Trending

Stories

Airtel Payments Bank Initiative ‘Suraksha Salary’ Launched for MSMEs

Must Read

Airtel Payments Bank today announced a salary account for micro, small and medium enterprises (MSME). The initiative is called ‘Suraksha Salary’ which is working towards supporting the small, medium businesses.

Through this account, the businesses will be able to make cashless payments, but more importantly, it will ensure a financial blanket for its employees. The benefits under the account include Hospicash Insurance and Personal Accidental insurance cover.

Also Read

The lockdown brought out the uglier side of capitalism, and how the MSME workforce was hit badly. MSME employees do not have healthcare benefits or even insurance. This certainly makes the situation worse for those employees, especially during this time.

The finance minister announced a collateral-free loan worth INR. 3 lakh for MSMEs and the Cabinet committee jumped on the bandwagon and announced that it will infuse INR. 20,000 crores into the MSME sector.

The new initiative of Airtel will be available only to new bank customers as of now; later existing customers will be made part of this.

“Our research reflected how lack of protection makes the workforce susceptible to financial setbacks, particularly in case of illness. With this consumer insight, we developed the Suraksha Salary Account to enable MSMEs to offer financial protection and formal banking experience to their employees,” Anubrata Biswas, MD, and CEO, Airtel Payments Bank said.

In the case of hospitalization, the account holder will be subjected to a fixed cover of INR 400 per day for 10 days. This package also covers COVID-19. The account owner will also get a group accidental cover of INR. 1 lakh. Moreover, the account has no minimum balance condition.

The Suraksha Salary initiative comes at a crucial point in time, though it came very late. This should work towards the betterment of the MSME employees’ healthcare plans, and make them financially more equipped.

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Related

- Advertisement -
- Advertisement -
Amazon Echo Pop: Stylish Semi-Sphere Smart Speaker in India Redmi Display A27: Affordable 27 Inches Monitor with 100Hz Refresh Apple Music Classical App Now Available on Android WhatsApp’s Companion Mode: Same Account, Multiple Devices Nvidia & MediaTek Collaborate on Connected Car Tech Sony Unveils Project Q: A Next-Gen Handheld Game Console Snapchat Hits 200M+ Users in India, Introduces AI Chatbot Super Mario Bros. Movie: 6.4 Million Tickets Sold in Japan Samsung Galaxy A14 Launches in India with Impressive Features BGMI Returns: Battlegrounds Mobile India Now on Play Store
Amazon Echo Pop: Stylish Semi-Sphere Smart Speaker in India Redmi Display A27: Affordable 27 Inches Monitor with 100Hz Refresh Apple Music Classical App Now Available on Android WhatsApp’s Companion Mode: Same Account, Multiple Devices Nvidia & MediaTek Collaborate on Connected Car Tech Sony Unveils Project Q: A Next-Gen Handheld Game Console Snapchat Hits 200M+ Users in India, Introduces AI Chatbot Super Mario Bros. Movie: 6.4 Million Tickets Sold in Japan