VEDANTA ASSETS LLP

In their own words

There is a lack of individual efforts for saving in undeveloped or underdeveloped countries as compared to developed countries. Which creates a sense of future social insecurity. Especially in the days of old-age, it compels them to be dependent on the government mercy or in their children. Due to which there are side effects ranging from rapid growth of population to unemployment. We will cooperate with the local people in their financial management under financial inclusion. Which will not only restore their savings but will also strengthen the feeling of social security. There have been many changes in the banking sector after demonetization. The current understanding of our countrymen is not able to incorporate that change into everyday life. Our company will cooperate in promoting the system of cashless transactions in the local people. Will set up outlets through retail agencies in different parts of the country. The people attached to these outlets will also enhance their livelihood and will promote cashless transactions among the common citizens. To develop the spirit of savings among the people belonging to low and middle income group. Most of the established companies motivate and benefit the people of big income only, by targeting them. Consciousness will be developed within the low income class. So that they can be invested on short term and long term savings. They will be sensitized about the benefits of these savings. Small towns and villages across the country are still not familiar with the new banking system. Know only the traditional form of banking. Many times their huge time and money is wasted in visiting the bank itself. The portal and mobile app created by our company has been designed keeping in mind the convenience of the common citizen. It does not require a lot of technical proficiency to operate nor does it require bank security or other formalities to become a retailer. This arrangement of our company will provide a source of income to the large population of the country and will bring the bank closer to their home or office for the general public.

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