Sunday, Dec 8 2024 | Time 02:53 Hrs(IST)
image
Business EconomyPosted at: Aug 24 2018 2:25PM


Aadhar Housing launches branches in 10 states for low income group

New Delhi, Aug 24 (UNI) Aadhar Housing Finance Ltd, one of the largest housing finance companies, on Friday launched its new branches in Gujarat, Maharashtra, Madhya Pradesh, Punjab, Delhi, Rajasthan, Uttar Pradesh, Karnataka, Tamil Nadu and Kerala to empower the low income segment across the nation and avail them with essential financial services to secure a home.
Aadhar's strategy is aligned with the government's initiative of "Housing for All" and focuses on the organisation's aim to facilitate financial inclusion through a wider outspread. It is committed to serving home buyers from the low income group of the economy by enabling better access to Aadhaar's customer-centric solutions and providing the benefit of Pradhan Mantri Awaas Yojana (PMAY).
Speaking on the occasion, Mr Deo Shankar Tripathi, MD & CEO, Aadhar Housing Finance Ltd said, "Aadhar has expanded the business to offer valuable financial services at affordable rates. Our objective is to broaden the net of financial and economic inclusion by providing a sense of security and ultimately creating customer delight."
In 2018, the company plans to open 64 new branches to broaden their operations. Currently, Aadhar has opened up its new branches in different states covering Jetpur and Porbandar in Gujarat, Khamgaon in Maharshtra, Khategaon in Madhya Pradesh, Kaithal in Punjab, Vikas Marg in Delhi, Chittorgarh, Baran and Dungarpur in Rajasthan, Meerut (additional) in Uttar Pradesh, Ramnagar and Doddaballapur in Karnataka, Tambaram in Tamil Nadu as well as Kannur and Trivandrum in Kerala.
Apart from establishing a nation-wide network, Aadhar has adopted an innovative approach of a Hub and Spoke model to reach population beyond tier 1, 2 and 3 cities. The company is to increase its spoke locations from currently 1500 to 2500 which will be serviced by a nearby operative branch.
These new spoke locations will have a Resident Executive (RE) responsible for sourcing new business and providing quality customer service. The REs will develop their own sourcing channels - 'Aadhar Mitra' by appointing unemployed youth, local financial dealers, building material suppliers, hardware and paint stores, kirana shops, builders and developers in the vicinity. Aadhar has already activated more than 300 such spoke locations with a Resident Executive.
UNI SW SNU 1424
Please log in to get detailed story.
Tags: #Aadhar Housing launches branches in 10 states for low income group
More News
Sitharaman holds pre-Budget meet with agri sector experts, MSMEs

Sitharaman holds pre-Budget meet with agri sector experts, MSMEs

07 Dec 2024 | 5:25 PM

New Delhi, Dec 7 (UNI) Union Finance Minister Nirmala Sitharaman on Saturday held the second pre-Budget consultation with various farmer associations and leading agricultural economists to
seek their suggestions for the forthcoming Budget 2025-26.

see more..

AP: Commodore Rakesh Prasad assumes charge as new Director of Hindustan Shipyard Ltd

07 Dec 2024 | 4:52 PM

Visakhapatnam, Dec 7 (UNI) Commodore Rakesh Prasad, after completing 32 years of distinguished service in the Indian Navy, assumed charge as Director (Corporate Planning & Personnel) at Hindustan Shipyard Limited (HSL) here on Saturday.

see more..

AP :Construction of Rs 191 crore additional production plant of EDL commences

07 Dec 2024 | 4:46 PM

Sri City ( Andhra Pradesh), Dec 7 (UNI) An additional new state-of-the-art manufacturing facility of EPACK Durable Limited (EDL) started in Sri City, marking a significant expansion of its strategic partnership with Hisense, a global leader in consumer electronics, home appliances, and air conditioning.

see more..

Seminar on semiconductor by nasscom FAYA:80 on Dec 11

07 Dec 2024 | 2:16 PM

Thiruvananthapuram, Dec 7 (UNI) nasscom FAYA:80, a knowledge community based at Technopark, will host a seminar on semiconductor technologies at Technopark here on December 11.

see more..

GHAC secures Customs Trade Partnership Against Terrorism (CTPAT) Certification

06 Dec 2024 | 8:58 PM

Hyderabad, Dec 6 (UNI) GMR Hyderabad Air Cargo (GHAC) on Friday announced that it has secured the prestigious ‘Customs Trade Partnership Against Terrorism (CTPAT)’ certification.

see more..
image