Category: Business motivation

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Business motivation

Motivational Quotes That Will Inspire You To Dream Big

What does a good motivational quote do to you? A good motivational quote possesses the power to make you dream big, to achieve something in your life, and to make a difference to this world. A good motivational thought serves as food for your brain that gives it an instant rush to get up on your feet,  fulfil your dreams, and conquer the world.

 

We understand the effect and importance of the adrenaline rush a motivational thought gives to a budding entrepreneur and hence we bring to you some of these thoughts from the leadership around the world to light the fire within you! Stay with us for some inspirational quotes that will surely tug at your heartstrings.

“Genius is 1 percent inspiration, and 99 percent perspiration.” — Thomas Edison

Our very own Thomas Alva Edison cracked the code for us in this very inspirational thought that sheds light on the importance of consistency and hard work. Many times, even after finding a mind-blowing business idea, we fail to make a mark. Have you ever thought, why does that happen? A major reason behind this is the lack of hard work that is required to execute that amazing idea. Always keep it in the back of your mind that a great idea in itself isn’t sufficient to drive amazing results, the recipe calls for equal amounts of hard work, dedication, and uniqueness.

 “Change the world, or go home.” –Bill Gates

Bill Gates does not need an introduction. The work he has done, the goals that he has achieved, the lives he has changed, are testimonials for how big a life he has led till now. Bill Gates always emphasizes on doing something with the help of which you can bring a change to this world. Ordinary isn’t an option for him. He has always been able to bring game-changing reforms and knows how to effectively increase the scale and magnitude of the impact he makes in many powerful and inspiring ways.

“A person who never made a mistake never tried anything new.” — Albert Einstein

Can you deny falling on your face while trying to learn how to walk when you were little? No, right? It is important to understand that making mistakes is a part and parcel of the process of you meeting your ultimate goals and learning constantly throughout your life. Nobody is born perfect. It is something that is achieved with years and years of hard work and perseverance. While it is okay to make mistakes, avoid making the same mistakes again and again and make room for new ones. Don’t be afraid of trying something new just because the fear of failure is paralyzing you every other second. These failures are yours to experience, learn from, and work upon. So, embrace failures and hit the road again that takes you to your dreams!

“Formal education will make you a living; self-education will make you a fortune.” — Jim Rohn

How many of you agree with the thought that learning and developing is a lifelong process? We assume many of you do agree! In our knowledge-based economy that is changing its shape and form every now and then, it is highly advisable to invest in self-education. We all have experienced at some point in our lives that the experience you gain over years doing something that you love can dominate those flimsy certificates any day and rightfully so.  It’s for you to decide what kind of knowledge do you need the most to succeed and how do you plan on gaining it. All in all, believe in the power of going out there and do what you want to do. Do it, learn from it, do it even better the next time, and never stop learning.

We hope these powerful and motivational thoughts that have been derived straight from the life experiences from brilliant minds around the world have left you all energized and pumped to go for your dreams and live the hell out of them.

 

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Business motivation Strategy

5 Incredible Tips For Entrepreneurs For Success

कौशल विकास प्रशिक्षण
कौशल विकास प्रशिक्षण

As you gear up to restart your business in Unlock, every new business owner is nervous and excited at the same time. Entrepreneurship is not an easy cakewalk. It requires a lot of patience, motivation, hard work, and focus. Every entrepreneur treats his idea as a child, which he develops with a full heart.

But we always wonder what qualities or mindset, one needs for being a good entrepreneur. Starting a new business is going to take everything you have got to make it successful. You have a great idea, a strong work ethic, and determinations are two things you will require it most. So, we are here for all the new and old entrepreneurs who want to kick start their business or startup in this unlock with great tips that can help excel your business.

Learn Something New Everyday

Learning will always help you to keep your mind fresh, and knowledge will sharpen your skills. So, start to dedicating your time to learning new things. Running a business is a Tuff process with everyday new additions, which means you need to be updated and well-skilled to face new challenges.

Learning will help you to create new ideas and come up with new innovative answers to your challenges.

Passion The Success Key

Passion is one thing that keeps you going, as it motivates you to face the obstacles. The thing you do without being passionate it bores you up soon, and in the end, you lose interest in it. Without passion, entrepreneurship will turn your business into another job, which you do only to cover your bills.

