Spice Money announced today the launch of a first-of-its-kind zero-investment entry programme that allows rural entrepreneurs to be a part of the Spice Money Adhikari network completely free of cost. The limited period zero-investment programme will shape Spice Money's vision to digitally and financially empower 1 crore rural entrepreneurs across the country, and strengthen the company's digital payments ecosystem in semi-urban and rural areas.
The zero-investment entry programme enables migrant workers, kirana store owners, jobseekers, fresh graduates, housewives and others to join the Spice Money Adhikari network and secure self-employment and other livelihood opportunities in their hometowns.
At present, over 65% of 5 lakh+ Adhikaris on Spice Money's network are below 30 years, many of them budding entrepreneurs in their own rights.
Apart from the zero-investment programme, Spice Money is also waiving off the rental fees for all existing and new Adhikaris to encourage them to continue their journey of entrepreneurship and self-reliance. To further accelerate its vision of financial inclusion, the company has introduced an initiative where Adhikaris (entrepreneurs) will get the company's micro-ATM or 'Mini Magic' devices at effective zero cost. The move will aid towards strengthening the ATM infrastructure in the country, especially in rural regions.
Spice Money has been working on a war-footing to expand financial inclusion across the country covering 18,000-plus pin codes, over 700 districts and 5,000+ blocks.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU