Creating Livelihood and Financial Inclusion

Livestock Development Programme

IIFL Foundation has supported farmers from low-income groups to venture and progress in the vertical of Dairy production. This Livestock Development project is operational in 3 states across India – Rajasthan, Karnataka and Tamil Nadu, with a total of 7 centers. This initiative provides services and inputs at the doorstep of the cattle owners to encourage and maintain livestock rearing as a secondary source of income, promote production of dairy services.

5,150 +

Livestock Treated Under the Programme

Discounted Home Loan for Armed Forces

Recently, IIFL Home Loans drafted a special policy to cover all the segments of the defense personnel. In order to envelop them, incentives with regard to low rates, less documentation, eased processes have been defined.

Empowering Locals: SHAKTHI Loan

In order to support inclusive growth, IIFL Home Finance introduced Shakthi, a small ticket size Secured Business Loan. According to a number of sources, the size of India’s micro unorganised sector is over 70 million units, with a credit gap of 73%. (NITI Aayog). This said segment many a times faces a perennial challenge of access to the easy and faster credit facilities from the formal Banking and Financial sector. IIFL Home Finance introduced Shakthi with the purpose of bridging the credit gap and the philosophy of offering simple credit to last-mile micro unorganised enterprises.Shakthi has been specifically designed to cater the varied financial needs of the micro unorganised businesses at a faster rate with the least amount of documentation and procedures.

Shakthi caters and fulfil the credit needs of the micro businesses like small groceries stores, saloons, vegetables vendors, small traders and agricultural ancillaries i.e., seeds and fertilisers suppliers at the end of the supply chain etc.

In the shortest time span, Shakthi is being delivered from 216+ locations across country and has already helped 4,600+ micro businesses with the disbursement of 2,190 million so far.