October 3, 2022

Mumbai: Spice Cash, India’s main rural fintech, introduced at the moment the launch of a first-of-its-kind zero-investment entry programme that permits rural entrepreneurs to be part of the Spice Cash Adhikari community fully freed from value. The restricted interval zero-investment programme will form Spice Cash’s imaginative and prescient to digitally and financially empower 1 crore rural entrepreneurs throughout the nation, and strengthen the corporate’s digital funds ecosystem in semi-urban and rural areas.

Through the latest Union Funds, the FM shared authorities’s goal to concentrate on digital funds. Spice Cash aligns with this imaginative and prescient and bolsters it by permitting larger entry to digital funds in semi-urban and rural areas.

The zero-investment entry programme allows migrant staff, kirana retailer homeowners, jobseekers, recent graduates, housewives and others to affix the Spice Cash Adhikari community and safe self-employment and different livelihood alternatives of their hometowns. At current, over 65% of 5 lakh+ Adhikaris on Spice Cash’s community are under 30 years, a lot of them budding entrepreneurs in their very own rights.

Spice Cash Founder Dilip Modi stated, “The zero-investment entry programme will encourage the Indian youth in semi-urban and rural Bharat to grow to be Spice Cash Adhikaris without charge. The programme will increase the Spice Cash community and provide important digital monetary and e-retail providers to the unbanked and underserved communities, particularly in distant components of the nation. The initiative is yet one more step in our efforts to safe India’s digital and monetary future by supporting younger entrepreneurs to earn their very own silver by means of their very personal ‘Digital Dukan’.”

Actor-philanthropist, Sonu Sood who has lately partnered with Spice Cash stated, “Spice Cash’s technological experience and digital infrastructure helps me fulfil my imaginative and prescient of socio-economic independence for all Indians, notably these dwelling in much less developed areas. As I’ve witnessed the struggles of 1000’s of migrant staff through the lockdown, it’s time to come ahead and assist the much less privileged earn their very own livelihood within the cities and villages the place they reside – ‘Humein har gaon ko digitally saksham banaana hai’. Via Spice Cash’s revolutionary no-cost enterprise proposition, I’m assured that we will efficiently attain out to numerous individuals dwelling in semi-urban and rural areas, and assist fulfil their aspirations to grow to be self-reliant and masters of their very own destinies.”

Through the pandemic-induced lockdown, numerous migrant staff and different rural individuals had been left stranded, jobless and with none monetary means. Spice Cash and actor-philanthropist Sonu Sood got here collectively to alleviate their woes by creating entrepreneurial alternatives – by means of the tagline ‘Spice Cash toh Life Bani’ – and offering them an entrepreneurial platform to supply digital and monetary providers. The zero-investment entry programme is a leap in direction of attaining that aim.

Aside from the zero-investment programme, Spice Cash can also be waiving off the rental charges for all present and new Adhikaris to encourage them to proceed their journey of entrepreneurship and self-reliance. To additional speed up its imaginative and prescient of monetary inclusion, the corporate has launched an initiative the place Adhikaris (entrepreneurs) will get the corporate’s micro-ATM or ‘Mini Magic’ gadgets at efficient zero value. The transfer will help in direction of strengthening the ATM infrastructure within the nation, particularly in rural areas.

Spice Cash has been engaged on a war-footing to increase monetary inclusion throughout the nation protecting 18,000-plus pin codes, over 700 districts and 5,000+ blocks.

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