South Bengaluru Is Thriving Investment Hub With 10.3% YoY Capital Appreciation And 26% YoY Surge In Rents: Magicbricks

According to Magicbricks’ recent “State of the Market” report, South Bengaluru (Electronic City, JP Nagar, Kanakapura and Bannerghatta) has emerged as a thriving investment hub in the city, demonstrating a significant capital appreciation of 10.3% YoY and surge in rents by 26% YoY between October and December 2023. Kanakapura stood out as the most price-sensitive locality with an impressive capital  appreciation of 18.66% YoY during this period.

Elaborating on the demand and supply dynamics in the region, the report highlighted that the residential demand increased 8.1% YoY, particularly in Electronic City, where the demand surged 21.23% YoY.  Furthermore, NRI interest surged by 13% YoY, particularly from the UK, marking an 81% increase. 

Simultaneously, while the residential supply contracted by 28.4% YoY, leading developers are actively investing in the area, signaling promising prospects for an upturn in supply. The report identified Provident Housing, Prestige Group and Mantri developers constituting the majority of the residential supply in the area.

Abhishek Bhadra, Head of Research, Magicbricks further elaborated “South Bengaluru presents lucrative investment prospects for those seeking long-term returns. With a steady uptick in demand, the region is also witnessing a surge in commercial activities, as developers expand their footprint in the region. Offering higher rental yields as compared to established areas of North Bengaluru, South Bengaluru presents the potential of becoming one of the top choices for homeowners in the coming quarters.”

The report also underscored buyers’ interest towards smaller configurations in South Bengaluru, as demand for 2BHK configurations increased from 45.7% of total residential demand in 2023, up from 36.6% in the same period last year. In contrast, the demand for 3BHK and bigger units reduced from 59.3% in October-December 2022 to 50.6% in October-December 2023. The report concluded that the leading asset class in Bengaluru is multistorey apartments, which is accounting for nearly 84% of the residential supply in the area.

About Magicbricks: India's no 1 property site 

As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full-stack service provider for all real estate needs, with 15+ services including home loans, pay rent, movers and packers, legal assistance, property valuation, and expert advice.

With 15+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV- India’s leading online real estate YouTube channel, and other proprietary tools so that home buyers can access all information related to price trends and forecasts, locality reviews and more.

NueGo Services Garner High Loyalty & Advocacy Amongst Women Travelers

* Over 90% of women respondents expressed confidence in its safety measures, while 100% of them prefer and recommend NueGo for future travel.

GreenCell Mobility, India's pioneering force in shared electric mobility, proudly announced the findings of an independent survey performed by DNA Consult Advisory, which evaluated women's customer experiences with intercity bus operators across the country. The survey, which focused on female passengers aged 18 to 40 years, found that most of women respondents felt safe and secure during their rides, demonstrating NueGo's consistent commitment to passenger security. NueGo is GreenCell Mobility’s a premier intercity electric bus service.

The survey provides a comprehensive picture of female passengers' preferences and provides valuable insight into issues such as safety, security and hygiene, all of which are critical in the transportation industry. 100% of women passengers surveyed feel safe when traveling with NueGo, and 93% have expressed high confidence in NueGo's safety features. Equally notable is the fact that all respondents showed a readiness to suggest NueGo to their family, friends, and coworkers, demonstrating the brand's high consumer loyalty and advocacy.

Devndra Chawla, CEO and MD of GreenCell Mobility, reaffirmed NueGo's dedication to passenger well-being, saying, "NueGo's commitment to providing a safe and comfortable travel experience for all its guests, especially women, is evident in the survey findings. Women travellers tend to carry a mental burden heavier than their physical luggage—the weight of countless worries that linger in their minds long before the journey begins. NueGo aims to alleviate these concerns and provide our women guests with a worry-free journey, ensuring their safety and peace of mind, as well as for their loved ones."

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The survey results highlight NueGo's success in making women feel safe and comfortable during inter-city bus travel. With over 90% of women respondents expressing confidence in NueGo's safety measures and 100% stating they would prefer and recommend NueGo for future travel, it is clear that the company's initiatives like the dedicated women's helpline, advanced safety features, exclusive discounts, and all-women staffed buses are resonating positively with female passengers. NueGo's customer-centric approach that prioritizes the specific needs and concerns of women travelers has fostered high loyalty and brand advocacy within this important customer segment. The strong survey findings validate NueGo's position as a leader in providing secure, inclusive and empowering travel experiences for women in India's inter-city bus industry.