So being a successful entrepreneur, you need to fire the passion inside you and work hard on your idea and their business. As an entrepreneur, you need to sacrifice, and if you love for your work will give you the enthusiasm and the motivation for success. That’s why its said passion is the success key.

Strengthen Self-Confidence

It is an old saying that you must believe in yourself! Self-doubt is the biggest challenge in any entrepreneur’s life and which they try to overcome. As a human, to self-criticize, and this makes us doubting our idea.

Self- doubt limits the entrepreneur mindset that keeps them to showcase full potential. Developing self-confidence will help you create and work hard more freely, but it will inspire people to work harder and believe in themselves.

Start Challenging Yourself

Challenges are something that helps you to grow and learn at the same time. For every successful entrepreneur, they have to challenge themselves. Nobody can push you to face the need to face it yourself.

As an entrepreneur, you need to be quick and on your toes. Being an entrepreneur, you always have to be prepared for the next challenge.

Take Baby Steps

Making an empire and being a successful entrepreneur can be daunting. It is tough, but not impossible, so we have a solution for it that, is to break it down and takes baby steps.

Once you have broken it down, take them one at a time. Once you start doing that, you will realize you have crossed half mountain. With courage and perseverance, baby steps will take you towards becoming a successful entrepreneur.

Being an entrepreneur, you need to make sure you have a good sleep it will rejuvenate and boost your immune system. Success in business doesn’t expect overnight success. As we have demonstrated only four tips, you have to take a long-term strategy and take baby steps until it becomes a success.

 

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Business motivation

Top Future Business Ideas: 4 Unique Ideas That Will Work In 2020 And Beyond

बिजनेस बढ़ाने के टिप्स
बिजनेस बढ़ाने के टिप्स

The present is where you learn about the opportunities, the future is where you make those opportunities your reality! We all know that most of the startups are shut down in their nascent stage but are not really aware of the reasons behind it. The primary reason is the sheer lack of creativity and artistic approach. 

Through this piece of news, our intention is very clear and that is to introduce you all to some of the business ideas that possess very high potential to become successful in the future. If you are among those many others who are trying to identify Future Business Ideas, this article can help you to identify them. 

What Is A Future Business Idea?

Before taking you aboard, we want to have you a clear understanding of what a future business idea actually means? Think about what all is required to make a business thrive other than just sufficient capital and efficient management. We also did some thinking and found out that staying up to date with the current and future business trends is what makes all the difference and this is the main focus of our article.  Our main focus is to help you build a futuristic approach to figure out what business idea could work the best for you in the near future.

Help Them Bridge The Gap With The Last-Mile Delivery

Ever heard about this service? Not many have, and that’s good news for you. This is a very essential service that the delivery companies these days subscribe to as it helps them make deliveries possible to the remote and rural areas where they generally can not reach. If logistics is something that might be of interest to you, you can try your hand at it by setting your warehouses on the outskirts of a few cities of your choice. 

The Sun-tastic Idea Of Solar Energy Setup

It is no breaking news that India is a hot country with a lot of sun exposure. The way we have utilized this amazing source of energy has been extremely underwhelming. Nonetheless, these days people are getting aware of the fact that with the help of solar panels they can generate electricity in abundance with little to no help required from anybody else. The way you can encash this opportunity is by helping them provide the equipment and set it up accordingly. It’s a business that has a lot of potential to flourish in the future!

The Co-Working Space, Because Sharing Is Caring

Do you know how much it costs to rent an office all by yourself? We are pretty sure it would burn a hole in the pockets of many as it’s not everybody’s cup of tea to afford to spend that much on rent! This is the reason why co-working spaces are getting popular these days and will continue to experience the surge! So, take our word, the future is bright here.

It Is A Win-Win Situation With Business Outsourcing

It has become a trend or more of a need to minimize the operational cost of your business to maximize the profit without compromising with the quality of work. Like the way necessities have been giving birth to the invention since ages, businesses have also found a way out by outsourcing service from someplace affordable. Businesses these days, rather than hiring local full-time employees, are preferring freelancers to get the work done. These freelancers are mostly from developing countries, where the resources are extremely cost-effective. So, if you are a  skilled freelancer, you can start offering virtual service by helping them expand their business.

