Empowering our domestic staff to take charge of their financial future
Many of us employ domestic help in India and we depend on them to help run our lives smoothly. We pay them a salary which they use to meet their expenses and that of their extended family. Today, their children do not have access to quality higher education. According to the report by the National Sample Survey Office (NSSO), 32 million India children have never attended any school, the majority of them belonging to socially disadvantaged class (2014).
We at Raya are strongly committed to help domestic staff plan their future particularly in giving their children access to a modern higher education.
We reach out to potential employers, housing societies, schools, etc. with an objective of starting SIPs for drivers, maids, teachers, etc.
Educating about SIP:
We will educate domestic help, teachers etc. on the benefits of investing in Mutual Fund.
KYC & Onboarding:
Our partner will explain them about KYC process and documents required to start an SIP.
Funding the SIP:
Funding to be determined basis the discussion between the employer and his domestic help.
Starting the SIP:
Co-ordinate with the mutual fund partner to start the SIP.
What Raya Can Help Your Staff with
They can now save their hard earned money which can be used in times of financial distress. Creating a safety net that can be used to meet unanticipated expenses like illness is what RAYA aspires to help with.
To educating children of domestic help across India
To partner with employers across India to support education of their domestic help
To educate domestic help in India about an alternative method of saving