With an unwavering focus on safety, comfort, and customer satisfaction, NueGo is poised to redefine the standards of bus travel in India. By consistently delivering exceptional service and prioritizing the needs of its passengers, NueGo sets a shining example for the industry.

About NueGo:

NueGo is India’s leading premium electric bus coach brand from GreenCell Mobility. A guest centric brand, NueGo coaches go through 25 stringent safety checks including mechanical and electrical inspections. These electric coaches can run 250 kilometers in a single charge, with the air conditioners on, in traffic conditions. NueGo coaches are fitted with innovative technology and offer end to end convenience for inter-city travellers with focus on Safety, Punctuality, and seamless guest experience. NueGo has well trained and courteous staff, offers airport-like premium lounges in selective cities. These lounge offers guest assist, luggage management services and curated F&B menu and on board with on-time performance. https://nuego.in/

Voltas, The Undisputed Leader In Cooling Products, Launches IoT Enabled SmartAir ACs With Super Silent Operation

 

Key Features of Voltas’ SmartAir AC

• SUPER SILENT OPERATION- Operates with a noise level as low as 28 dB(A) to provide a calm and cozy atmosphere.

• SLEEP MODE- Maintains a comfortable temperature by cutting excessive cooling and power consumption

• INTERNET OF THINGS (IoT) ENABLED- The IoT feature enables seamless operation of your AC from anywhere through the Voltas Smart Mobile App, accessible on the Google Play and iOS App Stores. Additionally, users can monitor and analyze their energy usage with the Energy Consumption Trend graph feature available in the app. With the voice control module, you can effortlessly control your device by simply speaking to it using Alexa or Google Home. Additionally, Wifi Connectivity lets you schedule a range of aspects, like cooling mode, fan speed, vane direction, etc., as per your requirements, besides changing the temperature from anywhere will be possible. 

• MULTI ADJUSTABLE MODE- The 5-stage adjustable Mode offers preset cooling capacities by adjusting the inverter compressor's running frequency based on the number of occupants in the room and the ambient temperature. It can operate across various tonnages, optimizing power consumption effectively.

*  Launches its new extensive range of 2024 Room Air Conditioners - SmartAir Air Conditioners, which are distinguished by low noise levels, innovative functionality and IoT integration.

*  Introduces an extensive range 17 new SKUs to the 2024 series, of which 6 are IoT enabled and 11 of the other SKUs are without IoT.

*  The new range of products are loaded with marque features which are designed for specific consumer demands and needs.

* Exciting Consumer Finance offers: Cashbacks and Easy Fixed EMI.

Voltas, India’s undisputed leader in Cooling Products, and the No. 1 AC brand, from the house of Tata’s, has strengthened its leadership position further in the Cooling Products space. Voltas has launched its SmartAir Inverter AC series, offering a bundle of smart features and IoT capabilities. This new lineup boasts lower noise levels, effortless temperature adjustments, and advanced functionalities accessible through the Voltas Smart Mobile App, available on both Google Play Store and iOS App Store. The IoT-enabled device can swiftly connect to the user's network and smart speakers. The SmartAir AC is compatible with Alexa and Google Home. Consumers can also track and analyze their energy usage with the Energy Consumption Trend graph feature.

Presently, Voltas has introduced a total of 6 IoT enabled SKUs, of which 3 SKUs will be in the 5-Star Inverter Split AC and 3 in the 3-Star Inverter Split AC.

Commenting on the launch of the new summer range of Air Conditioners, Mr. Pradeep Bakshi, Managing Director & CEO, Voltas Limited said, “Voltas has always been a flag bearer of innovation in the Cooling Products and Home Appliances domain. The product that we have launched is in line with the market demand and to meet the growing expectations of consumers in the Indian market, by offering them unique technology at an affordable price. Voltas’ SmartAir ACs come with a unique value proposition of smart and IoT enabled features and its unique Super Silent Operation for additional comfort and convenience. Given the strong summer predictions, we at Voltas are well-prepared to meet the surge in demand with our new range."

Our market insights confirm that there is a consumer trend of upgrading their home appliances, for which they rely hugely on technology. Our consumer surveys have indicated that Indian customers' preferences in the home appliances category are evolving, with comfort, convenience, cooling, health and consumers are looking for tech-savvy options that are becoming the top priority.

Voltas Smart Air Logo (002)

Voltas will soon be releasing a TV commercial with an element of surprise as part of its summer promotional campaign. The overall message of the advertisement will reflect the effectiveness of the Voltas SmartAir Air Conditioners.

