iNTRODUCING THE NEW GEN

 

BUSINESS

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Welcome to Panchyajanya

 PANCHYAJANYA is a microfinance Institute that currently acts as a ‘Business Correspondent’ of ICICI Bank & YES Bank for Banking & Non-Banking services but initially was carrying out operations as a Society which was set up in 2004 (Under West Bengal Society Registration Act 1961). 

About Us

 

 In April 2009, the organization took over the microfinance activities  and since then it has been extending microloans to the members from the economically challenged sections of the society. These loans will aid poor members in carrying out income generating activities resulting in the improvement of their social conditions.

     

From the very beginning PANCHYAJANYA is serving the society through its different social welfare programs like health &Sanitation Program, education program, blood donation camps, trees plantation, women & child care program etc.

      

The organization has started its women empowerment program through micro-credit in the year 2009. In the year 2013 we started a new Social Security program with association of LIC of India and  Health & Sanitation program towards “Nirmal Bharat Avhiyan” .


PANCHYAJANYA is  member of Different micro-finance credit bureau such as HIGH MARK & EQUIFAX.

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Panchyajanya Overview

 

 PANCHYAJANYA is a microfinance Institute that currently acts as a ‘Business Correspondent’ of ICICI Bank & YES Bank but initially was carrying out operations as a Society which was set up in 2004 ( Under West Bengal Society Registration Act 1961 ). In April 2009, the company took over the microfinance activities  and since then it has been extending microloans to the members from the economically challenged sections of the society. These loans will aid poor members in carrying out income generating activities resulting in the improvement of their social conditions. At present, PANCHYAJANYA is operational in four states, namely, West Bengal, Assam, Bihar, and Jharkhand. From the very beginning PANCHYAJANYA is serving the society through its different social welfare programs like health &Sanitation Program, education program, blood donation camps, trees plantation, women & child care program etc. In the year 2013 we started a new Social Security program with association of LIC of India and  Health a& Sanitation program towards “Nirmal Bharat Avhiyan”. . 

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Why Us?

 

The principal objective of the organization to reach people from where they can function on their own without further help from other. In the given objective we have simply understood our responsibility to be :

A) To arrest the cause the poverty.

B) To irradiate the evils of illiteracy.

C) To improve the low status of women.

D) To help sustain community of reduce health hazards.

E) To make sure that govt. mechanism of the area works better.

F) To facilitate the people to earn a better income.

Our Mission is Socio economic empowerment of marginalized people for attaining healthy and sustainable development of the society and Creating an environment for the people to live with dignity and equal partnership in the development To reduce poverty and improve the life of the economically challenged people of the society

our services

what is digital account

 

Gone are the days when you had to stand in queue waiting for your turn to deposit/withdraw money. Getting a bank statement or updating passbook seemed like a difficult task. Sometimes the work which generally takes minutes took hours. Now, with digital savings account there is no need to worry. You can manage all your banking activities without even going to the branch.

      With the emergence of the concept of digital account it is easier to manage the account. A digital savings account is paperless, fast and secure way for opening an account on a digital platform. With the help of a digital savings account, the account holder can avail banking services like instant transfer, phone banking, SMS banking etc. Additionally, there are free email and SMS alerts.

 All digital accounts have their own sets of regulations and perks (benefits). There might not be zero maintenance charges and higher rate of interest. It varies from bank to bank. But having a digital savings account provides easy access and reduces exhausting bank trips. High interest rates come as an added advantage – so, what are you waiting for – enjoy the benefits in an instant!

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WHAT IS I-Sure Pay

 Facilitates customers to deposit cash, transfer cheques, clearing cheques, Demand Drafts, Pay Orders and debit instructions at any ICICI Bank branch with the benefit of acknowledgement on a real-time basis, on successful validation of the customer details in the Payee institution’s systems. 

benefits of i-sure pay

Benefits for you

Benefits to your payers

Benefits to your payers

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  • Assurance of correct payment from genuine customer
  • Flexibility in decision making whether to ‘Accept’ or ‘Reject’ the payment
  • Cost of handling and carrying cash and/or cheques is saved
  • Account is credited as soon as cash is received and ‘on realization’ in case of cheque
  • Customised acknowledgement receipt
  • Real time XML alert to client server for database updation
  • No manual reconciliation needed

Benefits to your payers

Benefits to your payers

Benefits to your payers

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  • Free of cost service
  • Available at all ICICI Bank branches
  • On-the-spot receipt generation
  • Flexibility to opt for partial payment
  • No need of internet connectivity

I-Sure Pay – Collection at Branch counters

I-Sure Pay – Collection at Branch counters

I-Sure Pay – Collection at Branch counters

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  •  Acceptance at branch counter from client’s customers or agents
  • Online validation of customers details with clients database/system before acceptance
  • Provision to update clients database/system instantly after the transaction
  • Any customer (ICICI Bank / Non ICICI Bank) can walk-into branch to make payment
  • Wide network coverage
  • Funds are immediately available to client. (‘On realization’ in case of instrument)
  • System-generated MIS

What is Cash Management Services (CMS)

I-Sure Pay – Collection at Branch counters

I-Sure Pay – Collection at Branch counters

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 ICICI Bank’s Cash Management Services offers a full range of products and services to efficiently process your receivables and payables. We cater to all your cash management requirements to optimise your cash flow position and to facilitate effective management of your business operation. 

