India CSR Network
No Result
View All Result
  • Login
  • Register
SUBSCRIBE
  • Home
  • CSR
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Environment
    • Education
    • Gender Equality
    • Health
    • Skill Development
    • No Poverty
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Articles
  • Interviews
  • Events
  • BOOKS
  • More
    • Technology
    • Lifestyle
    • Case Studies
    • Knowledge
    • Social Sector Leaders
    • Social Entrepreneurship
    • Philanthropy
    • Sports
    • Gaming
  • Prime
  • Home
  • CSR
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Environment
    • Education
    • Gender Equality
    • Health
    • Skill Development
    • No Poverty
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Articles
  • Interviews
  • Events
  • BOOKS
  • More
    • Technology
    • Lifestyle
    • Case Studies
    • Knowledge
    • Social Sector Leaders
    • Social Entrepreneurship
    • Philanthropy
    • Sports
    • Gaming
  • Prime
  • Login
  • Register
No Result
View All Result
India CSR Network
No Result
View All Result
Home More

CSR of L&T Financial Services: Winners of the Business Plan Competition for rural women entrepreneurs announced 

by India CSR Network
3 years ago
in More

MUMBAI: L&T Financial Services (LTFS) today announced the winners of the Business Plan Competition for rural women entrepreneurs across Pune, Osmanabad and Solapur districts of Maharashtra.

Anuradha Samadhan Kambale from Solapur (goatery) won the competition followed by Praitbha Santosh Girame from Pune (goatery) as the first runners up and Sarika Rahul Tope from Osmanabad (Dairy) as the second runners up of the competition.

The Business Plan Competition resembles the real-world process of launching, developing and scaling up a business venture. 521 rural women entrepreneurs (WEs) from the three districts participated in the competition, out of which 24 women were shortlisted and awarded at the event. A total of Rs.10.6 lakh prize pool was distributed amongst the 24 WEs which will help them scale up their businesses.

Manoj Shenoy, CEO – Wealth Management & Group Head – Corporate Social Responsibility, L&T Financial Services said “When women are trained with the right skills, they become efficient change agents in their communities that in turn benefits the entire eco system. This is our first Business Plan Competition and an important step in bringing rural women into the fold of financial empowerment through entrepreneurship. Increased business knowledge, enhanced communication skills and an opportunity to upscale their business are some of the benefits we foresee from this competition.”

Women entrepreneurs from the Digital Sakhi Program were provided an opportunity to pitch their formal business proposals to a panel of judges that comprised of business professionals and subject matter experts across sectors. The competition was conducted at 3 levels – Round I and Round II at the cluster level and Round III at the state level. Stringent selection and evaluation process were followed for participation in the competition.

The women entrepreneurs who wished to participate in the competition had satisfied all the following requirements:

  • A participant in the Digital Sakhi Program (2016-2017) with 85% attendance in upskilling and enterprise development trainings
  • Successful completion of enterprise development training in 2016-2017
  • Should have complete support from their families to go through the BPC
  • Own an individual savings/current account
  • Own all KYC documents – Aadhar Card, Pan Card and Voter’s ID
  • Practicing the selected trade in line with AFARM’s expertise and LTFS business (tailoring, dairy, poultry, goatery, handicrafts, kirana shops etc.)
  • Business/trade must be operating for at least one (1) year
  • Should be able to meet all the legal obligation of debt repayment

All applicants were evaluated in terms of clarity of vision, roadmap, goals along with finance opportunities and risk awareness and management plan. The top 24 WEs presented their business plan as well as answered the 25 questions in Round III of the competition. The participants were also asked for a SWOT analysis of their plans and were finally scored on a four (4) point scale. The scoring ranged between irrelevant answers to questions asked (1 point) to having a clearly defined goal and vision (4 points).

Digital Sakhi is a flagship programme of L&T Financial Services that equips rural women with the skills and knowledge to confidently impart digital financial literacy training to households in their communities and nurture an ecosystem of digital financial transactions.