The Voltas 2024 RAC product portfolio will be overall 81 SKUs, with 63 SKUs in Inverter ACs, 3 SKUs in Inverter Hot & Cold Split AC, 5 Fixed Speed Split AC SKUs, 1 in Fixed Speed Hot & Cold

Split AC, 4 in Inverter Window ACs, and 5 SKUs in Fixed Speed Window ACs. Voltas’ Air purifier category presently has 3 SKUs. The Company has also strengthened its overall portfolio by introducing Water Heaters that has 16 SKUs presently. Whereas, 47 new SKUs of Commercial Refrigeration products, including Convertible Freezer, Freezer on Wheel, and Curved Glass Freezer have also been introduced.

This Summer, Voltas’ new range of cooling appliances are also coupled with attractive financing offers for consumers like cashback, easy EMI finance offers and 5-Year Warranty on PCB for ease of adoption & access to customers.

About Voltas Limited:

Voltas Limited is a premier air conditioning and engineering solutions provider and a projects specialist. Founded in India in 1954, Voltas Limited is part of the Tata Group, and in addition to Room Air Conditioners, Voltas also has Air Coolers, Air Purifiers, Water Dispensers, Water Coolers, Commercial Refrigeration and Commercial Air Conditioning products in its portfolio. Voltas is one of the leading companies within the Tata group and is the undisputed market leader in room air conditioners in India, with a footprint of over 25,000+ customer touchpoints. It has also recently launched its range of Voltas Beko Home Appliances, through its JV in India, in equal partnership with Arcelik.

Indian Association of Cardiovascular And Thoracic Surgeons Organised Two-Day Hybrid Academic Programme

The 9th edition of the IACTS SCORE, organised by the Indian Association of Cardiovascular and Thoracic Surgeons (IACTS) in collaboration with the Sri Madhusudan Sai Institute of Medical Sciences and Research (SMSIMSR) at Muddenahalli on 09-10 March 2024, aimed to inspire young medical professionals to specialise in Cardiovascular and Thoracic Surgery (CVTS). With India facing a severe shortage of specialists, initiatives like this are crucial in addressing the healthcare crisis. Despite an annual production of only 65,000 postgraduates, the country requires approximately 15 lakh specialists. The goal of IACTS and SMSIMSR is not only to equip students with the necessary skills but also to encourage them to serve underprivileged communities, especially those in rural areas who struggle to access quality healthcare due to financial constraints.

IACTS SCORE 2024 spanned two days and served as an examination orientation and academic review program for final-year residents pursuing residency in cardiothoracic and thoracic surgical programmes. Led by Dr C S Hiremath, the event brought together esteemed faculty members such as Dr Anil G Tendolkar, Dr Prasanna Simha Mohan Rao, Dr A Sampath Kumar, etc., alongside dedicated students. The programme focused on bridging knowledge gaps, reinforcing core concepts, and emphasising the practical application of skills essential for success in examinations and careers as CT surgeons. Residents benefited from simulation examinations, live interactive sessions, discussions on CPB fundamentals, ECG and imaging modalities interpretation, and live case discussions.

The inauguration of IACTS SCORE 2024 saw the presence of notable figures including Sri Madhusudan Sai, Founder of SMSIMSR, Dr Manoj Durairaj, President of IACTS, Dr C S Hiremath, Secretary of IACTS, and Dr Minu Bajpai, Executive Director of the National Board of Examinations in Medical Sciences, New Delhi, who served as the Chief Guest. The event also welcomed international faculty, including Dr Ali Zamir Khan, Consultant Thoracic Surgeon from Southampton University Hospital, United Kingdom.

During the inaugural ceremony, 'Gift of Life' certificates were awarded to three children from below-poverty-line families who had undergone life-saving surgeries at the teaching hospital of the medical college. 'Gift of Life' ceremonies, initiated by Sri Madhusudan Sai, celebrate the lives saved through surgeries.

"Concerning cardiovascular thoracic procedures, we are in a state of transformation and reformation right now. The younger generation needs to step up and carry out successful surgeries in future. They must therefore arm themselves with the newest technologies because they have a crucial role to perform. I find it astounding that SMSIMSR not only delivers world-class healthcare services free of cost but also free medical education to deserving candidates. I would like to work with SMSIMSR and contribute my expertise, and also set up a heart transplant facility here”, stated Dr Manoj Durairaj, President, IACTS Executive Committee.

