Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)
Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)Fino Paytech's first foray into the government sector was with the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which epitomised the convergence of the banking segment with the government domain. Fino Paytech stepped in to deploy a workable, scalable and robust solution, which met with immediate success.
The Fino Paytech card functions as a pan-India card that can be used to make domestic payments across 50,000+ villages in the country.
Further, the usage of biometric technology has largely reduced the possibilities and instances of misuse and malpractices as far as payments to citizens are concerned. It has also expedited the process, ensuring that beneficiaries receive payments quicker and with minimal hassles.
Fino Paytech is the largest agency in the country distributing MGNREGS and Social Security Pensions (SSP) benefits. The company has enabled these government benefits to reach out to a large segment of the bottom of pyramid population deep into unchartered territories, thus bringing a sea change in the lives of millions.