29th August 2024 – Spherule Foundation and Fedbank Financial Services Ltd. have launched Umeed, a CSR initiative designed to support 700 women entrepreneurs across India. This program will be rolled out in Karnataka, Delhi-NCR, Telangana, Rajasthan, Maharashtra, and Punjab, with the objective of empowering women at the grassroots level to scale their small and micro enterprises.
About Spherule Foundation and Fedbank Financial Services Ltd
Spherule Foundation is a well-known NGO that focuses on creating positive social change through projects in education, women’s empowerment, health, and the environment. The foundation works across India with a strong emphasis on sustainability.
Fedbank Financial Services Ltd, is a leading NBFC in India, has consistently demonstrated its commitment to corporate social responsibility through various initiatives aimed at fostering inclusive growth and development.
Spherule Foundation has already made a difference in the lives of over 50,000 women micro-entrepreneurs across the country. Their success stories have been shared at top institutions like Oxford University and the IITs, highlighting the powerful impact of their work. This new CSR program is designed to go beyond just providing initial support; it will offer ongoing mentorship and guidance to help these businesses grow and become self-sustaining.
A highlight of the program is a Shark Tank-style event where the women entrepreneurs can pitch their business ideas to a panel of experts. This unique competition gives participants a chance to win support and funding for their businesses, providing a platform to showcase their creativity and drive.
Key Features of “Umeed”:
This initiative aligns with 4 United Nations sustainable development goals (SDGs) to promote gender equality, quality education, no poverty and economic growth. By empowering women entrepreneurs, we aim to spark positive change in underprivileged communities across India, helping women become more self-reliant and less dependent on external support.
Anila Rajneesh, Chief Human Resources Officer at Fedbank Financial Services Ltd., emphasized the significance of the partnership: “We take great pride in extending our support to this program aimed at empowering and nurturing our talented women entrepreneurs from underprivileged communities. We believe this initiative will inspire many aspiring women, helping them to overcome obstacles in pursuit of their dreams. We are happy to collaborate with Spherule Foundation on this gallant cause.”
Mangesh Potdar, Social Solution Architect at Spherule Foundation, expressed enthusiasm for the collaboration, stating, “We are thrilled to partner with Fedbank Financial Services Ltd on this journey. Together, we’re not just supporting businesses; we’re helping women build better futures for themselves and their communities.”
For more information, please contact:
Name: Mangesh Potdar
Phone: +91 9175003999
Email: mangesh@spherule.org
Website: www.spherule.org
Website: www.fedfina.com
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