: PayNearby introduces ‘zero investment plan’ for women entrepreneurs; commits to sustainable livelihood for families and onboard 10 lakh+ women entrepreneurs by FY23-24 #IndiaNEWS #Business This

PayNearby introduces ‘zero investment plan’ for women entrepreneurs; commits to sustainable livelihood for families and onboard 10 lakh+ women entrepreneurs by FY23-24 #IndiaNEWS #Business
This Independence Day, celebrates financial independence for rural women
Mumbai, 12 August, 2022: On the occasion of the 75th Independence Day, PayNearby, India’s leading branchless banking and digital network, has announced the launch of ‘zero investment plan’ for women entrepreneurs at the last mile, across 20,000+ PIN codes. This comes as an extension of its Independence Day campaign, Pragati Mahotsav, which celebrated the contribution of its retail partners. In addition to accelerating the national vision of financial inclusion for all, this initiative aims to build financial independence among rural women of India by waiving off business account opening fees and thereby inspiring women at the last mile to join the nation building movement. The company aims to on-board 10 lakh+ women entrepreneurs by FY23-24.
With Sashakt Naari, Sashakt Samaaj, Sashakt Desh at its core, the Women Sustainable Employment campaign looks to ensure that every household in India has a woman financially capable of taking care of her family and thus create an empowered society and an empowered nation. PayNearby’s ‘zidd’ is to upskill all women and bring them up the employment curve so that they contribute equally to the growth of the economy, to build a more inclusive and sustainable society.
Commenting on the development, Anand Kumar Bajaj, Founder, MD & CEO, PayNearby, said, “A country progresses when its women become equal participants in the progress. While the pathway to women’s enablement are many, one of the most important facilitators is financial empowerment. It is important women have access to digital and financial tools that give them better control over their earnings and savings. With women as our partners, it will ensure seamless delivery of accessible banking services to every section of the society while uplifting their social standing.
The path that we have undertaken towards the Sashakt Naari, Sashakt Samaaj, Sashakt Desh mission is challenging. But then, the path to a greater good is always riddled with challenges. We believe that women are key to social change and PayNearby is extremely honored to be driving this Sustainable Employment campaign to help them realize their potential in creating a sustainable future. We would like to welcome all Self-Help-Groups and other like-minded institutions to join us in this journey, so that we can maximize the reach of this campaign and empower as many women as possible. We want to empower at least 10 lakh+ women within the next 1 year with steady income opportunities so that they become the harbingers of change, and we are giving them the tools to make India an inclusive and stronger nation.

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