Vakrangee & Bank of Baroda Partner to Onboard Women Business Correspondents

By: WE Staff | Tuesday, 6 April 2021

Vakrangee, a banking, e-governance, and logistics service provider has partnered with Bank of Baroda to appoint Women Business Correspondents (BC) Sakhis and to extend its banking services in Uttar Pradesh. The company will associate with the Bank of Baroda for the Uttar Pradesh State Rural Livelihood Mission (UPSRLM) to onboard nearly 1554 BC Sakhis in the Raebareli and Lucknow districts of Uttar Pradesh.

The project is intending to enhance banking access in rural UP and to improve the household income of women members as well. It is being implemented, as a part of UPSRLM's mission to hire and prioritize women as business correspondent Sakhis or Banking Agents across all the districts of the state. Vakrangee will provide onboarding, training, and handholding to these business correspondents Sakhis. This project will further aid in extending the financial inclusion in the state of Uttar Pradesh.

Dinesh Nandwana, Managing Director & Group CEO, Vakrangee says, "Vakrangee has always been a responsible and socially conscious company. Gender Equality is fundamental to our philosophy and core DNA of being a social equalizer. We strive to build a workplace culture with gender diversity and believe it is core to the success and growth of our company. We are happy to announce this partnership with the Bank of Baroda which enables us to focus and prioritize having Women Banking BC agents in the state of Uttar Pradesh. Our outlets will be able to offer a range of banking services. Our Kendras are aligned with the Government's vision of Financial, Social, and Digital Inclusion by reaching out to the remotest parts of the country where basic banking services are not available."