 

Benefits of Cash Management Services (CMS)

   .  Leverage of vast network of locations within India.

   . Wide range of CMS products

   .  Efficient logistics support and advanced technology support

   .  Ensuring timely deposit of collections and timely execution of disbursement requests

MICRO-CREDIT

Introduction To Microfinance

 

In India a large segment of the society, particularly low-income people, have very little access to formal financial services.

The Indian government and RBI have been proactive in promoting ‘Financial Inclusion’ and among the various initiatives, reaching out to the un-banked and under-banked populace in partnership with MFIs and/or Pvt. Ltd. Cos. has been seen as an innovative and sustainable method. People from this secluded part of the society too have aspirations to grow and are industrious enough to fulfill all their dreams.

We at PANCHYAJANYA too strongly believe in these dreams and have been providing financial services in the remotest parts of India by partnering with Microfinance Institutions (MFIs). We offer innovative microfinance solutions at competitive interest rates and minimal documentation at their doorstep. We do wholesale funding to MFIs for on-lending and provide guarantees to help MFIs avail funding from other sources.

Our customer-centric processes ensure that we honour the commitment of every micro-borrower by perfectly complementing their aspirations and empower them, to help achieve their dream. After all, self-reliance at the grass root level is the first step towards a self-reliant India. 

Access to financial services is a key element in the process of socio-economic empowerment of the financially under-served sections of the society. At PANCHYAJANYA, we support initiatives to enhance access to financial services by bridging gaps wherever there are missing markets, to improve livelihood opportunities and productivity in the country and bring more people into the socio-economic mainstream, thus contributing to the full realisation of India’s vast untapped market.

We believe that existing financial intermediaries like Micro Finance Institutions (MFIs) can play a significant role in enhancing the levels of financial inclusion in the country by reaching out to the ‘last mile’ and thereby sharing the responsibilities of the government and the mainstream financial sector.

The Bank has been engaging with MFIs over the past decade and is one of the key lenders to such institutions. Our engagement with the members has evolved over time, and we now focus on:

     Establishing a healthy relationships with select members and Investing in building deeper and concurrent monitoring and control mechanisms to enable healthy growth of the microfinance sector.

About our loan

Quantum of Loan

 

Members can avail microloans of a minimum of Rs.2,000 and a maximum of Rs.20,000 individualy And Rs. 2,000 to 60,000 in SHG Model. The loan amount will be disbursed in Rs.1,000 multiples, depending on the eligibility of the borrower.

General features of PANCHYAJANYA Income Generating Loans

  •         In the first cycle, a newly joined member receives Rs 2,000
  •          In the second cycle, a member receives Rs 2,000 – Rs 5,000
  • In the third cycle, a member receives Rs 2,000 – Rs 7,000
  •         In the fourth cycle, a member receives Rs 2,000 – Rs 10,000
  •          Loan tenure is 24 weeks
  •         In the fifth cycle, a member receives Rs 2,000 – Rs 15,000
  •         In the sixth cycle, a member receives Rs 2,000 – Rs 20,000
  •         Loan tenure is 48 weeks
  •   After the sixth cycle loan will be disbursed in SHG model with a minimum member of 5.

                 Loan tenure will is 24 – 96 weeks ( Depends on the loan amount)

some of our satiesfied loane members

Mrs. Rina Bug

Mr. Sanjoy Mondal

Mrs. Jhuma Paul

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Loan Amount Rs. 10,000.00

Mrs. Jhuma Paul

Mr. Sanjoy Mondal

Mrs. Jhuma Paul

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Loan Amount Rs. 5,000.00

Mr. Sanjoy Mondal

Mr. Sanjoy Mondal

Mr. Sanjoy Mondal

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Loan Amount Rs. 10,000.00

Partnering With Us

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Contact Us

We have your best interest in mind!

Send us a message to find out more about how we can meet your banking needs. Tell us a little bit about your situation, and we will get back to you as soon as we can.

Message us on WhatsApp

Panchyajanya

A10/335 Kalyani Nadia, West Bengal, 741235

8337019988 / 8420887168 info@panchyajanya.in / support@panchyajanya.in

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