How Labours & Workers can Get Loan with Minimum Documents

When is Labour Day & Why Do We Celebrate It?

1^st May is celebrated as World Labour Day or International Workers’ Day. It is a day to commemorate the contributions of workers to society and to raise awareness of the issues and challenges faced by the labour community. Today, World Labour Day is celebrated in many countries around the world, and it serves as an opportunity to highlight the importance of workers’ rights and to raise awareness of the challenges faced by the labour community. Many labour unions and organizations hold rallies, marches, and other events to commemorate the day and to bring attention to issues such as fair wages, safe working conditions, and workers’ rights.

What are The Challenges Faced by Unorganised Sector Workers?

One of the most common challenge for labours and unorganised sector workers is to acquire Loans such as Personal Loan, Home Loan, Business Loan from the banks. Workers like small vendors, gardeners, drivers, carpenters earn most of their income in cash and hence often find it hard to get loan due to lack of financial documentation. 

Benefits of Loan to Workers

Piramal Finance has launched a new initiative to provide loans to labourers. This move comes as a welcome relief for millions of blue-collar workers in the country who often find it challenging to secure financial assistance from traditional banks.

The initiative is aimed at meeting the immediate financial needs of the labour community, such as medical expenses, education fees, and other emergencies. The contribution made by the labour community in building the country’s economy is vital and it is important to support them in times of need. 

Process: To Get a Loan

• The application process has been streamlined to ensure that it is easy and accessible for labours with minimum documentation requirements
• Check the Eligibility Criteria (Age, Nationality, etc.)
• Check the Interest Rates and Other Charges
• Calculate Your EMI
• Get Mandatory Documents (Aadhar Card, Pan Card, etc.)
• Apply for loan by visiting one of our branches or even online
• Getting online personal loan is easy and fast, workers can get instant personal loan in just few clicks

Conclusion

The “Hum Kagaz se Zyada Neeyat Dekhte Hain” initiative has received a positive response from the labour community, who have welcomed this initiative with open arms. It is expected that this initiative will help to improve the economic conditions of the labour community in the country and provide them with access to much-needed financial support. 

This move is expected to have a significant impact on the lives of millions of blue-collar workers in the country, providing them with access to financial support and improving their economic conditions. The streamlined application process and minimal documentation requirements will make it easier for laborers to apply for loans, making this initiative a step in the right direction towards financial inclusivity.