We’re are sure you all are as excited as we are about all the possibilities that are yet to be explored. Just have an open mind, look around for some inspiration, do some research, and you will not be far from landing the dream business idea that will surely change your life!

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Business motivation Strategy

Bada Business ‘Retail Ka Mahakumbh’ 2020 Live Streaming: Watch Dr Vivek Bindra Share His Business Expansion Strategies During World’s Largest Webinar on Sept 27

Bada Business Retail ka Mahakumbh. (Photo Credit: Bada Business)
Bada Business Retail ka Mahakumbh. (Photo Credit: Bada Business)

Mumbai, September 26: The virtual event of Bada Business’ ‘Retail Ka Mahakumbh’ is all set to begin virtually on Sunday, i.e. on September 27. This is touted as the world’s largest webinar and will be held for a duration of 1.5 hours from 12 noon to 1.30 pm. Bada Business founder Dr Vivek Bindra will guide the event attendees on how to expand their business in the time of economic crisis and COVID-19 pandemic. The event will be broadcast live on Youtube. Interested entrepreneurs and budding professionals can watch the live session at Dr Vivek Bindra YouTube channel.

The event is free for anyone who is keen to gain knowledge that would be imparted by Dr Vivek Bindra during the live session of the virtual event — ‘Retail Ka Mahakumbh’ on September 27. Dr Bindra is considered as one of the top motivational speakers of India and is an inspirational Pathfinder to various high-profile entrepreneurs. All those who are keen to attend the live session of ‘Retail Ka Mahakumbh’, can register at the official portal of Bada Business.

Here’s the Live streaming link:

About Bada Business and Dr Bindra:

Dr Vivek Bindra is Asia’s No.1 motivational speaker and business coach. He is an international motivational speaker, leadership consultant and business coach. He has also been awarded honorary PhD degree. Dr Bindra founded Bada Business (BB) with the vision to empower Indian entrepreneurs & MSME businessmen and businesswomen with the knowledge, skills and network to grow their enterprise. BB offers a world-class education in Hindi language and offers in-depth problem solving for entrepreneurs with its problem-solving courses.

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Business motivation

Emergency Credit Line Guarantee Scheme: What is ECLGS? Are You Eligible? Know All About It

निर्यात कारोबार
निर्यात कारोबार

MSMEs have emerged as the backbone of our economy and no one can deny this. This sector contributes heavily to the GDP and has been actively providing livelihood to many. Due to the ongoing pandemic, this backbone has been hurt quite badly. Considering the current misery of the MSMEs, the government came into action and introduced new schemes and policies that could help these businesses stay afloat.

One such Scheme is ECLGS which stands for Emergency Credit Line Guarantee Schemes which has been introduced by the government to ensure the reinforcement of the financial structure of the micro, small, and medium enterprises across the nation.

What Exactly Is ECLGS?

On the 15th of May,2020, our ministry of finance announced a scheme with a vision to help the MSMEs of India get back on their feet. This scheme was a part of the Rs 20 lakh crore package that was brought forward and executed by our finance minister Nirmala Sitharaman to repair the damage that has been done to this sector in the light of COVID-19.

Are You Eligible?

To avail the said scheme, a Business should have total outstanding credit adding up to Rs.25 crore as of 29th February 2020. Also, the borrower should be able to prove that their business has produced a turnover of Rs 100 crore for the financial year 2019-2020.

 

  • To reap the benefits of the said scheme, a business must be recognized as a trust, partnership, proprietorship, registered company, or limited liability partnership.
  • The Scheme will be available only for existing customers on the books of the MLI.
  • For a seamless execution, enterprises are supposed to be ready with all the GST registration paperwork as well as other business-related documents. However, businesses that do not require GST registration, can also go forward applying for the same.

What About The Rate Of Interest?

Based on the body that is providing you the loan, the rate of interest would vary. We have mentioned below a bifurcation of the various rates of interests at which the loan will be sanctioned to the eligible MSMEs and enterprises.

 

  1. Non-Bank Financial Company: NBFCs have decided to give out loans under ECLGS scheme at an interest rate of 14% per annum and are very strict about not passing the threshold.
  2. Banks And Financial Institutions: The interest rate under the scheme is capped at 9.25% per annum for banks and financial institutions.
  3. MLI (multilateral Institutions): A sigh of relief for the existing customers of MLIs as no fee is to be charged to them.

