New Delhi, Delhi, India:
BharatPe Group, one of India’s leading names in the fintech industry, has partnered with nasscom foundation to empower women entrepreneurs across multiple districts in Maharashtra. Under the ‘Formal Registration and Digital Market Linkage Program for Women Entrepreneurs’, 1,500 rural women from six districts of Ahmednagar, Beed, Buldhana, Latur, Sindhudurg, and Kolhapur have been provided with the tools to formalize and scale their businesses, facilitating their integration into the formal economy. Additionally, 250 women out of the 1,500 were also provided with market linkages thereby increasing their business opportunities and financial stability. This initiative is poised to make a significant impact on the lives of rural women entrepreneurs by enhancing financial inclusion and enabling the growth of their businesses.
The initiative, launched under the aegis of ‘BharatPe Cares’, a corporate social responsibility initiative by BharatPe Group, is in sync with the brand’s purpose to empower lives through inclusive, innovative and reliable fintech solutions. The initiative rests under the CSR program of PAYBACK, a BharatPe company. The program is designed to support the formalization of MSME documentation and establish connections with the digital market for rural women entrepreneur-led enterprises. As a part of the program, individual women entrepreneurs from the Maharashtra State Rural Livelihood Mission (MSRLM) ecosystem were identified. Local Resource Persons (LRPs) were trained on various government schemes as well as relevant formalization and market linkage solutions. The LRPs further conducted training sessions for rural women entrepreneurs and are expected to provide continuous support to enable their business growth. The participants got an understanding of FSSAI licenses, Udyam registration, and Shop Act registration, as well as gained market access through platforms like MSME Global Mart, GEM, UMEED Mart and ONDC.
Speaking on the partnership, Mr. Nalin Negi, CEO, BharatPe, said “We are delighted to partner with nasscom foundation to advance rural women entrepreneurship in Maharashtra. At BharatPe, we are dedicated to promoting financial inclusion and unlocking opportunities for women entrepreneurs across the country. Over the past few years, we have partnered with Women Entrepreneurship Platform to enable women entrepreneurs across India in their journeys of self-reliance and business growth. With this initiative, we have been able to reach out to the rural women entrepreneurs and empower them with the right solutions to formalize their business and expand it to newer markets, enabling their business growth. This partnership marks a pivotal step in BharatPe’s mission to drive inclusive financial empowerment across India. By partnering with nasscom foundation, we continue to contribute positively in further empowering women entrepreneurs, including the rural women, to reach their full potential and contribute to India’s growth story.”
Rostow Ravanan, Chairperson, nasscom foundation, added, “We are thrilled to partner with BharatPe to empower rural women entrepreneurs across Maharashtra by equipping them with the skills and resources needed to thrive in business. This initiative aligns perfectly with our commitment to create sustainable livelihoods and drive economic independence for women in rural areas. By providing essential training, digital market linkages, and access to government schemes, we have not only supported these women’s transition into formal businesses but also enabled them to unlock their full potential and build self-reliance.”
BharatPe (brand name of Resilient Innovations Pvt Ltd) was founded in 2018 to make financial inclusion a reality for Indian merchants. In 2018, it launched India’s first UPI interoperable QR code, the first zero MDR payment acceptance service. In 2020, post-Covid, BharatPe also launched a card acceptance terminal – BharatPe Swipe. Currently with a registered network of over 1.3 crore merchants across 450+ cities, the company is one of the leading players in UPI offline transactions, processing 450 million+ UPI transactions per month. BharatPe processes payments of annualized Transaction Processed Value of over Rs. 1.7 Lac Crores. BharatPe Money (brand name of Resilient Digi Services Private Limited), a BharatPe Group Company, has already facilitated the disbursement of loans of over Rs. 18,000 crores, in partnership with NBFCs. Recently, the company also ventured into secured loans with the launch of two-wheeler loans, loans against mutual funds, home loans and loan against property. BharatPe’s POS business processes payments of over Rs. 29,000 crores annually on its machines. BharatPe has raised over US$ 583 million in equity till date. The company’s list of marquee investors includes Peak XV Partners (formerly known as Sequoia Capital India), Ribbit Capital, Insight Partners, Amplo, Beenext, Coatue Management, Dragoneer Investment Group, Steadfast Capital, Steadview Capital and Tiger Global. In June 2021, the company announced the acquisition of PAYBACK India (Rebranded to Zillion), the country’s largest multi-brand loyalty program company with 100 million+ members. In October 2021, the consortium of Centrum Financial Services Limited (Centrum) and BharatPe, was issued a Small Finance Bank (SFB) license by the Reserve Bank of India (RBI). BharatPe also entered the consumer fintech segment with the launch of postpe in October 2021. In January 2023, Resilient Payments Pvt Ltd, a BharatPe Group Company, received an in-principle nod from the Reserve Bank of India (RBI) to operate as an online payment aggregator. In April 2023, BharatPe acquired a controlling stake in Trillionloans, a renowned NBFC (Non- Banking Financial Company) registered with RBI. In August 2024, the company rebranded postpe app to BharatPe and ventured in the consumer payments space with the launch of its UPI TPAP. For more details, please visit- https://bharatpe.com/.
Facebook: BharatPeIndia
X: bharatpeindia
YouTube: BharatPeIndia
LinkedIn: BharatPe
Instagram: bharat.pe
About nasscom foundation
Established in 2001, nasscom foundation has been witness to the transformative power of technology for more than two decades. Part of the nasscom ecosystem, we are the only neutral not-for-profit organization representing the Indian tech industry. We remain rooted to our core philosophy of TechForGood, where our efforts are focused on unlocking the power of technology by creating access and opportunity for those who need it the most. We work on helping people and institutions transform the way they tackle social and economic challenges through technology. We have five key areas of intervention – Digital Literacy, Skilling and Employability, Women Entrepreneurship, Scaling Social Innovation and Empowering NGO Ecosystem.
Click here for Media Contact Details
Submit your press release