Snehasraya team being honoured by Lions Club International

Muthoot Snehasraya, an on-going CSR initiative by The Muthoot Group, has been in place since 2014 to work as a care delivery model that helps prevent and treat kidney-related diseases. With Muthoot Snehasraya, the company has been working towards preventing Chronic Kidney Disorders (CKD) by helping with early detection and care, creating awareness amongst the populace, and by providing financial assistance for treatment and dialysis to numerous patients as well.

The Issues Faced Due to CKD

In recent times, India has seen a significant increase in the prevalence of Chronic Kidney Diseases among the population. In fact, CKD has now been recognised as a major health issue, which according to statistics, is estimated to affect 1 out of every 10 persons of the Indian population.

In India, about 175,000 people suffer from kidney failure each year; once kidney impairment has set in, it straight away progresses to End Stage Renal Disease (ESRD) which can only be dealt with via renal replacement therapies like dialysis or kidney transplant. As CKD takes about 10 to 15 years to set in, it is imperative that preventive measures are taken at the earliest.

All these numbers also point to the fact that a majority of the Indian population that suffers from kidney diseases is unable to receive proper treatment either because of financial constraints or because of a lack of proper facilities where they live.

Through the Snehasraya project, The Muthoot Group focuses on healthcare support in the form of expenditure for treatment of cancer, dialysis, and surgeries.

The on-ground team for Project Snehasraya along with the Muthoot mobile unit

The Highlights of Muthoot Snehasraya

Under Muthoot Snehasraya, the company has been conducting blood check-ups and helping create awareness in several districts in South India, enabling early diagnosis as well as treatment for kidney diseases. The geographical reach of this project expands to 14 districts in Kerala and 2 districts (Coimbatore and Tirupur) of Tamil Nadu. 

Phase By Phase

A key part of this project is holding several camps in rural and remote areas that have less access to medical assistance for the same purposes; this may be referred to as Phase 1 of Muthoot Snehasraya which involves the detection of kidney issues and increasing awareness for the treatment and care of such issues.

Thereafter, the second phase of this project targets chronic kidney patients from low-income backgrounds. This will be achieved through Muthoot Finance branches and partner branches to help identify the right people and refer them.

Processes followed under Snehasraya

1) On an average more than 100 blood and urine samples are collected and tested per day in the mobile van. The results are ready on or before 4 pm.

2) The Muthoot Group has tied up with 50 hospitals that can provide free dialysis to the patients. The company pays full dialysis charges to the hospitals. Therefore, these hospitals will not charge any fees from the patients.

The Impact made by Snehasraya project so far

1) Within the period from April 2017 to March 2018: –

2) 293 camps have been conducted in Tamil Nadu and 312 in Kerala.

3) Speaking about the number of patients served, the figures stand at over 28,000 patients in Tamil Nadu and over 36,000 in Kerala.

4) 7746 dialysis have been conducted and a total of 555 dialysis patients have been created.

5) The total expenses made under the Snehasraya project stand at 21.88 lacs in Tamil Nadu, 25.47 lacs in Kerala, and 30.65 lakhs for treatment of dialysis patients.

6) Local organizations and NGOs have approached the Muthoot Group for conducting these camps.

7) Several underprivileged patients have also received financial support from the Muthoot Group to help them deal with renal replacement therapies.

Moving forward

Through its Snehasraya project, Muthoot Group has managed to reach a major part of the financially weaker sections of society and people who are engaged in low-income tasks, providing several patients with assistance in dealing with chronic kidney diseases. At the same time, awareness about kidney diseases has increased.

The Snehasraya project will now be extended to Telangana and Karnataka by 2019. The company looks forward to expanding the reach of the program through the various branches of Muthoot Finance.


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India as a country will be successful not when it is developed but when each and every citizen of this country is financially independent.

To be financially independent, it is of utmost important that each citizen of this country, no matter what caste, creed or status is made a part of the financial inclusion plan.

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The New Finance Minister, Mrs. Nirmala Sitharaman presented her and the Government’s first Union Budget.

General Comments and Proposals:

