Prayaas : App for Microfinance

About this App

Prayaas App: The Prayaas app has been developed for Small Industries Development Bank of India (SIDBI) to make the borrower journey easy and simple. This app helps to digitalize the borrower journey from filling up the application to the signing of the documents. The App can be used only by the Partner Institutions that have been onboarded by SIDBI.

What Prayaas App offers

• Primarily this Loan App would be used for onboarding all applicants that need Micro Financing. The Loan App can be used by Users that have been registered by the Central Team of Partner Institutions.
• Partner Institutions are those institutions that have partnered with SIDBI to provide small business loans to the borrowers. The Prayaas app will be used by all the Partner Institutions for onboarding the customer as well as assist them in the signing of the documentation.
• The app provides with an easy login feature for the users. The users of the Partner Institution will be able to view and track the progress of the application through the various stages. The users will be able to view all the applications uploaded by them.
• It is a very user-friendly app for the users. It allows the user to choose from multiple languages as per the need.
• The Prayaas app makes use of top technology to make the process for the borrower and the user seamless and simple. There are various features added to help the users. The app also makes use of digital signing of the documents to make the journey convenient for the applicant and the officials.
• The Primary use of the Prayaas Loans App is to ensure fast, digital, and integrated process and reduce the time frame for customer onboarding. The process involves end to end microfinance customer onboarding process to go Digital.