IDCO signs agreement with IL&FS Water to set up desalination plants

IDCO has entered a memorandum of agreement with IL&FS Water to set up desalination plants in Dhamara and Paradeep industrial area in Orissa for supply of water

IDCO has entered a memorandum of agreement (MoA) with IL&FS Water Ltd to set up desalination plants in Dhamara and Paradeep industrial area in Orissa for supply of industrial and domestic water.

The two companies will soon carry out a detailed survey to assess the requirement of desalinated water to meet the demand of up-coming industries in these areas. These desalination plants will be developed on a modular basis progressively to meet the increasing industrial demand. This is a unique step to solve the problems of nonavailability of sufficient sweet water for upcoming industries in those areas.

The land required for the project will be provided by IDCO after preparation of detailed project report. IDCO will also facilitate obtaining of clearances for the project and assist IL&FS Water to market the water.

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Lakshmi Vilas Bank implements financial inclusion

Lakshmi Vilas Bank extends banking services through business correspondents

Lakshmi Vilas Bank has announced to implement 'Financial Inclusion' in Tamil Nadu through an extension of its banking services by appointing 'Business Correspondents' across the state.

The bank has planned to implement its services with an objective of ensuring greater reach to the underprivileged sections of the society through availing the business correspondent services of intermediaries like NGOs/self help groups, microfinance institutions and other civil society organization (CSOs). State Level Bankers' Committee (SLBC) of Tamil Nadu has allotted 53 villages to Lakshmi Vilas Bank for promoting financial inclusion. These 53 villages are spread over 18 districts and are mapped to 42 branches of Lakshmi Vilas Bank in Tamil Nadu.

PR Somasundaram, MD & CEO, Lakshmi Vilas Bank said, "The bank is extensively involved in social sector lending throughout the country. Over two lakh customers directly benefit from our social sector lending programme. They are serviced through 51 branches in rural locations and 105 branches in semi-urban locations. The bank will be making available a wide range of financial services to every individual particularly weaker sections and low income groups."
For implementation of Financial Inclusion solution, Bank has tied up with Atom Technologies, to act as business correspondent and technology services provider, who will appointing the CSP (Customer Service Point) for our Bank.

On Monday, Lakshmi Vilas Bank ended 0.72% down at Rs96.30 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.22% to 17,839.05.

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Aviva ties up with Suvidhaa for renewal payment acceptance service

Aviva Life Insurance has tied up with Suvidhaa to launch payment renewal service across 500 cities and 10,000 touch points in India

Aviva Life Insurance has tied up with Suvidhaa, pioneer of the Services Commerce (S-Commerce) revolution in India, to launch its new payment renewal service across 500 cities and 10,000 touch points.

Snehil Gambhir, director, operations & business excellence, Aviva Life Insurance said, "This new service will not only add to our services ecosystem and provide additional convenience to our customers for premium payments, it will also boost our persistency."

This service will provide Aviva customers a hassle free option to walk into any Suvidhaa outlet, provide some basic information for verification, and pay the renewal premium. Customers will also be given a receipt of their premium paid at the outlet. It will also provide them a secure transaction platform along with 24x7 call centre assistance from Suvidhaa.

Through this tie up, Aviva India will increase its customer touch points via a pan India outlet presence and will expand its alternate channel penetration for renewals apart from Aviva branches and various other alternatives.

In addition to the Suvidhaa outlets, Aviva customers can continue to choose to pay premiums through their credit card, online bank transfers, ECS facilities, Skypak dropboxes and at Aviva branches.

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