  1. Stringent Commitment to Fiscal Discipline
  2. Number of patents has tripled in last 5 years
  3. Economy reached $2.7 trillion in last 5 years
  4. India now the 6th largest economy in the world; 3rd best economy in terms of purchasing power
  5. $5 Trillion mark well within our reach
  6. Target to achieve $3 Trillion mark in 2019 itself
  7. Emphasis of MSMEs, Star-ups, Defence
  8. Need to invest heavily in Infrastructure
  9. Major reforms planned to serve the Aam Aadmi
  10. India’s private sector industry aided growth
  11. Gone are the days of policy paralysis
  12. Connectivity is the life grid of economy; dedicated freight corridors in pipeline
  13. Udaan scheme to provide air connectivity; Sagarmala for road, rail, port connectivity
  14. India must enter aircraft financing
  15. Hope to become self-sufficient in aviation
  16. Big metro line push for new India
  17. Push for National Common Mobility Card; multiple transport charges with one inter-operable transport Rupay card
  18. Upfront incentive for producing and purchasing electronic vehicles; providing infrastructure for charging e-vehicles
  19. Need to develop inland waterways; Jal Marg for inland cargo movement
  20. Jal marg terminal in Varanasi operational; jal marg via Ganga to increase 6 fold
  21. 50 lakh crores needed for Jal Marg scheme
  22. One Nation – One grid scheme; will make power sharing more efficient
  23. UDAI scheme for DISCOMs to be improved
  24. Easy, hassle free loan schemes for MSMEs; loans upto 1 crore in 59 minutes
  25. 2% interest subvention for all GST registered MSMEs
  26. Pension for 3 crore retail traders to be extended to ensure social security
  27. Rental laws to be reformed
  28. Proposal to reform KYC for FPIs
  29. Social Stock Exchange under SEBI proposed
  30. Electronic Fund raising platform in process
  31. FDI inflows have remained robust; 54.3 billion USD in last year, 6% increase over last year.
  32. 100% direct FDI will be permitted to insurance intermediaries
  33. Examining scope of opening FDI in aviation and media
  34. Boost to single band retail FDI
  35. Plan to host annual Global Investors’ Meet
  36. India world’s top remittance recipient
  37. Focus on Gaon, Grameen, Kisaan
  38. Ujjwala scheme has been a game changer with unprecedented expansion
  39. Power and LPG to all rural households by 2022 other than those who are unwilling to take
  40. 95 Crore houses to be provided under Awaas Yojana – Grameen
  41. Fishing industry crucial to economy; focus on infrastructure modernisation with robust fisheries schemes proposed
  42. Gram Sadak Yojana Phase-3 to be launched; major boost to all weather connectivity
  43. 125000 kms to be constructed by next 5 years
  44. Cluster based development for productivity; big thrust to traditional industries
  45. Big announcement for farmers; hope to make 10000 farmer groups
  46. Skill 75000 rural entrepreneurs
  47. Ease of business and living must apply to farmers
  48. Back to basics – zero budget farming to return; steps to double farmer’s income
  49. Adequate and clean potable drinking water for all rural households under Har Ghar Jal scheme by 2024
  50. Sustainable water supply management
  51. 60 crore toilets have been constructed since October 2016 under Swacch Bharat Scheme
  52. Over 5 lakh villages have been made open defecation free
  53. Sustainable solid waste management in every village to be included under Swacch Bharat Scheme
  54. 2 crore rural Indians have been made digitally literate
  55. 81 lakh houses with investment of over INR 4.83 lakhs sanctioned under the Awaas Yojana – Urban; over 26 lakh houses already constructed
  56. 95% of all cities have been declared open defecation free (ODF); 100% ODF by 2nd October, 2019
  57. New National Research Foundation to be launched for youth; focus on youth and employment
  58. Major changes for school and higher education envisaged
  59. 3 Indian colleges in world’s top 200
  60. Bid to invite foreign students to India; “Study in India” scheme to be launched
  61. Focus on sports development; launch of “Khelo India” scheme
  62. Industry relevant skill training for youth; over INR 10 million allocated for the scheme
  63. 35 crore LED bulbs distributed
  64. Proposal to streamline multiple labour laws; only 4 basic labour codes to standardise laws proposed
  65. TV channel with program exclusively for start-ups; under the DD bouquet
  66. 3000 crore pension for unorganised labour
  67. Focus on ease of living for residents of new India; focus on clean environment
  68. Big push for women empowerment; gender analysis of budget in place
  69. Aadhaar Card for NRIs on return under 180 days on arrival
  70. Efforts to link artisans to world market
  71. 18 new diplomatic missions in Africa
  72. Digital move to preserve tribal heritage
  73. 17 iconic sites identified to promote tourism
  74. NPAs of banks have reduced by INR 1 lakh crores
  75. Record recovery of INR 4 lakh crores made in last year under insolvency code
  76. Public sector banks to be provided INR 70000 crores recapitalisation to boost capital to improve credit
  77. One time credit guarantee for NBFCs
  78. 100 lakh crore for housing infrastructure
  79. RBI to regulate housing loan finance sector
  80. Will reinitiate disinvestment in select NBFCs
  81. Government resolved to reinitiate disinvestment of Air India
  82. India’s sovereign external debt to GDP lowest among the world at less than 5%
  83. New series of coins of INR 1, 2 5, 10 and 20 easily identifiable to the visually impaired launched in March 2019 to be made available to public use shortly.
  84. 105000 crore disinvestment target for the Government

Direct Tax proposals:

  1. Direct tax revenue has increased by over 78% from INR 6.38 lakh crores in FY 2013-14 to INR 11.37 lakh crores in FY 2018-19
  2. Growing at double digit rates every year
  3. Lower corporate tax rate of 25% extended to companies having annual turnover upto INR 400 crores
  4. The lower corporate tax rate will cover 99.30% of all companies registered in India
  5. Additional deduction of INR 1.50 lakh for interest paid on purchase of electric vehicles; this is apart from the proposal under indirect tax to reduce GST rate on electric vehicles from 12% to 5%
  6. Valuation of Funds raised by start-ups will not require any scrutiny by the Income Tax department
  7. Period of exemption on capital gains for investment in start-ups extended upto end of March, 2021
  8. Additional housing loan deduction of INR 1.50 lakhs over the existing INR 2.00 lakhs for interest paid on purchase of affordable house upto INR 45 lakhs purchased till end of March, 2020
  9. Inter-changeability of PAN and Aadhaar by allowing assessees to file Income Tax returns by just quoting Aadhaar number instead of PAN for those who do not have PAN
  10. Faceless e-assessment involving no human interface to be launched from this year in a phased manner
  11. Central Cell will issue notices electronically without disclosing the details of the assessing officer and this central cell will only be the contact point between the assessee and the assessing officer
  12. TDS @ 2% applicable for cash withdrawals over INR 1 Crore in a year from any bank account
  13. Business establishments with annual turnover over INR 50 crores to provide digital payment options to customers with no charges for customers or the merchants. RBI and the banks to absorb these costs
  14. Surcharge on Individuals having annual income over INR 2 crores and over INR 5 crores of 3% and 7% respectively

Indirect Tax proposals:

  1. Taxpayers having annual turnover of upto 5 crores will be required to file only quarterly returns
  2. Proposal to have only one single monthly or quarterly return
  3. Electronic invoicing system to be rolled out by Jan 2020; will eliminate the requirement for e-way bills


  1. Sanjay Thampy



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