Ajay Varma Today Express News | New Delhi, February 9th, 2022: Making strides in the financial sector, one of India’s largest Business Correspondent Networks, Save Solutions plans to disburse loans worth Rs. 1200 crore in 2022. In order to achieve this the company has established ongoing relationships with various PSU Banks, and private banks to strengthen the debt profile.
Based in Bihar, Save Solutions is committed to delivering best-in-class financial services through a dedicated network of kiosk banking and customer service points (CSPs) across rural and semi-urban areas. The company has recently partnered with SBI under a co-lending agreement to facilitate loans to their clients.
Speaking on the same, Ajeet Kumar Singh, Founder Director, MD & CEO, Save Solutions, said, “At SAVE Micro Finance, we’ve been providing financing solutions to rural and semi-urban people. As a part of the CGS Scheme, our interest rate is 2% lower than traditional modes of financing. This year, we plan to sanction loans worth Rs. 1200 crore. Moreover, we are confident that our co-lending partnership with SBI will further help us scale our lending operations. In line with our long-term vision, we’re also eyeing an expansion in Gujarat, Western UP, parts of Madhya Pradesh and Jammu and Kashmir.”
As a new generation tech-savvy microfinance institution, Save Solutions intends to expand its operations to over 2500 pin codes across India in 2022.
About Save Solutions Pvt. Ltd.:
SAVE Society and SSPL are pioneers at offering financial products via kiosk banking across India, Save Solutions Pvt. Ltd. is one of the country’s largest Business Correspondent Networks. The Bihar-based company is focusing on giving access to Financial Products via kiosk banking and customer service points (CSPs) to the rural and semi-urban unbanked areas. Owing to its dedication to innovative financial solutions, Save Solutions is the Business Correspondent Company of choice for big names in the banking sector like the State Bank of India, Bank of India, Bank of Baroda, Jharkhand Rajya Gramin Bank, Baroda UP Bank, Punjab National Bank among others.
Expanding rapidly, the SSPL group has roots across PAN India in 31 states and 559 districts, with over 12,000 kiosks and Customer Service Points (CSPs). The company employs over 25,000 people across its CSPs and Kiosks. The group’s employees are provided training in Banking Product, SSS (Social Security
