SCML announces partnership with Paisalo Digital Limited

Standard Capital Markets Limited (SCML) has announced a partnership with Paisalo Digital Limited. According to the company, this will help it drive financial inclusion in underserved regions.

"This investment underscores SCML's commitment to upgrade innovative solutions that bridge the financial gap and promote economic growth in underserved regions," the company said in a release.

"Leveraging SCML's expertise in technology and innovation, Paisalo Digital will enhance its digital platform, ensuring seamless and efficient service delivery. This association also involves potentially offering more targeted and competitive products including more flexible lending criteria for borrowers," the statement added.

Earlier, the company forayed into the insurance broking business by incorporating a new subsidiary. 

"We are excited to collaborate with Paisalo Digital Limited in their mission to promote financial inclusion in rural India. This investment aligns with our commitment for financial inclusions that drive positive social and economic change. Together, we will work towards creating a more inclusive and prosperous future for all. This partnership marks a significant milestone in our journey to empower rural India through financial inclusion," said Ram Gopal Jindal, MD, Standard Capital Markets Limited.