits along with masks and sanitizers were distributed to around 2000 clients. Apart from distribution, the relief teams were assisted by educators from the ASHA (Accredited Social Health Activist) foundation who briefed the participation on women hygiene as well as well as maintaining the surrounding hygiene. They were also apprised on precautions pertaining to dengue, tuberculosis, and other forms of illness.


Mr. HP Singh, Chairman & Managing Director of Satin Creditcare Network Limited, said “At SCNL, we strongly believe in the ethos of community enrichment which is the key to success for every organization today and is a measure of how effectively an organization’s mission statement translates into actual practice. While the business of SCNL is finance, the company’s vision and values interpret into the manner in which we conduct our operations and whom we offer our services to.”

SCNL is dedicated to reaching out and touching the lives of financially excluded sections of society and helping widen the range of opportunities for them. Efficiently deployed, SCNL’s social welfare programs afford a better understanding of customer needs and equips the company with the ability to deliver more insightfully designed products and services that can truly help transform a community.


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