Dr C S Hiremath, Secretory, IACTS Executive Committee mentioned, "I created this programme nine years ago to standardise CVTS training, and it was my idea. The CVTS residents benefit greatly from it in terms of understanding the material and passing their exams. Today marked the release of the tenth edition of the ‘Sri Sathya Sai Notes’, which is required reading for all CVTS students. This addresses every complex and important idea about the topic.”

Dr Minu Bajpai, Executive Director, National Board of Examinations in Medical Sciences, Professor & Head of Department, Department of Paediatric Surgery AIIMS, New Delhi said, “Due to the lack of healthcare professionals, there will be a crisis by the end of 2030. To tackle this issue, from the next academic year, a 6-year course in DNB in paediatric surgery will be started at SMSIMSR by the government as an initiating step. I appreciate the IACTS SCORE programme that follows the American System taking a greater share in enhancing the quality, standards and uniformity in healthcare as a measure to retain quality and quantity. Sri Madhusudan Sai’s institutions have been a paradigm of the ancient system where temples served as the sources of every need without any materialism therefore, I see great potential in SMSIMSR to become a global centre of blended learning in the days to come, because the ethos of Sushrutha and Hippocrates’ oaths are just not read but practised here in this Institute.”

Sadguru Sri Madhusudan Sai in his benedictory message highlighted, “No teacher can hoard knowledge to himself/herself and the more it is shared, it grows and expands. In our ancient Bharat, education, food and healthcare were provided free of cost to all at temples. The commodification of these resources has crippled our sacred system. The sole intention of establishing healthcare institutions is to make high-quality healthcare accessible to everyone irrespective of any differences. We work on the ethos—the entire world is one single family. Individually we can do only so much, together we can do a lot. It is our collective responsibility to serve our fellow beings.”

The Fifth ‘Great 4X4 Expedition By Toyota’ Held In Guwahati, North-East Region Culminates, Offering Unforgettable Off-Roading Experiences

Toyota Kirloskar Motor (TKM) successfully concluded the ‘Great 4X4 Expedition’ in the highly significant North-east region, a remarkable event that seamlessly brought together the excitement of 4X4 driving and a strong connect with exclusive 4X4 community. The three-day event, held during 8-10th March 2024, engaged the enthusiastic 4X4 vehicle owners in an exhilarating experience amidst the picturesque landscapes of PRP Valley (Guwahati) and travel across some of the scenic locations in Meghalaya region. The flagship event began during May 2023, with a series of expeditions were conducted in South, West, North and East regions of India, through the year, gaining lot of popularity amongst the 4X4 fans. With this, Toyota’s primary focus has been to engage with the 4x4 fraternity and create awesome 4X4 experiences with the unique capabilities of varied SUVs from its product line-up.

Toyota, fuelled by its rich heritage of 4X4 product offerings, remains an influential source of inspiration. The brand consistently delivers a range of awesome products, earning the smiles of millions of customers across the country.

With the fleet of remarkable 4X4 SUVs including the iconic Hilux, the legendary LC300, the popular Fortuner and the Hyryder AWD (All Wheel Drive), the North-east expedition commenced at Vivanta Guwahati embarking on an impeccable journey through a delightful trail drive at PRP Valley, which is a tourism and adventure sports hub in the outskirts of Guwahati city, also known for modern art and serene beauty. This drive witnessed a line-up of Toyota’s 4X4 SUVs, renowned for their exceptional 4X4 capabilities and cutting-edge technology, exemplifying the unmatched performance and bringing more excitement to the overall drive experience with its unique product strengths and features. Notably, more than 80+ participants including family and friends came together with a plethora of both Toyota and other brand of SUVs during the ‘Great 4X4 Expedition by Toyota’.

Furthermore, at one of the landscapes in the celebrated destination of Meghalaya, the journey continued to offer an exceptional driving experience through the natural off-road tracks which included a range of challenging articulation, side-inclines to steep hill ascents & descends alongside rocky beds. The 4X4 experience was conducted under the expert supervision of 4X4 specialists, ensuring the participants enjoy the endeavour, while being safe & secure. These trail drives added an extra layer of awesomeness to the overall experiential drive, making it a day filled with fun, creating unforgettable memories. Needless to mention, the spirit of exhilaration amongst the 4X4 fans has brought much rejoice, leaving them wanting for more. In addition, the captivating expedition concluded with a delightful entertainment including cultural music and dance, performed by a popular artist, indulging in a joyous ambiance.

The culmination of the 4X4 drive also marked the environmental contributions with the handing over of the certificates to the participants for the trees that were planted on their behalf by an NGO (Sankalpataru), who will nurture such planted trees. The participants can observe the growth of their plant, by scanning the QR code provided to them.

