Vakrangee Softwares has entered into an agreement with Financial Information Network and Operations, the Mumbai based Smart Card Solution Provider, to combine their complementary skills and expertise for execution of the Rashtriya Swathya Bima Yojana (RSBY) scheme announced by Government of India for the provision of Health Insurance cover to families below poverty line.
The work involves providing software, hardware, networking & deployment of resources for delivery of Smart Card based Health Insurance cover to the families below poverty line in India. The work has commenced for the state of Uttar Pradesh and the Combine is fully geared up to convert similar opportunities in other participating states & Union Territory in India. The expected market size of the Rashtriya Swathya Bima Yojana is more than 1000 Crores and needs to be completed by year 2012.
The company made this announcement after the trading hours on Tuesday, 21 October 2008.
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