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.
