Mahindra Finance Prarambh Program: Empowering Women for a Rewarding Banking Career in 2025
Mahindra Finance Prarambh Program: Empowering Women for a Rewarding Banking Career in 2025
India’s financial sector, a $465.1 billion powerhouse, is witnessing a surge in opportunities for women, with over 1.5 lakh banking jobs projected for 2025. The Mahindra Finance Prarambh Program, in partnership with Manipal Academy of BFSI and SRM School of Banking, is a transformative initiative designed exclusively for women, fostering diversity and inclusion in the banking, financial services, and insurance (BFSI) sector. Offering a pathway to roles like Business Executive and Collection Executive with salaries up to ₹4.7 LPA, this program equips women with skills, mentorship, and job placement. This blog explores the Prarambh Program’s structure, benefits, eligibility, and application process, with insights from Eduooze Skill Institute, a trusted training provider with over 7,000 placements.
What is the Mahindra Finance Prarambh Program?
Launched in February 2024, the Prarambh Program is a women-centric initiative by Mahindra & Mahindra Financial Services Limited (MMFSL), a leading non-banking financial company (NBFC) with over 9.5 million customers and an AUM of $11 billion. Partnering with Manipal Academy of BFSI and SRM School of Banking, it aims to create a diverse, equitable workplace by training women for roles in sales, finance, and collections. The program offers a one-month online certification course, a provisional offer letter (POL) from Mahindra Finance, and comprehensive job perks, making it an ideal entry point for women seeking careers in BFSI.
Eduooze Insight: “The Prarambh Program is a game-changer for women, combining skill-building with guaranteed job placement,” says Bhavna Rohera, Banking Trainer.
Source: Mahindra Finance Prarambh Program – mahindrafinance.com
Key Features of the Prarambh Program
Program Structure
- Duration: 1 month (online training, 4 hours daily for SRM track).
- Curriculum: Advanced sales training, customer relationship management, financial product knowledge, and compliance (e.g., KYC/AML).
- Certification: Sales certification from Manipal Academy of BFSI or SRM School of Banking.
- Provisional Offer Letter (POL): Guaranteed job offer upon training completion.
- Job Roles:
- Business Executive: Evaluate retail proposals, craft business plans, and achieve sales targets (CTC up to ₹4.7 LPA).
- Collection Executive (SRM track): Conduct field investigations, ensure collections, and manage overdue accounts (₹3.5 LPA + incentives).
Program Tracks
- Manipal Academy of BFSI Track:
- Focus: Sales and business development.
- Program Fee: ₹42,000 (taxes extra), with 30% refund after 6 months, 30% after 1 year, and 40% after 2 years.
- Salary: ₹3.5 LPA + incentives.
- SRM School of Banking Track:
- Focus: Sales and collections, requiring a 2-wheeler license and vehicle access.
- Program Fee: ₹35,400 (including 18% GST), payable in full or installments (₹10,000 admission, ₹25,400 program fee).
- Salary: ₹3.5 LPA + incentives.
Source: Manipal Academy of BFSI – mahindrafinance.manipalbfsi.com; SRM School of Banking – srmsb.com
Why Choose the Prarambh Program?
The Prarambh Program stands out for its focus on empowering women, offering unique benefits tailored to their needs:
- Women-Centric Design:
- Exclusively for women, addressing India’s demographic dividend by fostering gender diversity.
- 40 candidates in the first batch (February 2024) successfully placed as Business Executives.
- Quick Salary and Job Security:
- Start earning a salary after one month of training.
- POL ensures job placement upon course completion.
- Comprehensive Benefits:
- Health: Group Mediclaim (₹3.5 lakh), Accident Policy (₹7 lakh).
- Maternity Support: Crèche allowance (₹7,000/month metro, ₹5,000 non-metro), maternity transition program (6 months flexible work), travel reimbursement (last 2 months of pregnancy).
- Women@Work Perks: Upgraded hotel stays, cab reimbursement for late hours, wellness leave (2 days WFH/month for head/regional offices, 1 day leave for branches).
- Career Growth:
- Roles like Business Executive lead to promotions (e.g., Area Business Manager) within 3–5 years.
- Mahindra Finance’s network of 1,386 offices offers diverse opportunities across 3.8 lakh villages.
- Skill Development:
- Training in sales, customer service, and digital platforms (e.g., Finacle).
- Mentorship from industry experts at Manipal and SRM.
Source: Prarambh Program Details – bfsi.eletsonline.com
Eligibility Criteria
Manipal Academy Track
- Graduate with 50% marks in 10th, 12th, and graduation.
- Age: 28 years or younger.
- Women candidates only.
SRM School of Banking Track
- Graduate with 50% marks in 10th, 12th, and graduation.
- Valid 2-wheeler driving license and access to a 2-wheeler.
- Age: 28 years or younger.
- Regional language proficiency and basic English knowledge.
- Awareness of local culture and trends.
Source: SRM School of Banking – mahindrafinance.com
Application and Selection Process
- Application:
- Register online at mahindrafinance.manipalbfsi.com or mahindrafinanceprarambh.srmsb.com.
