Satin Creditcare Network Limited's Sahyog Compassionate Policy supports families of employees losing battle to Covid-19

Satin Creditcare Network Limited (SCNL) (NSE: SATIN, BSE: 539404), one of the leading microfinance institutions in the country, has devised the Satin Sahyog Compassionate policy which aims to provide immediate relief and support to the families of those employees who have succumbed in their battle against the pandemic or due to any fatal accident while discharging their duties.

Satin Creditcare Network Limited has always given prime importance to the safety and well-being of each and every member of the Satin family as well as their near and dear ones over the years, especially during the pandemic and subsequent lockdown. In order to strengthen its long-term relationship with employees and imbibe in them a sense of belongingness, Satin Sahyog Policy includes several provisions such as term life insurance of Rs. 10 lacs, EDLI insurance of Rs. 6 lacs, pension of Rs. 10000, Mediclaim coverage to the family of the deceased, education assistance for their children and a job to one member of the family. SCNL promises to extend all benefits and support to the kin of its deceased employees through this policy. The organization believes that this policy will help ease the burden and grief of the bereaved members.

Mr. HP Singh, Chairman and Managing Director, Satin Creditcare Network Ltd, says, "At Satin, we strongly believe that our greatest asset is our employees. What makes me stop in my track and awe with disbelief is the sheer amount of resilience, courage, and determination that each employee has displayed during these crucial times. They say unprecedented times require unprecedented efforts. Over the years, we have always given prime importance to the safety and well-being of each and every member of the Satin family as well as their near and dear ones. As a company, we felt compelled to do more, so we devised Satin Sahyog - Compassionate Policy to help the families of deceased members who have succumbed to the deadly virus or due to any kind of fatal accident encountered while discharging the organizational duties. Through this policy, we aim to ease the burden of the bereaved family and help them grapple with their grief. As an organization, we pledge to stand by such families and are committed to take care of them."

Shares of Satin Creditcare Network Ltd was last trading in BSE at Rs.83.55 as compared to the previous close of Rs. 83.7. The total number of shares traded during the day was 11817 in over 386 trades.

The stock hit an intraday high of Rs. 86.35 and intraday low of 83.15. The net turnover during the day was Rs. 995946.

Source : Equity Bulls

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