The development of liberalization and globalization across India in the early 1990s exacerbated the problem of women workers in unorganized sectors, with the majority of women engaged in various self-employment activities losing their livelihood. Regardless, women make a significant contribution to the household and national economy, and their employment is highly valued. It is just used as an extension of a household domain and is not accredited the due respect it deserves. India is a country where a successful instrument for microfinance has dominated the landscape offering financial services to the “Marginalised Section of the Society,” as well as assisting in their collective strengthening self-help abilities that lead to empowerment.

Microfinance is perceived as a modern tool for poverty alleviation and rural development. Microfinance companies are effective in eliminating poverty, empowering women, and raising awareness, all of which contribute to the nation’s long-term growth.

Let us look at our exclusive interaction with Ms. Gaurangini Jain – Deputy CEO, SATYA MicroCapital Ltd

Ms. Gaurangini Jain – One of the strongest pillars of SATYA MicroCapital

Gaurangini has brought in her valuable 20+ years of experience to SATYA MicroCapital Limited. Though she started her career in concept selling, soon she realized her interest lies in the banking and financial domain. She ardently believes hard work is the only key to success. This mantra has brought growth in her career significantly. After acquiring experience in the banking domain, she got opportunity to work in the rural inclusive banking sector. With lot of untapped potential in the rural sector, Gaurangini realized that she can play an indispensable role for the holistic growth of the society as whole. Incidentally, she got an opportunity to work with SATYA MicroCapital which was a growing organization with amalgamation of technology and social empowerment objectives.

SATYA Micro Capital Limited is an RBI-registered “NBFC-MFI” established in 2016. In a short span since its inception, SATYA has registered impressive growth by achieving a portfolio of more than 2500Cr and has emerged as one of the fastest-growing Highly Technology-driven Micro Finance Institutions in the country.

SATYA has focused its entire microfinance operations towards significantly driving women’s empowerment by generating additional income-earning opportunities thus making more visible economic contributions for better living and future building of their children leading to growth in women’s self-confidence, self-esteem, and their status in their family, wider community & society.

Contribution to SATYA MicroCapital

We are operational from more than 300 branches in 21 states of the country and are currently working in more than 30000 villages. At present, SATYA is serving more than 8 lakh rural customer base Gaurangini is contributing towards the fulfilment of the mission of SATYA which is to become a preferred choice for the people at bottom of pyramid in creation of their enterprise and livelihood through holistic approach. Alongside, she also envisions SATYA as a catalyst for the socio-economic upliftment of 5 million households by the year 2025. The main objective is to provide affordable credit services and a wholesome financial inclusion model which includes both credit & promotion of saving habit amongst rural masses. In the same process, our endeavor is to promote social development goals with a human touch.

Feeling to join a new venture and climb the ladder of success

Gaurangini says, “Always stay confident and positive for a positive outcome. “

As per Gaurangini it was a major decision, but she is happy that she took the leap of faith. She has brought in 15 years+ of MFI banking relationship experience while she on boarded SATYA MicroCapital. The opportunity to interact with the people at the grassroots level for appropriately utilizing the model of finance to upscale their living standards is both challenging and inspiring. Gaurangini further adds, “We were at the same table when Mr. Vivek Tiwari- MD, CEO & Chief Information Officer (CIO) motivated me to play a vital role in the growth and development of rural masses.

Customer Service is the Top Priority

Our loan products and process of loan disbursement are aligned in a way that customers can avail of loans without any delay in times of need. We at SATYA in this way are providing doorstep financial services to our customers. Recently, we have also been awarded in the 8th MSMEs Excellence Awards for our Excellent Services of the year organized by ASSOCHAM.

Social Responsibility for Gaurangini

Serving society has always been her passion. That is why she has been volunteering UNICEF since her early days.

Gaurangini ardently beliefs that an organization should focus on becoming socially responsible as it creates a space to engage with the world in a positive way. In her opinion, this can be done by developing micro entrepreneurs as micro entrepreneurs act as the wheels of the economic growth of the country. By creating new products and services, micro entrepreneurs stimulate new employment, which ultimately results in the acceleration of economic development. So, an operational framework which encourages and supports entrepreneurship is conducive for economic growth.

Personal Life

In her personal space, Gaurangini is a responsible daughter. The moral values taught by her mother has played a huge role in making Gaurangini the person she is today. In her leisure time, she loves to stay close to nature which is why she is very much fond of gardening. She also loves to hang around with her close friends to unwind herself.