Don’t Miss Out On These Details

  • All the businesses/borrowers that are thinking to apply for loans under the respective scheme must know that there is a 1-year moratorium on the principal amount that you will have to repay.
  • If you don’t repay the entire principal amount within the moratorium period, the rest of the amount will have to be repaid in the overall tenure of 3 years dividing it into 36 monthly installments.
  • Please be wary of the fact that the borrower will have to open a separate account for this loan altogether. The borrower will not be allowed to use any account that has been opened and already used to serve other purposes.

This scheme has the right potential to help out the MSME sector put an end to their misery and regain financial stability. All in all, the government has taken the necessary step to fill the gaps, now it’s up to the MSMEs if they want to grab the opportunity to strengthen and solidify their position in the market. 

 

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Business motivation

Business Development Tips for Successful Business

एमएसएमई पंजीकरण
एमएसएमई पंजीकरण

Learn, Grow, and Get Success. Any company growth and value depend on business development strategies. Though, when you ask different people about business development, you likely to get n number of answers which vary from each other. That’s due to the role of business development develops along with the company growth and size.

But this is also true that business development can be one of the quickest ways to grow any business. It majorly requires focus, planning, and understanding about your company. When we talk about organizational growth, business development functions as the thread which ties together and helping a business to expand and improve its sales, revenues, and brand awareness.

We have mentioned a few tips for business development, which will guide you to hit the ground running.

Competition Understanding

Knowing the name of your competitors is not enough for you and your brand. With this, you need to evaluate and understand what they are offering. Why it’s important to know? That will help you to differentiate yourself from them. Analyze and apply what can make you stand out in the crowd.

Customer Is Everything

Creating products, or services that sell faster it is possible if only you know the needs of your customer and understands what they are expecting. Taking feedback is utterly significant, for improving the product or services. Plus, it helps you know to understand what is needed for improvement.

Building Trust and Adding Value

One most crucial factor to remember, don’t act like you want to earn money from them instead of it, winning the heart of your customer. Growth of business can happen by adding value to every relationship you build with your old and new customers.

This mindset and strategy, build trust and goodwill, which are your calling card for business development. But building trust takes time as a customer believes how you represent your brand and speaks through it.

Don’t Let Your Website Slip

Is your website updated as per the current time? It’s not wrong to say the maximum of your customer may start with your website before buying your product. The less attractive website certainly, results in missed opportunities for gaining a new customer.

If we talk about the content of your website, it should contain all information about your brand with full details of your product and services. Don’t forget to acknowledge your new visitor who visits your website with rewards. You can call this passive way to implement for business development it’s better for your brand, and it doesn’t cost you much.

Stay up to date

Time change with that pace changes, especially online. You need to complete up to date, with the change of time and developments for keeping yourself ahead of the competition. The customer follows the trends and looks for something new if you don’t update yourself, then, there is no freshness in your brand.

Business development is a significant component of any business growth. We placed out some crucial and easy to apply tips, that can be implemented easily, and help you to grow. Handle one problem at a time and continuously implement strategies to build your company, you’ll get the results you want.

 

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Business motivation

Small But Smart: 4 Business Ideas for Starting Small To Go Big

A business might be small but the dream is always big and special and that is to make a mark for yourself in the entrepreneurial world making a difference with your efforts! It is said that to reach somewhere big, you need to start small. So, why not start with establishing a small business of your own to test the waters? In India, there are plenty of opportunities for you to bring the best business ideas to existence and earn a decent living out of it.

 

One might get confused as to what business idea would work out for them as there are many business ideas out there to consider. Worry not, always choose the one that matches your niche as well as the budget! Choose the one that ignites the fire within you and invest in it 100% of your blood, sweat, and hard work to pass this test with flying colors. Worry not, we have got you covered. We will share a few ideas with you that might have your interest, stay tuned.

It’s The Matter Of Band-Baja-Baraat

Yes, wedding planners are what we are referring to. India is the land known for its larger than life weddings. People these days have generous budgets for organizing a wedding, however, sometimes struggle to make it happen as efficiently as they want. If you have to notch management skills and an eye for creativity, your search ends here.