On the conclusion of the Fifth ‘Great 4X4 Expedition by Toyota’, one of the 4X4 Participants excitedly, said, “Having traversed the breathtaking terrains of Guwahati & Meghalaya, the ‘Great 4X4 Expedition by Toyota’ has been nothing short of extraordinary. Toyota has once again surpassed expectations, offering an adventure that was both challenging and immensely fulfilling. The off-road tracks with natural obstacles, provided the perfect ground for us 4X4 enthusiasts to test our skills and our vehicles' capabilities, which was conducted with utmost safety & proper supervision, providing an adrenaline-pumping adventure.

The camaraderie within the 4X4 community, the shared moments of overcoming off-roading challenges, and the collective appreciation for the great outdoors have enriched this experience beyond measure. Each activity, added layers of enjoyment to our adventure, creating memories that my family and I will always cherish. Toyota's commitment to delivering remarkable experiences shines through in events like these, and it reinforces our trust and loyalty as a proud customer. Last but not the least, I am also happy to be a part of the virtual tree plantation – a Toyota driven eco initiative, with the support of an NGO Sankalpataru.”

On the successful completion of the North-east ‘Great 4X4 Expedition’, Mr. Sabari Manohar, Vice President - Sales-Service-Used Car Business of Toyota Kirloskar Motor, said “We are elated with the admiration that the 'Great 4X4 Expedition by Toyota' has received from the 4X4 community. This endeavour embodies Toyota's aim to connect and bring together the vibrant community of adventure enthusiasts, spreading 'Mass Happiness' through outdoor escapades by not only engaging with Toyota customers but also other SUV brands. Further, every participant contributed to the nature conservation through planting of saplings virtually via Sankalp Taru, an NGO. The positive response from participants fuels our enthusiasm, and we eagerly anticipate continuing these endeavours in the future, delivering meaningful adventures with our exemplary 4X4 SUVs.

As we celebrate the culmination of the North-East regional ‘Great 4X4 Expedition by Toyota,’ TKM extends heartfelt appreciation to all participants, supporters, and partners who played a pivotal role in this extraordinary 4X4 journey. We are confident that the series of ‘Great 4X4 Expedition by Toyota’ has ignited the shared passion for adventure in our customers, leaving them with enriching memories. Through this initiative, Toyota has garnered a multitude of lifelong 4X4 friends!”

Happiest Her 2024 Summit Pioneers Discussions On Women's Health And Life Balance

Happiest Health is proud to announce the launch of Happiest Her: Women’s Wellness Summit, a summit dedicated to today’s woman and different aspects of her life, health, career and mental well-being for her better holistic wellness.

Mark your calendars for March 16th at St John’s Auditorium, Bengaluru, for conversations with renowned experts and thought leaders to address critical issues about women’s health, including PCOS, infertility, hormonal imbalance, and various other aspects. This summit will serve as a beacon of knowledge for women across age groups offering a diverse range of topics tailored to nurture their holistic well-being. The insightful summit will feature renowned experts, including obstetricians, gynaecologists, oncologists, nutritionists, and fitness professionals, who will share their expertise and insights on women's wellness.

The day will be filled with enlightening discussions, interesting panel discussions, and interactive sessions on a wide range of topics tailored to meet the diverse needs of women. Here’s a glimpse of those interesting topics:

Weight Loss, Lifestyle, PCOS and Childbirth Concerns  (the 20s to mid-30s) by Dr Aruna Muralidhar, Obstetrician & Gynaecologist, Cloudnine Hospital, Bengaluru

Home, Work & Me- Balancing The Three – panel of Debjani Mukherji, Vice President, Global Strategic Alliances, TalentSprint, Dr Sakshi Arora, Stanford, PhD – National Board-Certified Health Coach, Dr. Madhuri Vidyashankar. P - Consultant Gynaecologist, Hysteroscopic & Laparoscopic Surgeon, Motherhood Hospitals, Bangalore and Sunila Benjamin - Director, NielsenIQ BASES.

