Muthoot Microfin Wins Double Gold at SKOCH Awards 2025

Muthoot Microfin, a leading microfinance institution dedicated to empowering women entrepreneurs, has achieved a significant milestone by securing two prestigious Gold Awards at the SKOCH Awards 2025. These awards recognize the company’s outstanding contributions to digital financial inclusion and innovative insurance solutions, reinforcing its role as a key player in India’s microfinance sector.

The accolades were presented to Sadaf Sayeed, CEO of Muthoot Microfin, by Sameer Kochhar, Chairman of SKOCH Group, and Gursharan Dhanjal, Vice-Chairman of SKOCH Group, at a distinguished ceremony held in New Delhi.

Muthoot Microfin’s Achievements at SKOCH Awards 2025

Muthoot Microfin received two Gold Awards in recognition of its customer-centric digital initiatives and inclusive financial solutions:

1. Corporate Excellence – “Best Customer Application on Digital Financial Inclusion”

This award was conferred for Muthoot Microfin’s groundbreaking initiative, Mahila Mitra, a digital platform aimed at revolutionizing financial transactions for women in rural India.

With an impressive 1.73 million downloads and a 4.2-star rating, Mahila Mitra has significantly improved access to financial services for women entrepreneurs.
The application enables seamless and secure digital transactions, eliminating barriers to financial inclusion in remote areas.
This initiative reflects Muthoot Microfin’s commitment to leveraging technology for financial empowerment, ensuring that women have easy and convenient access to credit and other banking services.

2. BFSI Award – “Best Insurance Scheme”

Muthoot Microfin was also honored for its pioneering insurance initiative, the Griha Raksha Insurance Scheme.

The scheme has provided coverage to 2.66 million beneficiaries, offering a crucial safety net for financially vulnerable communities.
Griha Raksha reinforces the company’s mission of ensuring financial security and social empowerment for women and their families.
By bridging the protection gap, this initiative has enabled women entrepreneurs to focus on their businesses without the constant fear of financial instability due to unforeseen circumstances.

Muthoot Microfin’s Impact on Women Entrepreneurs

At the heart of Muthoot Microfin’s operations is its mission to empower women entrepreneurs, fostering economic self-sufficiency and inclusive growth. The company has been instrumental in:

Supporting 34.2 lakh women-led households, thereby positively impacting the lives of 1.4 crore Indians.
Driving financial literacy and digital adoption, ensuring that rural women can confidently manage their finances.
Providing microloans for income-generating activities, enabling women to start and expand their businesses.

Through these initiatives, Muthoot Microfin is not just offering financial services but building a stronger, self-reliant India by empowering women at the grassroots level.

The Significance of SKOCH Awards

The SKOCH Awards are among the most prestigious independent honors in governance, finance, and inclusive development in India. These awards recognize organizations that demonstrate exceptional innovation, efficiency, and impact in their respective fields.

Winning two Gold Awards at the SKOCH Awards 2025 further cements Muthoot Microfin’s position as a leader in the microfinance industry, highlighting its contributions towards digital transformation and financial security for millions of women across the country.

About Muthoot Microfin Ltd.

Muthoot Microfin Ltd. is a part of the renowned Muthoot Pappachan Group (Muthoot Blue) and is one of India’s leading listed Microfinance Institutions (MFIs). The company carries forward a 138+ year-old legacy built on the principles of integrity, collaboration, and excellence.

Key Highlights of Muthoot Microfin

Focuses on financial inclusion, especially for women in rural and semi-urban areas.
Provides micro loans to women engaged in small businesses to promote entrepreneurship and economic self-reliance.
Serves 3.42 million active customers through a robust network of 1,651 branches across 20 states and 379 districts.
Holds a Gross Loan Portfolio (GLP) of ₹12,404.9 crore as of December 31, 2024.
Part of the S&P BSE Financial Services Index, reinforcing its credibility and market presence.

Summary of the News

Category	Details
Why in News?	Muthoot Microfin won two Gold Awards at the SKOCH Awards 2025 for excellence in digital financial inclusion and insurance solutions.
Awards Won	1. Corporate Excellence – “Best Customer Application on Digital Financial Inclusion” for the Mahila Mitra initiative. 2. BFSI Award – “Best Insurance Scheme” for the Griha Raksha Insurance Scheme.
Significance of Mahila Mitra	– 1.73 million downloads, 4.2-star rating. – Enhances financial inclusion by enabling secure digital transactions for women in rural India.
Significance of Griha Raksha Insurance Scheme	– Provides insurance coverage to 2.66 million beneficiaries. – Ensures financial security and social empowerment for rural women and their families.
CEO’s Statement	Sadaf Sayeed, CEO of Muthoot Microfin, stated that these awards recognize the company’s efforts in bridging the financial inclusion gap for women.
Impact on Women Entrepreneurs	– Enabled 34.2 lakh women-led households. – Positively impacted 1.4 crore Indians. – Supports women with microloans for small businesses.
Significance of SKOCH Awards	Recognizes excellence in governance, finance, and inclusive development.
About Muthoot Microfin	– Part of Muthoot Pappachan Group (Muthoot Blue). – 3.42 million active customers. – 1,651 branches across 20 states and 379 districts. – Gross Loan Portfolio (GLP): ₹12,404.9 Cr (as of Dec 31, 2024). – Listed on S&P BSE Financial Services Index.
Commitment to Financial Inclusion	Provides quick, affordable, and hassle-free financial services to underserved communities, promoting entrepreneurship and financial independence.

Muthoot Microfin’s recognition at the SKOCH Awards 2025 highlights its leadership in microfinance and commitment to financial empowerment of women in India.