Everybody Say Cheese 

Professional photography is another thing that has emerged as one of the most profitable businesses in recent years. Everybody wants to capture the special moments of their lives in the most special manner possible and this is where professional photographers come into the picture. If the idea “clicks” with you, you are just a DSLR camera away from starting your photography business.

Win Them Over With The Edible Love

This profession/business has helped many women/men who are extremely skilled in culinary art get their act together and make the best use of their cooking skills. If you get into this business, your primary concern should always be to serve the food hot and fresh to your clients without any delays. Once you get a hang of it, you can add team members to expand the business and go big.

Be There For The Little Ones

Dear readers, Daycare is one of the businesses that will help you contribute to the progression of this society and we will tell you why. Many women after having children are left with no other option than to leave their job and care for their baby 24*7! In recent years, these daycare services have emerged as a big helping hand for such mothers/families who do not have anybody else to look after their angels. If you love being around children, this is it for you. Help women be their most productive selves at work, while you give a warm and loving environment to the apple of their eyes!

At the end of the day, every business, regardless of its size, comes with a few advantages as well as consequences. It all boils down to what business idea do you find worthy of dealing with the consequences that tag along! Nonetheless, in the process, never lose faith in your capabilities as this faith is what will help you achieve your goal to become an entrepreneur.

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Business motivation

MSME Loans: A Basic Guide To Know It all

As daunting as it sounds, the process of arranging an MSME loan for your new business is not as complicated as it is generally perceived to be. All it requires is well-conducted research. Once you decide on a new business idea that you want to invest your hard work in, it becomes a primary concern to think about how you will raise or gather funds for the same. 

For an entrepreneur, we think it’s the best idea to stay aware of all the loans, schemes, and policies that the government and other bodies actively introduce to the common people to ease off the financial burden that tags along with establishing a new business.

Now that the government is marching ahead to the future to make India stronger than ever, the timings could not have been better for the entrepreneurs to start their business and make the most of these schemes. This article is the perfect read for all who are trying to apply for an MSME loan for their dream businesses. 

You Are Just A Few Steps Away From That Much Needed Loan

  • Firstly, register yourself as an MSME by visiting  udyogaadhaar.gov.in which is a national portal.
  • You will be asked to provide basic details like your name and the aadhaar number. Submit them and validate them with the help of an OTP.
  • Now you will see on your screens an application form which you will have to fill. Upon submitting, just to make sure that you have entered all the details correctly, the system asks you to recheck everything. Once rechecked, click “OK” to confirm.
  • The system will finally ask you to fill in the OTP that you will receive on the number that is linked to your aadhaar card.
  • Note down the registration number somewhere safe.

Always Be Ready With Those Documents

As basic as it may sound, it really comes in handy to keep the documents mentioned below ready with you just in case. These documents are

  • Your application form
  • Identity proof for which you can use your PAN card, aadhaar card, driver’s license, voter ID, etc.
  • An address/residence proof for which you can use your electricity bill, rent agreement, trade agreement, etc.
  • Some financial documents such as your ITR papers, bank statements, balance sheets, business turnover, etc.
  • Business proof which could be supported by Business Registration, Memorandum, and articles of association, etc.

Business Specific Documents

Apart from all of the above-mentioned documents, there are some other things that are still left to be taken care of. To avoid the last-minute chaos, we are sharing with you these important documents that are specific to the type of business you have.

  • Companies will need to gather the Certificate of incorporation, memorandum of association, articles of association.
  • Partnership firms will have to arrange the Registration certificate, partnership deed.
  • Private limited companies are supposed to be ready with a Registration certificate, articles, and memorandum of association.
  • Sole proprietorships will have to check for a Registration certificate, ITR, or another proof of business identity. 
  • Self-Employed Professional (SEP), be ready with proof of your qualifications. For self-Employed Non-Professionals (SENP), proof of business will be more than enough.

Which Banks Are To Be Approached?

State Bank of India, HDFC Bank, Allahabad Bank, Central Bank of India, ICICI Bank, Bajaj Finserv, Oriental Bank of Commerce, Union Bank of India, and Indian Bank are some of the banks who are providing MSMEs business loans to fulfill their dreams. Always keep in mind that every bank has its own ways to figure out the rate of interest on which a business is supposed to repay the loan. Hence, we would advise you to do your research and see for yourself which bank is meeting your financial needs.

