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Tag: paperless

  • Poonawalla Fincorp goes full throttle: 24/7 digital loans now open for MSMEs

    Poonawalla Fincorp goes full throttle: 24/7 digital loans now open for MSMEs

    MUMBAI: Poonawalla Fincorp is giving Indian MSMEs a serious leg-up with a slick new digital tool in their financial arsenal—‘Business Loan 24/7,’ a fully online, branch-free business loan available any time of day, all days of the week.

    This isn’t just another fintech gimmick. It’s a proper game-changer. Backed by a pioneering digital risk assessment model and designed specifically for micro, small, and medium enterprises, the new loan product promises instant approval, flexible repayment, and a completely paperless ride from start to finish.

    “We believe that with India’s $4 trillion economy, MSMEs will be one of the most robust credit growth segments over the next 10 years, and our assumptions are based on India’s strong financial infrastructure—credit bureau data, GST information, account aggregators, and strong risk analytics. This product, which we will gradually build into the portfolio in a sensible, risk-calibrated manner, will be an industry,” says Poonawalla Fincorp managing director &n chief executive officer Arvind Kapil. 

    PFL’s digital model taps into India’s public digital infrastructure to vet borrowers using data-driven insights, not just legacy credit parameters. That means smarter risk assessment, faster decisioning, and credit that’s tailored—not templated.

    This move follows the successful rollout of PFL’s earlier 24/7 loan product for salaried professionals. With MSMEs now in its sights, the non-banking finance company wants to become the go-to lender for India’s credit-hungry entrepreneurs—especially in tier two and tier  three  towns where access to capital still moves at snail mail speed.

    Part of the Cyrus Poonawalla Group, PFL boasts a ?35,631 crore loan book and a presence in 18 states and two union territories. With this new offering, it’s revving up to drive deeper into India’s growth engine—one digital disbursement at a time.

  • DD, AIR go paperless with 100% adoption of e-Office

    New Delhi: Use of technology has turned the operations at Prasar Bharati around. It’s no more business as usual, as in less than two years, 577 Centers and 22,348 employees of Doordarshan (DD) and All India Radio (AIR) have embraced e-Office operations. The initiative has helped the public broadcaster to cut down its expenditure on paper by almost 45 per cent in the last two years.

    “Kudos to all 500+ field units of Prasar Bharti across DD and AIR as we cross a significant milestone with 100 per cent adoption of e-office. For an organisation which was 100 per cent paper-based till three years ago, it is a remarkable transformation,” tweeted Prasar Bharti CEO Shashi Shekhar Vempati.

    According to the public broadcaster, the IT enablement of routine office functions through e-Office on the Cloud came as a blessing during the pandemic with the flexibility to work remotely, keeping operational decision making going and reducing the need for unnecessary physical movement of files.

    Prasar Bharti had introduced e-Office in August 2019 a year before the pandemic spread across the world. The idea was to make operations more efficient and paperless. Of total 577 Prasar Bharati centers across the country, 10 per cent adopted e-Office in 2019 (Aug – Dec), 74 per cent in 2020 and the remaining 16 per cent have joined by 18 June, it said in a recent statement.

    The transformation has not only brought speed and transparency in the working of the organisation, but led to creation of more than 50,000 e-Files with the status of every file available online. Internally, concerned departments can trace their files, whether it is in movement or parked or closed.

    “On an average, the complete process of clearing one physical file used to take almost a week. Through e-Office, this has been drastically reduced to 24 hours on an average, sometimes even a couple of hours,” said the public broadcaster. As a result, the figures on total volume of cleared files over almost the last two years and average number of files cleared every month during the same period have jumped significantly, the statement added.

    Apart from reducing Carbon footprint, paperless work also enhanced the COVID safety during the pandemic through remote working, work from home, etc, thus reducing the chances of infections.

  • Blue Dart launches GoGreen digital initiative in line with global ESG benchmarking

    MUMBAI: South Asia’s express air and integrated transportation & distribution company, Blue Dart, has announced paperless transactions on their new digital portal for all vendor partners.

    The online launch event of the paperless technology was a registered event with the United Nations Environmental Programme (UNEP) to mark the World Environment Day. Under the new sustainability roadmap, Blue Dart has made significant investments in developing future-ready technology to protect the environment and deliver excellence in a sustainable way.

    It has executed over 50 per cent of its customer invoices online and is working towards achieving a 100 per cent transition. “Manufacturing paper is energy-intensive; one A4 sheet requires approximately 50 watt-hours. Going paperless will help conserve energy, reduce CO2 emissions, avoid deforestation, protect the natural habitat and strengthen forest-based livelihood opportunities for the surrounding communities,” it said. The group has also planted 1, 11,000 trees annually, in order to offset 22, 20,000 kg of carbon per year upon their maturity.

    Blue Dart managing director Balfour Manuel said, “This initiative is our endeavour to inculcate sustainable business practices and at the same time raise the bar on innovation. Blue Dart is a market leader and we believe that if we navigate through our sustainability roadmap, we will be able to contribute to reducing India’s, and in the larger scheme of things, the World’s climate change issue – one step at a time.”

    The company said it has committed this decade to its efforts towards ecosystem restoration, while recognising the importance of fighting climate change and is integrating robust Environmental Social and Governance (ESG) mechanisms into this decade of ecosystem restoration.

    ESG is the new buzzword among multinational corporations, particularly in Europe, where compliance of these parameters has prompted most companies to adopt it as the prescribed mandatory compliance standard. In India too, the benchmarking is being slowly introduced with a recent advisory issued by the Securities and Exchange Board of India (SEBI) in March.

    Blue Dart chief financial officer, Aneel Gambhir said, “In the journey of being an ESG compliant organisation, we have identified sustainable ways to carry out business operations. We are committed to giving back to the community in which we operate and at the same time, we are doing all that it takes to restore and protect our environment. The pandemic era combined with climate change emphasises the urgent need for organisations to invest in the ecosystem, before it’s too late.”

    Blue Dart’s new sustainability roadmap calls for clean operations for climate protection, a great company to work for all, as well as building a highly trusted company. The express logistics provider has launched many initiatives to ensure it is doing its bit to aid the world in the battle against climate change and global warming. The company aims to make all their owned or leased facilities operate at net zero carbon (footprint) by 2025, drive increased efficiency and use cleaner fuels within their fleet of six Boeing 757 freighters, support customers with sustainable and optimized packaging solutions and design greener products and services through comprehensive solutions.