- Pay ₹100 application fee (non-refunded, for assessments).
- Deadline: Batch 9 closes on July 31, 2025 (Manipal track).
- Assessment:
- Level 1 (Written Test): Verbal Ability, Analytical Ability, Numerical Ability, Written English, Listening Comprehension.
- Level 2 (Interview): Online panel interview with Manipal/SRM and Mahindra Finance.
- Batch Onboarding:
- Receive POL upon clearing the interview.
- Pay 50% of program fee (e.g., ₹21,000 for Manipal track) to secure a seat, balance within 7 days of training start.
- Training:
- One-month online course with industry-leading faculty.
- Focus on sales, customer service, and compliance.
- Placement:
- Join Mahindra Finance as Business Executive or Collection Executive upon passing assessments.
Eduooze Support: Guidance on applications, test prep, and interview role-plays.
Source: Registration Process – mahindrafinance.manipalbfsi.com
Key Skills Developed in the Prarambh Program
- Sales and Customer Service:
- Craft business proposals, handle client inquiries, and achieve sales targets.
- How to Develop: Practice 3–5 sales pitches during training.
- Financial Knowledge:
- Understand retail proposals, KYC/AML, and Mahindra’s products (e.g., vehicle loans).
- How to Develop: Study banking basics via Eduooze’s PGCRB.
- Field Investigation (SRM Track):
- Conduct due diligence and ensure collection efficiency.
- How to Develop: Simulate field scenarios in training.
- Digital Proficiency:
- Use digital platforms for documentation and reporting.
- How to Develop: Learn tools like Finacle through Eduooze workshops.
- Communication and Teamwork:
- Engage with dealers and customers, report to Area Business Managers.
- How to Develop: Practice group discussions and role-plays.
Eduooze Support: PGCRB covers sales, fintech, and communication skills.
Source: Prarambh Job Description – mahindrafinance.com
Roadmap to Success in the Prarambh Program
- Pre-Application (1–2 Weeks):
- Research the program on mahindrafinance.com.
- Ensure eligibility (graduate, age ≤28, women only).
- Prepare documents: 10th/12th/graduation marksheets.
- Application and Assessment (2–4 Weeks):
- Submit online application with ₹100 fee.
- Practice 50 aptitude questions daily (20 Verbal, 15 Numerical, 15 Analytical).
- Prepare for interviews: 5 behavioral questions (e.g., “Why join Mahindra Finance?”) using STAR method.
- Eduooze Support: 1,000+ mock questions and interview prep.
- Training Phase (1 Month):
- Attend online classes (4 hours/day for SRM track).
- Complete assignments and pass assessments.
- Pay remaining program fee within 7 days.
- Placement and Career Start:
- Join Mahindra Finance as Business/Collection Executive.
- Leverage perks like maternity benefits and wellness leave.
- Aim for promotions (e.g., Area Business Manager in 3–5 years).
Timeline: Application (1 month), Training (1 month), Placement = 2–3 months total.
Source: Prarambh Program Overview – cxotoday.com
Challenges and Solutions
- Program Fee Affordability:
- Challenge: ₹35,400–42,000 fee may be a barrier.
- Solution: Manipal track offers phased refunds (30% after 6 months, 70% total after 2 years); SRM track offers loan facility via Mahindra Finance.
- Competitive Selection:
- Challenge: High applicant volume for limited seats (e.g., 40 per batch).
- Solution: Excel in aptitude tests and interviews with Eduooze’s PGCRB prep.
- Fieldwork Requirements (SRM Track):
- Challenge: Need for 2-wheeler and license may limit applicants.
- Solution: Ensure access to a vehicle or opt for Manipal track.
Testimonial: “Eduooze’s mock tests and interview prep helped me ace the Prarambh Program’s selection, landing a ₹3.5 LPA role at Mahindra Finance!” – Priya S., Bengaluru, 2025.
Why Choose Eduooze Skill Institute?
- PGCRB Program: Prepares candidates for Prarambh’s aptitude tests, interviews, and sales training.
- Mock Tests: 1,000+ questions for Verbal, Numerical, and Analytical skills.
- Workshops: Focus on sales pitches, KYC compliance, and fintech tools.
- Job Fairs: Connect with Mahindra Finance recruiters.
- Certifications: PGCRB enhances employability for BFSI roles.
- Contact: 9142465110 or www.eduooze.com.
Conclusion
The Mahindra Finance Prarambh Program is a transformative opportunity for women to launch rewarding careers in BFSI, offering salaries up to ₹4.7 LPA, comprehensive training, and unmatched benefits like maternity support and wellness perks. With partnerships from Manipal Academy and SRM School of Banking, it equips candidates with sales, financial, and digital skills for roles like Business Executive. By leveraging Eduooze Skill Institute’s PGCRB for test and interview prep, women can navigate the competitive selection process and secure a bright future with Mahindra Finance. Apply by July 31, 2025, to join Batch 9 and kickstart your banking career!
Call to Action: Excel in the Prarambh Program with Eduooze Skill’s PGCRB! Call 9142465110 or visit www.eduooze.com to enroll for 2025.
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