December 8, 2022


Opinions expressed by Entrepreneur contributors are their very own.

Rural fintech Spice Cash on Thursday introduced 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 price.



Spice Cash

The restricted interval zero-investment programme has been mentioned to form the corporate’s imaginative and prescient to digitally and financially empower one crore, rural entrepreneurs, throughout the nation, and strengthen the corporate’s digital funds ecosystem in semi-urban and rural areas.

Through the latest Union Finances, the finance minister shared the federal government’s goal to deal with digital funds.

The platform claims to be aligned with this imaginative and prescient and bolsters it by permitting better entry to digital funds in semi-urban and rural areas.

“The zero-investment entry programme will encourage the Indian youth in semi-urban and rural Bharat to develop into Spice Cash adhikaris for free of charge. The programme will develop the Spice Cash community and supply important digital monetary and e-retail providers to the unbanked and underserved communities, particularly in distant elements 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 way of their very personal Digital Dukan,” shared Dilip Modi, founder, Spice Cash.

The zero-investment entry programme allows migrant employees, kirana retailer homeowners, jobseekers, contemporary graduates, housewives and others to affix the platform’s adhikari community and safe self-employment and different livelihood alternatives of their hometowns.

At current, over 65 per cent of greater than 5 lakh adhikaris on its community are beneath 30 years, a lot of them budding entrepreneurs in their very own rights.

“Spice Cash’s technological experience and digital infrastructure helps me fulfill my imaginative and prescient of socio-economic independence for all Indians, significantly these residing in much less developed areas. As I’ve witnessed the struggles of hundreds of migrant employees in the course of 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’. By means of Spice Cash’s modern no-cost enterprise proposition, I’m assured that we will efficiently attain out to a lot of individuals residing in semi-urban and rural areas, and assist fulfill their aspirations to develop into self-reliant and masters of their very own destinies,” commented Sonu Sood, actor-philanthropist, who has not too long ago partnered with Spice Cash.

Through the pandemic-induced lockdown, a lot of migrant employees and different rural individuals have been left stranded, jobless, and with none monetary means. The corporate got here along with Sood to alleviate their woes by creating entrepreneurial alternatives – by way 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 reaching that purpose.

Other than the zero-investment programme, the corporate 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 entrepreneurs will get the corporate’s micro-ATM or “Mini Magic’ units at efficient zero price, mentioned the assertion.

The transfer will help in strengthening the ATM infrastructure within the nation, particularly in rural areas.

The fintech platform has been engaged on a war-footing to develop monetary inclusion throughout the nation overlaying greater than 18,000 pin codes, over 700 districts, and greater than 5,000 blocks.



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