Music Therapy by Purvaa Sampath - MT-BC, Founder & Director, Mayah’s Universe

Cancer Awareness by Dr Poovamma C U, Senior Consultant and Director - Breast Oncology, Cytecare Hospitals, Bengaluru

Graceful Ageing  - Ways To Prepare For Menopause - Bone Health, Cardiac Health Healthy Ageing  by panel of Dr Kiron Varghese - Professor, Department of Cardiology, St John’s Hospital, Bengaluru, Dr Sunitha Mahesh, Medical Director, Senior Consultant, Obstetrics and Gynaecology, Milann Fertility Centre, Bengaluru and Maragathavalli Inbamuthiah, Senior Consultant - Parity Consulting

Chair Fitness (experiential session) by Dr Bharati Jajoo, Ergonomics Expert, Chief Body Dynamics, Bangalore.

Happiest Her: Women’s Wellness Summit holds the promise of making a positive impact on the lives of women. By bringing together experts and attendees, we aim to inspire and educate towards healthier lifestyles and overall well-being. Together, let's create a brighter and happier future for women's health.

About Happiest Health

Happiest Health is a global health & wellness knowledge enterprise promoted by Ashok Soota. Happiest Health provides credible and trustworthy health and wellness knowledge with views from globally renowned experts and doctors. The primary knowledge platforms are the daily newsletter, knowledge website, and newly launched monthly print magazine, and knowledge app.

Happiest Health embraces scientific knowledge with a keen focus on medical breakthroughs providing kinder, gentler therapies including cell-based treatments. It also has deep coverage of integrated medicine including Ayurveda, homeopathy and naturopathy. Happiest Health’s focus on wellness is holistic and energizing. They live by their Mission Statement: “Better Knowledge. Better Health.” and convey its benefits to all.

SIDBI & PMBI Sign MoU For Credit Assistance To Jan Aushadhi Kendras

Small Industries Development Bank of India (SIDBI) has signed an MoU with Pharmaceutical & Medical Devices Bureau of India (PMBI) to provide term loan and working capital credit to Jan Aushadhi Kendras (JAKs) being set up by aspiring entrepreneurs.

JAKs are administered by PMBI, Department of Pharmaceuticals, Ministry of Health & Family Welfare and Chemicals & Fertilizers and they provide generic medicines to citizens at affordable prices under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP). There are more than 10000 operational JAK stores and Hon’ble Prime Minister has announced an ambitious plan to open an additional 15000 new JAK stores over next 2 years. SIDBI has leveraged its GST Sahay application to provide invoice-based working capital to JAKs and its Prayaas platform to provide project term loan for setting up new JAK stores.

Speaking on the occasion, Dr. Mansukh Mandaviya, Hon’ble Union Minister of Health and Family Welfare and Chemicals & Fertilizers, explained how the Government has worked to scale up the JAK program over the last 8 years. He also emphasized on the strong processes adopted to ensure quality of the medicines being made available at the stores. He expressed satisfaction at the joint initiative of SIDBI and PMBI and mentioned that it will go a long way in improving the profitability of JAK stores. The term loan will provide an opportunity to young citizens of the country to aspire and set up JAK stores of their own.

Shri S. Ramann, CMD, SIDBI said, ‘It is a proud moment for SIDBI to be associated with this prestigious and visionary program which is for the benefit of all the citizens of the country. SIDBI has completely digitized its credit operations and for the JAK program it has used latest digital technology and best-in-class Digital Public Infrastructure (DPI) of the country to create a customized credit program for JAKs’  

SIDBI: SIDBI has been set up as the principal financial institution for the promotion, financing, and development of MSMEs and to coordinate the functions of the institutions engaged in similar activities. SIDBI has been undertaking various projects to support micro and small informal enterprises in accessing affordable finance from the formal banking channels. SIDBI has been extensively using digital innovations in tracking transactional history and financial details of the micro and small enterprises from source through digital ecosystems like account aggregators for bank transactions, GST records, or through Anchor channels etc.

PMBI: PMBI is the implementing agency of the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) launched by the Department of Pharmaceuticals, Ministry of Health & Family Welfare and Chemicals & Fertilizers, GoI. Under the scheme, dedicated outlets known as Jan Aushadi Kendras which provide generic medicines at affordable rates are encouraged to be set up by individual entrepreneurs. The Kendras are supplied generic drugs by PMBI. PMBJP’s product basket has nearly 2000 drugs and 300 surgical items. The scheme is implemented by PMBI to ensure access to quality medicines by all sections, especially the poor and to generate employment by engaging individual entrepreneurs in setting up the JAKs. The quality, safety and efficacy of the medicines through JAKs are ensured by getting each batch of medicines procured from both CPSUs and private suppliers tested in NABL approved laboratories for conforming to the required standards. Over 10,000 JAKs have so far been set up and GoI has ambitious plans to set up another 15,000 JAKs in the next 2 years.