The process of access towards financial services, timely and in adequate way for the vulnerable groups like weak sections and low-income groups at affordable costing is financial inclusion as a whole. Service ensures that people and businesses have transparent access to useful and affordable services that meet their needs in a responsible and sustainable way. For catering the services CSP came into existence who offers financial services through online platform.
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Ajay Raman, aged 32 years is a resident of Dehradun, Uttrakhand. Ajay Raman approached RBA Finance Pvt. Ltd. through its customer application for a loan and after due diligence he was provided the loan. He used the loan amount for his business. He started a grocery shop and it started and has achieved a good scale. He is now financially secure and plans to further strengthen and expand the business.
Neha Singh is 34 years old she lived in Dholpur Rajasthan "I had taken a Auto loan from RBA Finance. I got a very good support from them while taking a loan. They offered the lowest interest rate for my auto loan. Also they were not asking too many documents. I got the loan within a week".
Shiv Pal 28 Years old was lived in Agra his financial position was not strong. He associated with RBAFL for his first loan ever to increase his earnings. Two years back he took loan from RBA Finance Pvt. Ltd. for three-wheeler auto. He was having experience of driving and anted to take this ahead. His family’s standard of living after he started earning rupees 1000 per day. He now intends to open a small shop for his wife to make his family financially string and stable.
Salman Khan years of 44 years of age lived in Ujjain. Salman’s financial position was not very stable. One year ago he associated with RBA Finance for a three wheeler loan. Salman now earns 800 rupees per day he is now financially secure and plans to further strengthen and expand by taking other three wheelers also. For him all this was possible because of a loan from RBA finance Pvt. Ltd., which is available, aware and affordable.
Shiv Patil 29 years old Is a resident of Indore, Madhya Pradesh. He lives with his wife and 2 children. Financial position of the house was not good and his earning’s were less than 300 rupees per day., which was very low for the survival of the family. He used the loan amount for purchasing a three wheeler auto. His children are now studying in school. For him this was possible because of a loan from RBA Finance Pvt. Ltd. which made him financially strong.
The process of ensuring access to financial services, timely and in adequate way for vulnerable groups such as weaker sections and low-income groups at an affordable cost” is financial inclusion as whole. So Financial inclusion ensures that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.