Haryana CM Shri Nayab Singh Saini distributes HAPPY Scheme NCMC Cards
powered by AU Small Finance Bank
Karnal, June 7, 2024: In a significant step towards empowering the underserved communities of Haryana, the Honorable Chief Minister of Shri Haryana Nayab Singh Saini distributed the HAPPY scheme National Common Mobility Card (NCMC), powered by AU Small Finance Bank (AU SFB), India’s largest SFB & Aurionpro Solutions Ltd. The distribution event was held simultaneously across 34 depots/sub-depots in 22 districts of Haryana, with participation of state ministers & MLAs, government officials, beneficiaries, and senior officials of AU Small Finance Bank.
The HAPPY scheme NCMC Cards are set to provide substantial benefits to Antyodaya families in Haryana, whose annual household income is below ₹1 lakh. This initiative is designed to cover their transportation expenses upto 1000 km, thereby enhancing their access to essential services such as healthcare, education, and employment opportunities.
The NCMC Cards will enable seamless travel across various modes of public transport, making commuting more affordable and convenient for the beneficiaries. Additionally, these cards can be used for various digital payments, further promoting financial inclusion among the Antyodaya families.
Speaking at the occasion, Honorable Chief Minister of Haryana, Shri Nayab Singh Saini, said, "This initiative will transform the lives of thousands of residents by offering them the much-needed mobility support. This initiative is designed to improve the quality of life for Antyodaya families, and it aims to eliminate transportation barriers, thereby facilitating access to better healthcare, education, and job opportunities."
Mr. Uttam Tibrewal, Executive Director and Deputy CEO of AU Small Finance Bank (this would be confirmed later) said, "We are honored to partner with the Haryana government in this noble initiative. As a firm believer in financial inclusion and community empowerment, we are dedicated to supporting initiatives that serve the unserved and underserved segments of society. The interoperability of NCMC card make it usable across various modes of transport nationwide, including metro, buses, suburban railways and tolls, making it of great value to the beneficiaries.”
About AU Small Finance Bank
AU Small Finance Bank Limited (AU SFB) is a scheduled commercial bank and has established itself as the largest SFB in India since starting its banking journey in April 2017. Established in 1996 by Mr. Sanjay Agarwal, a first-generation entrepreneur, AU SFB boasts a 29 years-legacy with deep understanding of the rural and semi-urban markets and customer segments. The Bank operates a sustainable business model that facilitates credit to the unserved and underserved retail and MSME customer segments while providing complete banking solutions to its deposit and branch banking customers. As a tech-led Bank, AU has a strong digital presence with innovative products and services like 24X7 video banking, credit cards, personal loans, UPI QRs, payments, merchant lending, WhatsApp Banking, Chatbots etc. and its digital bank application AU0101 remains among the higher rated banking apps in India.
The Bank operates from 2,383 banking touchpoints across 21 States & 4 Union Territories serving 1.1 Cr customers with an employee base of 46,000+ employees. As on 31st Mar’24, on the proforma merged basis, Bank has a Net worth of ₹14,980 Cr, deposit base of ₹97,704 Cr, Gross Loan Portfolio of ₹96,490 Cr and a Balance sheet size of ₹1.26 Lac Cr. AU SFB enjoys the trust of marquee investors and is listed at both NSE and BSE. It has consistently maintained high external credit Rating and is presently rated ‘AA/Stable’ by CRISIL, CARE Ratings and India Ratings, while the Bank’s FD is rated ‘AA+/Stable’ from CRISIL Ratings.
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