Thursday, 6 March 2014

Financial Involvement of Sahara Group

The government keeps talking about financial inclusion of the poor. But they have been talking of it since ages. Today the fact is that large population of our country is still can not access the banking services because of the non-reachability of banks in the rural India and difficult norms and regulations to open an account.  
On the ground, what the government has done is to open a few branches in tier III towns and a lesser number of villages. However, Sahara group has been presence in almost all villages. The group has given an option to the poor to deposit their earn from their savings. People could deposit the money with the representative of the group and to do that they don't have to move outside their houses. A representative of the company would go to their homes to collect the sum, irrespective of the amount.  
It is ironical that the law of the land is treating Mr. Subrata Roy like a criminal. Such a treatment to the man who is a true patriot... Shame!
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Encouraging Thrift and Saving

Savings and credit play a very vital role in human life and gain more importance with respect to the poor, marginalised, deprived and economically weaker sections of the society.
Savings not only help in effective and timely disbursement of responsibilities that one has to fulfill but, they also assume greater criticality during times of need. Savings are of immense help during emergencies that we all face during lives.
It is the result of trust and confidence of customers and the commitment of Sahara’s workers that the deposit mobilisation entity of the group, has with the passage of time, become India’s number one Residuary Non-Banking Company in the private sector of the nation. Investors and depositors repose faith and confidence in the group. Making it possible is the commitment of Sahara’s workers who bring value-additions to the task of servicing to the universe of customers and unique, tailor-made deposit schemes that are designed to complement the need profile of the depositors.
The group has taken financial services to the remotest of areas which normal financial institutions find it relatively difficult to access.
Sahara has always taken care of our esteemed depositors in every possible manner. In addition to providing deposit facilities at their door-step, credit facilities for both, consumption as well as productive purposes are provided.
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