Karwar: NISKHA Finance Pvt. Ltd, A RBI approved Non-Banking Financial Company (NBFC) opened its 7th New Branch at Shreeram Complex, First floor, Opp SBI, Banasale, Manki village of Honnavar Taluk on 12th July 2021.
NISKHA Finance Pvt. Ltd., is a subsidiary of Swagat Jewellers managed by Santosh Vernekar and brothers.
The Branch was inaugurated by Sri. Santosh Gajanan Vernekar, a Bengaluru based Businessman and Sri. Shivanand Revankar, the Trustee of Gnyaneshwar Mutt of Manki.
Speaking on the occasion Santosh Vernekar said that the people purchase gold ornaments as an investment along with the purpose of wearing them in festivals and religious functions. Their main purpose of investing in Gold Ornaments is to make a permanent asset, which can be utilized in financial crisis.
But, during the downward trend in the market they do not get the best price for what they have invested.
The main mission of NISKHA Finance is to help people utilize their gold without having to sell it in the market at lower rates.
NISKHA Finance provides loan against Gold Ornaments at a very low Rate of Interest of 0.92% per month.
Vernekar and Brothers have grown their traditional business of Gold Jewellery that they had inherited from their ancestors and are well known in Uttar Kannada district. Their grandfather Late Shri Shivram Shet well known in Sadashivgad was in business and social works.
After several years in manufacturing sector they started a retail jewellery business company in the name of Swagat Abharan Pvt. Ltd popularly known as Swagat Jewellers which has now expanded their reach upto Malleswaram Bengaluru.
NISKHA Finance is also planning to open more branches in Uttara Kannada district to serve the needy public.
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