J. R .D. Tata
“...there is a joy in having done something as well as you could and better than others ” thought you could.
In line with the government’s Pradhan Mantri Awas Yojna (PMAY) initiative, the scheme will offer subsidised home loans to low income groups Tata Capital Housing Finance (TCHFL), the wholly owned subsidiary of Tata Capital, today announced the launch of ‘Prapti’ – a home loan scheme to cater to the low income segment in the affordable housing space. By providing home loans at subsidized interest rates from 4 percent, TCHFL will help individuals to realise their dream of buying their own home. Tata Capital’s ‘Prapti’ Home Loans scheme is a step towards the Government of India’s ‘Pradhan Mantri Awas Yojana’ for providing affordable houses to the urban poor by the year 2022. The scheme specifically caters to segments like the lower income group (LIG), economically weaker section (EWS) of society, scheduled caste (SC), scheduled tribe (ST) and women residing in the peripheries of Metros, Tier I cities as well as those living in Tier II and Tier III cities. The scheme is applicable for households with an income of up to Rs6 lakh per annum. Speaking on the occasion, Govind Sankaranarayanan, chief operating officer – retail business and housing
finance, Tata Capital, said, “Housing finance is an integral part of Tata Capital’s wide portfolio of retail offerings. Tata Capital’s ‘Prapti’ Home Loan scheme is in line with our government’s vision of ‘Housing for all by 2022’ and this product can reduce the effective cost of interest thereby expanding the opportunity of home ownership.” Commenting on the launch of Prapti Home Loans, R Vaithianathan, managing director, TCHFL, said, “Tata Capital Housing Finance has always recognised affordable housing finance as a high growth area and to this effect, we have expanded our reach to the urban poor, smaller cities and semi-rural areas across the country. The ‘Prapti’ home loan scheme, with low interest rates and flexible loan repayment options will equip a larger base of the lower income segment to realise their dream of purchasing their own home. Our pan-India wide presence will help cater to the relevant customer segment in Tier II and Tier III cities across the country.” Affordable housing segment is one of the high growth areas in the home loans business of Tata Capital and this initiative, coupled with flexible loan repayment options like step-up/ step-down facilities will further help boost the low cost housing segment and strengthen Tata Capital’s market presence in this space.
Residents of Railway Lane JJ Colony, Keshavpuram, to benefit from Tata Power Delhi Distribution's 'Any Time Water' RO plant
Tata Power Delhi Distribution (TPDDL) has been striving for the improvement of quality of life and upliftment of the underprivileged section of society through its various social innovation initiatives. Installation of Any Time Water (ATW) RO plants in JJ Clusters across North and North West Delhi by TPDDL for providing access to clean and safe drinking water to residents is an another step in this direction. TPDDL in association with Delhi Jal Board identified Railway Lane JJ Colony, C4 Block, Keshavpuram as a site for installation of ATW plant after seeking inputs from the local area Pradhans and instructors of TPDDL Women Literacy Centers who work in this area. The RO plant was dedicated to the JJ residents by member of legislative assembly, Trinagar, Jitender Singh Tomar, in the presence of in the presence of Sudarshan Kumar Saini, senior vice president, commercial and social innovation group, TPDDL, and hundreds of local residents. The ATW RO water purifier has a capacity of 500 litre per hour (LPH) and each household can withdraw a maximum of 10 litre of RO water per day. The day-to-day operations of the ATW RO plants will be managed by women members of the self-help groups (SHGs) working in this cluster. These SHGs were formed by TPDDL in the community in order to address the issue of unemployment and to infuse the spirit of entrepreneurship among women. At the ATW, the JJ dwellers can dispense RO water through the rechargeable swipe cards issued to them, for which a nominal user charges would be collected by the SHG women operators to run the RO plants on self-sustainable model.
While addressing the gathering, Mr Tomar, said, “I congratulate Tata Power-DDL for this unique social Innovation initiative. This move will not only provide safe drinking water to the residents of JJ clusters at a very nominal charge of 1 paise per litre but also make the women operating these ATWs self-reliant and economically strong.” TPDDL has been striving for the improvement of quality of life of its consumers residing in Jugghi Jhopari clusters. Apart from enhancement in power distribution services, the company is working tirelessly in 223 JJ clusters in its power distribution area of North and North West Delhi through 290 women literacy centres, 14 vocational training centres, tutorial classes, drug de-addiction camps, mobile medical dispensary service, HIV / AIDs awareness programme, blood donation camps, support to SC and ST community under its Affirmative Action policy, among others, benefiting more than 12 lakh people.
Cyrus Mistry focuses on leadership and innovation at the Tata Annual Group Leadership Conference 2016
• Leaders 2025’ introduces innovative HR frameworks for leadership competencies, and employee well-being and fulfilment.
• Tata values refreshed in line with Vision 2025 to include pioneering as a core value, reflecting the centrality of innovation.
• Published patents at all-time high.
• Group turnover at ~$103 billion; international revenues at 69 percent of turnover; 10 Tata companies register turnover of over $1 billion.
• Group’s capital investment in excess of $28 billion for the last three years, inclusive of $9 billion invested in FY16.
• Tata employees contribute over 1 million volunteering hours. The Chairman of Tata Sons, Cyrus P Mistry, addressed the Tata group’s leadership and senior management at the Annual Group Leadership Conference (AGLC) held today. The AGLC is held every year on July 29, to commemorate the birthday of former Tata Sons Chairman, JRD Tata. The theme of AGLC 2016 was Leaders 2025, which emphasises the contribution and development of every Tata employee. In his address, Mr Mistry emphasised that “our people are at the heart of the group’s Vision 2025.” The Tata group’s vision for 2025 was first announced by Mr Mistry at the AGLC in 2014. The vision is that by 2025, “25 percent of the world’s population will experience the Tata commitment to improving the quality of life of customers and communities. As a result, Tata will be amongst the 25 most admired corporate and employer brands globally, with a market capitalisation comparable to the 25 most valuable companies in the world.” As part of the Leaders 2025 agenda, Mr Mistry outlined critical enablers which would help the group achieve its Vision 2025: A new leadership competency model, ‘Tata Leaders - what defines us’, outlining key competencies to identify and develop leaders.
• A proprietary Tata Quality of Life (TQoL) framework, developed in-house, built on the foundation of happiness at work, reflecting the group’s long standing commitment to employee wellbeing and fulfilment.
Cyrus Mistry, Chairman of Tata Group
J. R. D. TATA (July 29, 1904 - November 29, 1993) On his 112th birth anniversary, we pledge to continue our journey as a pioneering and successful global organisation, with the community at its heart.
Govind Sankaranarayanan, Chief Operating Officer, Retail Business and Housing Finance, Tata Capital