Belstar Investment and Finance Limited, an NBFC MFI subsidiary of Muthoot Finance Limited rolled out Pragati (Progress) Loans, a group microcredit lending product for the underserved rural women.
The launch was a gala affair, held in Chennai on April 29, 2019, and was presided over by the IPL stars from Chennai Super Kings, Harbhajan Singh, Murali Vijay, Shardul Thakur and Imran Tahir.
The cricketers felicitated two Self Help Group (SHG) women, in recognition of their entrepreneurial feat, amidst raucous cheer from the crowd of fans in the presence of Belstar employees from across 14 states.
Loan cheques were handed over to Surya and Dhanalaxmi, SHG members from Kancheepuram, who have over the time availed various forms of loans from the company. Both of them have earlier taken education loans than microenterprise and small enterprise loans. Currently both of the women are running successful rice retail and textile businesses respectively. The duo stands tall as a model of social and economic independence among the rural women.
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