Muthoot Microfin Wins Two Gold Awards at SKOCH Awards 2025
| Category | Details |
|---|---|
| Why in News? | Muthoot Microfin won two Gold Awards at the SKOCH Awards 2025 for excellence in digital financial inclusion and insurance solutions. |
| Awards Won | 1. Corporate Excellence - "Best Customer Application on Digital Financial Inclusion" for the Mahila Mitra initiative. 2. BFSI Award - "Best Insurance Scheme" for the Griha Raksha Insurance Scheme. |
| Significance of Mahila Mitra | - 1.73 million downloads, 4.2-star rating. - Enhances financial inclusion by enabling secure digital transactions for women in rural India. |
| Significance of Griha Raksha Insurance Scheme | - Provides insurance coverage to 2.66 million beneficiaries. - Ensures financial security and social empowerment for rural women and their families. |
| CEO's Statement | Sadaf Sayeed, CEO of Muthoot Microfin, stated that these awards recognize the company's efforts in bridging the financial inclusion gap for women. |
| Impact on Women Entrepreneurs | - Enabled 34.2 lakh women-led households. - Positively impacted 1.4 crore Indians. - Supports women with microloans for small businesses. |
| Significance of SKOCH Awards | Recognizes excellence in governance, finance, and inclusive development. |
| About Muthoot Microfin | - Part of Muthoot Pappachan Group (Muthoot Blue). - 3.42 million active customers. - 1,651 branches across 20 states and 379 districts. - Gross Loan Portfolio (GLP): ₹12,404.9 Cr (as of Dec 31, 2024). - Listed on S&P BSE Financial Services Index. |