Pragati has been incorporated to meet the diverse customers' needs of the rural and semi-urban low-income households and is operating as a BC service provider to Northern Arc Capital
It is a joint liability backed term loan product designed to support the income generation and business support needs of the underserved household. The product is delivered through a women’s solidarity group targeting entire households. The product aims to help customers achieve financial independence and connects them to wider financial opportunities to realize their potential and aspirations. The loan amount under the product ranges from INR 30k to 75k.
ATM is any time loan designed to help borrowers bridge any intermediate need including the personal or business emergency. The product would be available to any of the customers who already have availed of any of the three products described above. The product would be available to borrowers on demand provided they have maintained a clean credit history.