Bharat Financial to rollout 2 lakh kirana points for financial transactions

This initiative would result in 40% improvement in overall efficiency

Microfinance company Bharat Financial Inclusion (earlier known as SKS Microfinance Limited) is planning to roll out 2 lakh kirana points across its network in 16 states to enable its borrowers to make basic transactions like repaying the loan, depositing money, withdrawal of cash among other things by visiting these stores.

The kirana points project is built on the Instant Loan Approval launched by the company on March 16.

"We are delighted that we are becoming the first entity in India to launch 100 per cent digital financial inclusion on such a scale, thanks to our team's simple innovation," said M R