Leading the Way in Inclusive Finance
Muthoot Microfin Wins Dual Gold at SKOCH Awards 2025 for Driving Women-Led Financial Inclusion: Muthoot Microfin, part of the Muthoot Pappachan Group (Muthoot Blue), has earned two prestigious Gold Awards at the SKOCH Awards 2025 for its innovative work in financial inclusion, with a strong focus on empowering rural women. These honours reflect the institution’s dedication to creating accessible financial solutions and digital tools that cater to the grassroots economy.
Mahila Mitra and Griha Raksha: Models of Innovation
The company received the Corporate Excellence Gold Award for its Mahila Mitra mobile application, a digital platform tailored for rural women to manage finances independently. With 1.73 million downloads and a user rating of 4.2 stars, this app simplifies digital transactions, enhances financial literacy, and enables users to access credit and services without relying on conventional banking infrastructure.
Muthoot Microfin also clinched the BFSI Gold Award for its Griha Raksha Insurance Scheme, which has extended coverage to 2.66 million women from economically vulnerable families. This initiative offers vital protection against financial setbacks, encouraging women to pursue entrepreneurship with confidence and security.
Empowering Women Through Grassroots Microfinance
With its core mission of uplifting women-led households, Muthoot Microfin has served over 34.2 lakh families, reaching 1.4 crore individuals across India. Operating through 1,651 branches in 20 states and 379 districts, the organization delivers microloans designed to spark self-employment, small-scale enterprise, and community-based income generation.
By promoting affordable, digital-first financial products, the institution has made strides in bridging the rural-urban gap in access to financial services. Both the Mahila Mitra platform and Griha Raksha coverage exemplify how technology can transform lives when built for inclusion.
Prestigious Honour by the SKOCH Group
The SKOCH Awards are recognized nationally for celebrating excellence in governance, finance, and equitable development. The awards were presented to Muthoot Microfin CEO Sadaf Sayeed by SKOCH Group Chairperson Sameer Kochhar and Vice-Chair Gursharan Dhanjal. The dual recognition affirms the firm’s leadership in delivering impact-driven financial solutions for underserved women.
Financial Strength and Forward Vision
As of December 31, 2024, Muthoot Microfin holds a Gross Loan Portfolio of ₹12,404.9 crore and serves a base of 3.42 million active borrowers. It is also part of the S&P BSE Financial Services Index, indicating its sound financial management and regulatory compliance. With digital expansion and gender-focused outreach at its core, the institution is set to continue leading India’s microfinance growth story.
STATIC GK SNAPSHOT
Muthoot Microfin Wins Dual Gold at SKOCH Awards 2025 for Driving Women-Led Financial Inclusion:
Feature | Details |
Event | SKOCH Awards 2025 |
Awardee | Muthoot Microfin Ltd. |
Awards Won | 1. Mahila Mitra App (Digital Financial Inclusion) 2. Griha Raksha (Insurance Scheme) |
Mahila Mitra Users | 1.73 million downloads, 4.2-star app rating |
Griha Raksha Beneficiaries | 2.66 million low-income women |
Total Women Impacted | 34.2 lakh households (1.4 crore individuals) |
Branch Network | 1,651 branches across 20 states and 379 districts |
Gross Loan Portfolio | ₹12,404.9 crore (as of December 31, 2024) |
Listed On | S&P BSE Financial Services Index |
Focus Areas | Women empowerment, Digital microfinance, Financial literacy |