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  • AISECT’s Financial Inclusion division partners with major banks including SBI

    Published on October 14, 2023

     AISECT Financial Inclusion , recognized as industry leaders in driving financial empowerment, have strategically partnered with major banks including State Bank of India, Bank of India, Punjab National Bank, Central Bank, and Canara Bank. Through this partnership, a total of new 666 SBI banking kiosks have been established, each one placed to strategically provide accessible banking services to underserved regions across India.

    With an extensive network featuring over 3200 SBI banking kiosks and a remarkable total of 7000 banking kiosks nationwide, AISECT Financial Inclusion remains at the forefront of bridging the financial divide. The recent expansion of SBI’s banking kiosks reinforces AISECT FI’s unwavering commitment to empowering every corner of India with easy access to crucial banking services.

    Aligning themselves with the Mudra Yojana, AISECT Financial Inclusion facilitates the sourcing of loans through its kiosks, ensuring essential financial support reaches those who need it the most. As a testament of their dedication, 1,000 AISECT kiosks are currently operating as Debt Recovery Agents for various banks. Furthermore, AISECT Financial Inclusion has also proactively taken steps towards enhancing financial literacy in Madhya Pradesh and Chhattisgarh, by conducting educational programs aimed at rural adults, with a special focus on women. In partnership with the National Bank for Agriculture and Rural Development (NABARD), with an aim to elevate financial awareness and literacy within their communities.

    Along with facilitating essential banking services, AISECT’s role as a Business Correspondent also encompasses a broad spectrum of responsibilities, including customer acquisition, service delivery, customer authentication, cash handling, and customer enrolment. Moreover, they play a pivotal role in offering Government schemes such as the Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and more.

    Dr Siddharth Chaturvedi, Managing Director, AISECT said “Our vision has always been to ensure that every individual, regardless of their background, has access to essential financial services. These new banking kiosks are a significant step towards achieving that goal. We believe that financial empowerment is the cornerstone of a thriving community, and through strategic partnerships with major banks, we are determined to bridge the gap between the served and underserved regions of India. This expansion is not just about numbers; it represents our unwavering commitment to empower every corner of India with easy access to crucial banking services. Together with our dedicated team and valued partners, we will continue to innovate and pioneer products and solutions that uplift and transform lives.”

    AISECT Financial Inclusion remains deeply committed to fostering financial inclusion, and the collaboration with SBI in establishing 666 new banking kiosks represents a significant stride towards achieving this vision. Their dedication to empowering the underserved and facilitating seamless access to banking services is a testament to their shared commitment to fostering financial inclusivity. AISECT is thus committed to its relentless pursuits of empowering India through its innovation & pioneering products & solutions. Owing to these endeavours, AISECT has won numerous awards and accolades at prestigious national and international platforms.

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