NAVI FINSERV PRIVATE LIMITED

In their own words

Chaitanya aims to achieve financial inclusion in rural India with systematic and focused approach to meet the borrowing needs of the weaker communities by targeting under-banked or un-banked rural families. Currently Banks, NBFCs and MFIs are offering small ticket micro loans to this segment. While such existing players are not offering loans to next long-term investment needs like housing, dairy farming, agriculture assets etc. It is this opportunity, which the company plans to tap. Chaitanya aims to be Pan India Rural Financial Services Company and provide full spectrum of financial services by developing innovative financial products which will supplement rural economy. Currently, Chaitanya has various products at different stages of development. Hypothecated loans (loan against asset, Asset purchases, Mobile) are at scaling up stage, housing loan product is on its early traction mode, micro and small business loans are at an Ideation stage and is to be launched shortly. Chaitanya sources its employees in and around its area of operations, generating employment in rural areas. Chaitanya is committed in converting its transactions from cash to digital mode and is currently achieved 100% disbursal on digital mode and 50% of repayment using NACH. Chaitanya has conducted Financial Literacy and Awareness Program imparting knowledge about basic banking and available government schemes in the banks like PMAY, PMJDY, PMJJBY etc. Chaitanya is conducting awareness programs about Skill Development Trainings in RUDSETI, RSETI and VSETI in the villages. These programs are helping us to create awareness among the rural community.

Written by the company on its public Startup India profile. Not verified by us.