Mumbai: Svatantra Microfin Pvt. Ltd. is a new-age microfinance institution, known to offer affordable financial solutions to rural women. With a view to spearhead financial inclusion further and continue its outreach to the youth, the company organised its annual case-study competition – Avant-garde, now in its third year.
Avant-garde aims to provide a unique and challenging platform to the students, who in return offer disruptive ideas to overcome real life challenges faced in the microfinance sector. This year the challenge was to build a healthcare insurance product for the rural households, thereby impacting the social and economic sustainability options of the stakeholders. The winners from IIM Kozhikode were awarded INR 200,000 and a PPI with Aditya Birla’s Leadership Program. The runners-up from XLRI received INR 100,000 and a PPI with Aditya Birla’s Leadership Program.
Speaking about the competition Ms. Ananya Birla, Founder and Chairman of Svatantra Microfinance and Co-Chairman of ASSOCHAM Microfinance, “This is our third year hosting Avant-garde and we are very happy to see such a fantastic response in participation by over 900 students, from 20 top-ranked business schools across the country.
At Svatantra Microfinance, we believe in egalitarian growth substantiated by profitability and sustainability, actions that have immense scope to deepen our outreach further. Our business is one which at the core, focuses on social impact and reaching out to the bottom of the socio-economic pyramid to further growth as a whole.”