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Business motivation

Businesses Of Future: 3 Ideas That Are Going To Hit The Jackpot

“For the canny and the farsighted, vast deficits also create vast opportunities,” says Simon Dunstan and we could not agree more! It is very important to be farsighted with your approach as an entrepreneur for the opportunities are many, if only you can filter out the booming sectors and the business ideas of tomorrow to be prepared in advance.

The future business ideas are generally far too out there and are often ridiculed and looked down upon by many just because of their low viability quotient in the present times. However, we all have witnessed how some ideas that sounded stupid back then have worked wonders when actually were worked upon. The perfect example would be Tesla, how the idea was discouraged, and how it became a giant success.

Try and wrap your head around these new and unique future business ideas that you can prepare yourself for.

The Future Belongs To Drones

Yes, you read that correctly. The future holds many business opportunities around the world which involve drone technology. Nowadays the demand for drones to deliver the products directly to consumers has been dramatically increasing as a result of social distancing norms and the paranoia of many consumers. Safety, these days, has become the utmost priority of the consumers and businesses are leaning towards drones to cater to these needs. 

These drones will not be useful in COVID times, but also prove to be quite helpful during an unfortunate natural disaster or in reaching remote areas. We advise you to do your homework on drone technology and if it is something that interests you, you are sorted for a very long time.

Save The World From Cyber Criminals

With time, many businesses have gone online to grow at an exponential rate as today’s consumer relies heavily on online commerce. When businesses go online, they almost always need a website. With these many websites around, hackers have become very active these days and have not been shying away from crashing the site and exporting money in lieu of it. To tackle these attacks, we do have a few agencies but there aren’t enough. If this is your niche, this could be the best business for you to be in as the competition will be low, you will have the upper hand in pricing, and the future will be brighter than ever.

Encash The Cashless Generation

In today’s day and age, almost everybody has a smartphone and can access the internet. With this facility available to most of us,  we are slowly and steadily shifting towards a lifestyle where even the smallest of the purchase will be made online. As online transactions have emerged as the need of the hour, a few groups have already marked their presence and are doing very well as e-wallet service providers. However, as there are still new people joining the bandwagon every single day, this business will bloom even further. Now that the cost of developing an app has been brought down drastically as there tons of skilled freelance developers out there, you can start this business with a small investment, if it interests you!

We can only suggest the destination, but it’s for you to cover the journey and make a difference with your efforts. Don’t let others make you think otherwise of an idea that you know you are confident of. Just make sure that idea solves a problem that might look small today but take a bigger form tomorrow and the rest will fall into place!

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Business motivation Strategy

Visa, IFundWomen Announce Grant Programme to Empower Women Entrepreneurs in India

Entrepreneur (Photo Credits: Pexels)

Mumbai, September 21: With an aim to empower women entrepreneurs in India, Visa along with its global partner IFundWomen on Monday rolled out a grant programme to boost the morale of women entrepreneurs across the country. According to a report by IANS, the digital payments technology leader will seek applications from women entrepreneurs across all sectors till October 20, 2020. IfundWomen is the go-to marketplace for women-owned businesses. The applicants need to submit details about their business and online presence, along with a short video about their business to www.ifundwomen.com/visa-india. Three winners will be selected and receive grants of Rs 7 lakh each and training from leaders within the Visa and IFundWomen network.

Women-owned businesses constitute around 14 percent of the total entrepreneur base in India. To spread the word, Visa said it has partnered with FLO (the ladies’ wing of FICCI) and Instamojo as digitisation partner for the programme in the country. T R Ramachandran, Group Country Manager, India and South Asia, Visa, said, “We want to see this number increase but our interactions with women entrepreneurs show that access to capital to fund, run and grow their businesses remains a challenge”.

The Visa and IFundWomen grant programme in India, the first outside of the US, “aims to boost female entrepreneurship and empower budding businesswomen through our network, guidance, financial support and resources to help achieve their dreams”, he added.

Visa’s partnership with IFundWomen is specifically designed to help women entrepreneurs secure the funding they need through a series of grants. This year in June, Visa had committed to supporting 50 million small businesses globally to power recovery and enable them digitally. In August 2020, through the first India edition of Visa Everywhere Initiative, it awarded three fintech startups with monetary awards and technological support to take their solutions to market, the company said.