Godrej Security Solutions (GSS), leading security solutions provider has collaborated with private lender ICICI Bank to launch a financial assistance programme for the jeweller’s community of India. GSS is India’s first brand to offer such a programme to help the jewelers community in India and encourage them to invest in new-age security solutions for their store.
The finance programme offers a unique line of credit facility offered to the retail Jewellers of Godrej Security Solutions. The credit facility enables jewellery store owners to invest in Torch and Tool resistant safes that safeguard their assets including precious jewellery, cash, and documents.
Established jewelers can also avail the facility through the local channel partners or sales team of Godrej Security Solutions that will then connect them directly to the ICICI team. The Rate of Interest for this credit facility is 16% p.a. with a low processing fee of 1.5 percent. The loan amount starts at a minimum of Rs 1 Lakh and can go to a maximum of Rs 10 Lakhs.
Pushkar Gokhale, Vice President, Godrej Security Solutions, said, “Godrej Security Solutions has always been collaborating with jewellers of India to help them adopt and upgrade their security solutions. The gems and jewellery sector is one of the largest revenue-generating sectors of India and it is most vulnerable to external threats like robberies and heists. Having worked closely with jewellers, we understand that upgrading security systems would call for a Capex which in these challenging times would be a difficult proposition. Yet is indeed critical as the rising Gold prices would result in the rise in value of jewellery to be stored safely.