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Who has joined hands with NITI Aayog's Women Entrepreneurship Platform (WEP)?
A)
PhonePe
B)
Paytm
C)
BharatPe
D)
Razorpay

Correct Answer : Option (C) - BharatPe


Fintech company "BharatPe" under its corporate social responsibility initiative BharatPe Cares has partnered with NITI Aayog’s Women Entrepreneurship Platform (WEP) to support women entrepreneurs in the country.

* The company said the core focus area will be to facilitate the development of a first-of-its-kind aggregator platform that gives access to peer support, mentorship, networking channels and learning resources to women entrepreneurs.  

* The initiative is under BharatPe’s company PAYBACK’s CSR programme. BharatPe had acquired PAYBACK – a multi-brand loyalty programme in 2021 from American Express and ICICI Investments Strategic Fund.

* According to the sixth economic census by the Ministry of Statistics and Programme Implementation, women comprise only 13.76 per cent of the total entrepreneurs in India, which is 8.05 million out of the total 58.5 million entrepreneurs.

* Nalin Negi, CFO and interim CEO, BharatPe, said, As a homegrown fintech, our regular engagement with women solopreneurs and small business owners has helped us understand the challenges faced from their lens – the most important being lack of access to financial know-how, networking channels, mentorship and fundraising opportunities.

* Our partnership with WEP is aimed at facilitating the development of a plug-and-play digital infrastructure to address the existing gaps and aid the growth of women entrepreneurs,

* Anna Roy, Mission Director, WEP, added that while the entrepreneurial ecosystem in India is thriving but women-led businesses still need a lot of support to help scale businesses, and more so due to social biases...

Source : Financial Express

Published On : March 31, 2023
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