Monday, March 6, 2023

Vastu Housing Finance Rolls Out Menstruation Leave For Women Employees

Vastu Housing Finance Corporation Limited, a digital-first housing finance company, has introduced a menstruation leave policy effective March 2023. The women employees can avail one full-day wellness leave, or two half-day wellness leaves every month, to prioritise their well-being.

The company focuses on a slew of Diversity, Equity, and Inclusion (DEI) policies to foster productivity, and innovation to empower women employees across the organisation.

Vastu Housing Finance has partnered with Global Women Connect to enable the participation of their female team members in a global mentorship program. This will provide women at Vastu with a platform to enhance and develop their leadership skills. The program facilitates year-long one-on-one mentorship for career progression with global business leaders.

The firm also offers dedicated training, upskilling, and development opportunities for women employees to build competencies in different business areas, as well as, acquire managerial skills to grow within the organisation.

In line with their commitment to advancing diversity in their workforce, Vastu will soon be launching a ‘Career Returnship’ Program for women. This program is specifically designed for women who have been on a career break for two or more years and is industry and function agnostic. Through this program, the company is committed to providing a mix of on-the-job and classroom training to selected program attendees. Those who successfully complete the training will be offered full-time positions at various corporate functions at Vastu.

Speaking on the DEI policies, Shefali Pathak, Head - People, Diversity and Change, Vastu Housing Finance said, "Since day one of the operations, we have been very intentional about being engaging and inclusive towards all our stakeholders, especially our team members.  We strongly believe that having a diverse workforce enables deeper perspectives and fosters innovation. Diversity facilitates better decision-making, increased profitability, and an engaged work climate. It enables a culture of collaboration, empathy, and agility at work, which is crucial for organisational growth. We are committed to DEI being an integral part of our business strategy.”

About Vastu Housing Finance Corporation Limited

Vastu Housing Finance Corporation is a digital-first housing finance company and has financially included over 60,000+ customers having a monthly income of USD 600. The award-winning proprietary technology platform PULSE has been the game changer in helping Vastu’s customers to estimate and demonstrate their undocumented income to avail credit solutions from the company. PULSE has enabled a completely paperless digital experience for customers which has helped in faster turnarounds to service them better. As on September 2022, Vastu has an asset under management (AUM) of INR 4100 crores with best-in-class asset quality, over 1800 employees, and a presence in 13 states in India with 157 plus branches.

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