The programme focuses on Sustainable Development Goal (SDG) 5 – Gender Equality wherein 100 women are identified from a rural community and trained extensively on digital financial literacy, leadership and technology. These 100 women are called ‘Digital Sakhis’. Each Sakhi is equipped with a mobile tablet with preloaded LTFS Digital Financial Literacy (DFL) modules to learn and then disseminate information on digital payments and other relevant government schemes including insurance. The programme also grooms 1000 Women Micro Entrepreneurs from the communities – providing them with upskilling training and enterprise development training to help them build their businesses and ultimately enhance their livelihoods.

LTFH is a financial holding company offering a focused range of financial products and services across rural, housing and wholesale finance sectors, as well as mutual fund products and wealth management services, through its wholly-owned subsidiaries, viz., L&T Finance Ltd., L&T Housing Finance Ltd., L&T Infrastructure Finance Company Ltd., L&T Investment Management Ltd. and L&T Capital Markets Ltd. LTFH is registered with RBI as a CIC-ND-SI. LTFH is promoted by Larsen & Toubro Ltd. (L&T), one of the leading companies in India, with interests in engineering, construction, electrical & electronics manufacturing & services, IT and financial services

CSRBooks.com CSRBooks.com CSRBooks.com
Tags: Corporate Social ResponsibilityCSR and Financial ServicesCSR of L&T Financial ServicesL&T Financial ServicesManoj Shenoy
ShareTweetPin

India CSR Network

India CSR is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium content, we invite you to subscribe it.

Related Posts

Union Budget 2022: Tax Rebates in Budget for Realty Vital for Salaried Class
More

Union Budget 2022: Tax Rebates in Budget for Realty Vital for Salaried Class

January 19, 2022
India’s Veteran journalist Vinod Dua passes away
More

India’s Veteran journalist Vinod Dua passes away

December 5, 2021
Meet a NGO Leader who digs up dirt to set right system
More

Meet a NGO Leader who digs up dirt to set right system

August 10, 2021
More

Republic or Democratic?

January 22, 2021
Brand Identity of India CSR Network
CSR

Nomination invited for India CSR Professional of the Year Awards

August 4, 2021
More

Value of Books in Life

August 4, 2021
More

Google generates its 83% of revenues from the display of ads

August 4, 2021
More

Reliance Foundation Hospital rewarding medical staff with extra pay

August 4, 2021
CSR

Covid-19: ITC’s Paperboards and Specialty Paper Business lend its support to the needy in Telangana

August 4, 2021

Popular Stories

  • Lupin Terminates 300 Staff

    Lupin Terminates 300 Staff

    0 shares
    Share 0 Tweet 0
  • What is liberalization?

    0 shares
    Share 0 Tweet 0
  • 7 Reasons Why Smartphone Can Make Your Life Easier

    0 shares
    Share 0 Tweet 0
  • QNET CSR Arm Supports Electrification Project to light up the lives of 470 villagers in Meghalaya

    0 shares
    Share 0 Tweet 0
  • MCA amends Schedule III of Companies Act on disclosure norms in financial statements and Details of Corporate Social Responsibility (CSR)

    0 shares
    Share 0 Tweet 0
India CSR Network

  • Home
  • About Us
  • Team
  • Partnership
  • Contact
  • Terms of Use
  • Subscribe

No Result
View All Result
  • Home
  • CSR
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Environment
    • Education
    • Gender Equality
    • Health
    • Skill Development
    • No Poverty
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Articles
  • Interviews
  • Events
  • BOOKS
  • More
    • Technology
    • Lifestyle
    • Case Studies
    • Knowledge
    • Social Sector Leaders
    • Social Entrepreneurship
    • Philanthropy
    • Sports
    • Gaming
  • Prime
  • Login
  • Sign Up
  • Cart

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In