Conferred with the India Achievers Awards for Most Promising Startup and Under 30 Rising Entrepreneur Award Organized by Business Mint, Hyderabad Resident and ‘COINE ’Founder Manikanta Racharla, (Telangana )is evolving in his career in 28 states and 630 cities across India merely at the age of 30, by being accessible through Mobile App ,there has been a ray of hope among many who were denied loans by banks due to lack of CIBIL scores and documents. In a special conversation with Dinesh Anand on Zoom Call, Manikanta shared that our company works exclusively for people coming under the Blue-Collar Workforce who are either daily-wagers or with meagre salary or are Self-employed. We know that people who earn 15-20 thousand monthly are worried in the gap between their first & second salary and its not possible for them to take loan from bank at low interest rates because they can’t either fulfill the criteria or lack the required documents. Manikanta further says that due to the high interest rates of money-lenders ,thousands of people have become homeless or have been forced to commit suicide and in such a scenario , we have come forward as hope for the needy. While responding to a question asked on the procedure of granting loan , Manikanta reveals that we do not demand any kind of security or collateral from those applying for loan , but only do KYC i.e PAN and Aadhar Card is taken from the Applicant concerned and after approval ,we issue a virtual credit card. The minimum limit of the loan given to the applicants coming under Blue Work Force is one thousand and maximum up to 30 thousand and monthly interest rate is up to 0.1 %. As per the Experts, the loan process in COINE is quite simple ,if the Applicant is applying for the first time ,this process takes 2-3 hours and if he has taken the loan in the Past ,it gets executed at faster pace. The Founder of COINE says that if someone has repaid 20 thousand rupees by taking a loan of 30 thousand , then he scores more than 750 CIBIL score and now if he wants to take more loan ,bank readily offers the same.