ESAF Microfinance to implement Pension Scheme for Unorganized sector

The state wide launch of Swalamban Yojana (organized by ESAF) was held at Juhanon Marthoma Hall, Kottayam on Aug 29, 2011. After launching the scheme Jose K. Mani, Member of Parliament, Kottayam said that such welfare schemes had utmost significance in bringing the economic and social security initiatives of the Central Government into fruition.

The scheme promoted by Pension Fund Regulatory Authority under the Central Government was implemented through selected agencies across the nation. ESAF Microfinance was one among the few.

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K. Paul Thomas, Managing Director, ESAF Microfinance, during his welcome speech appreciated the Central Government for formulating this much-needed policy and added that selecting ESAF for implementing the project was another feather in the cap of the Organization.He also said that the pension scheme on the lines of Govt Pension Schemes would surely benefit almost 4.5 Lakh ESAF clients spread across 7 states in India.

MFI’s visit ESAF to understand Producer Company functioning

In order to gather awareness on Producer Company, authorities of different South Indian based MFIs – BSS, Samasta and Apex Abhisek visited ESAF along with Ramanathan, Retd. CGM, NABARD.

K. Paul Thomas, Managing Director, ESAF Microfinance welcomed the gathering and expressed his happiness on the Producer Company model getting acceptance.  Jojy Koshy Varghese, COO, ESAF Swasraya Producers Company Ltd (ESPCL) explained about the activities of Producer Company and its advantages.

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