Spice Money introduces Zero Investment business opportunity for Rural Entrepreneurs

11-02-2021 Thu 14:17

  • Targets 2X accelerated growth YoY as part of its vision to empower 1 Cr rural entrepreneurs
  • Move to support the government’s vision of bringing digital payments to the fore
Mumbai, February 11, 2021: Spice Money, India’s leading rural fintech, 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.
 
During the recent Union Budget, the FM shared government’s objective to focus on digital payments. Spice Money aligns with this vision and bolsters it by allowing greater access to digital payments 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.
 
Spice Money Founder Dilip Modi said, “The zero-investment entry programme will encourage the Indian youth in semi-urban and rural Bharat to become Spice Money Adhikaris at no cost. The programme will expand the Spice Money network and offer essential digital financial and e-retail services to the unbanked and underserved communities, especially in remote parts of the country. The initiative is yet another step in our efforts to secure India’s digital and financial future by supporting young entrepreneurs to earn their own silver through their very own ‘Digital Dukan’.”
 
Actor-philanthropist, Sonu Sood who has recently partnered with Spice Money said, “Spice Money’s technological expertise and digital infrastructure is helping me fulfil my vision of socio-economic independence for all Indians, particularly those living in less developed regions. As I have witnessed the struggles of thousands of migrant workers during the lockdown, it is time to come forward and help the less privileged earn their own livelihood in the towns and villages where they reside – ‘Humein har gaon ko digitally saksham banaana hai’. Through Spice Money’s innovative no-cost business proposition, I am confident that we can successfully reach out to a large number of people living in semi-urban and rural areas, and help fulfil their aspirations to become self-reliant and masters of their own destinies.”
 
During the pandemic-induced lockdown, a large number of migrant workers and other rural people were left stranded, jobless and without any financial means. Spice Money and actor-philanthropist Sonu Sood came together to alleviate their woes by creating entrepreneurial opportunities – through the tagline ‘Spice Money toh Life Bani’ – and providing them an entrepreneurial platform to offer digital and financial services. The zero-investment entry programme is a leap towards achieving that goal.
 
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.


More Press Releases
Telangana Covid Vaccination update as on 03.03.2021
6 hours ago
B.Tech Admissions 2021 Open at Amrita Vishwa Vidyapeetham
6 hours ago
DRU GOLD, trusted gold recycling brand from Hyderabad goes on massive expansion spree with new stores
6 hours ago
Chief of the Air Staff (CAS) visit to Sri Lanka
9 hours ago
Governor Tamilisai calls for campaign to motivate people for vaccination
10 hours ago
Zee Telugu Celebrates International Women’s Day with ‘Maguva, Lokaniki Telusa Nee Viluva’
10 hours ago
‘Go Extra’ campaign reaches truck fleets and drivers through on-ground events at key transport hubs
10 hours ago
Jaguar land Rover retailer network gears up for launch of the all-electric Jaguar I-Pace in India
10 hours ago
Tata Motors launches the Signa 3118.T, India’s first 3-axle 6x2 truck
11 hours ago
Tide to hire 300 for its Hyderabad global development center (GDC)
11 hours ago
Axis Bank launches WhatsApp Banking
12 hours ago
SBI Launches 2nd Edition of YONO Super Saving Days
13 hours ago
Renault Kiger makes a bold foray with more than 1100 pan India deliveries on the first day
14 hours ago
Optimize or Transform? TCS’ New Digital Suite Empowers Germany’s Mittelstand to Accomplish Both
15 hours ago
PM salutes all those working towards wildlife protection on World Wildlife Day
16 hours ago
Telangana Covid Vaccination update as on 02.03.2021
1 day ago
NASSCOM and Microsoft announce the AI Gamechangers program to accelerate AI led Innovation in India
1 day ago
Josh, India’s leading short-video platform, sets up Josh Studios
1 day ago
Flipkart expands grocery service to 50+ cities in India
1 day ago
Airtel fortifies its strong spectrum portfolio, Acquires 355.45 MHz spectrum for Rs. 18,699 Crores
1 day ago
Sony launches digital voice recorder PCM-A10 for supreme sound and superior recording
1 day ago
Andhra Pradesh Governor and Lady Governor receive first dose of Covid-19 vaccine
1 day ago
Historic! Six Hyderabad FC players called up for National Camp
1 day ago
PM inaugurates Maritime India Summit 2021
1 day ago
CM KCR makes courtesy call on Chief Justice Hima Kohli
2 days ago
Advertisement
Video News
New dimension in Karnataka minister scandal
కన్నడ మంత్రి రాసలీలల వీడియో వ్యవహారంలో కొత్త కోణం!
4 hours ago
Advertisement 36
Youth gets life on Post martem table in Karanataka
పోస్టుమార్టం చేయబోతుండగా బతికాడు... కర్ణాటకలో ఘటన!
5 hours ago
Sasikala announced she quits politics
రాజకీయాల నుంచి తప్పుకుంటున్నట్టు శశికళ సంచలన ప్రకటన
5 hours ago
RRR digital rights sold for a bomb
భారీ రేటుకి 'ఆర్ఆర్ఆర్' డిజిటల్ రైట్స్!
5 hours ago
Tomorrow onwards India and England fourth test
రేపటి నుంచి భారత్-ఇంగ్లండ్ చివరి టెస్టు... అదే పిచ్ అంటున్న రూట్!
5 hours ago
How to register for corona vaccine through CoWin Portal
కోవిన్ పోర్టల్ ద్వారా కరోనా వ్యాక్సిన్ రిజిస్ట్రేషన్ ఎలాగంటే..!
6 hours ago
Delivery Driver Catches Toddler Who Fell From 12th Storey
12వ అంతస్తు నుంచి పడిన చిన్నారి.. ఒళ్లుగగుర్పొడిచే వీడియో ఇది!
6 hours ago
CPI Narayana met Swami Swaroopanandendra in Visakha Saharada Peetham
విశాఖలో స్వరూపానందను కలిసిన సీపీఐ నారాయణ... ఇద్దరి మధ్య ఆసక్తికర చర్చ
6 hours ago
Actress Radhika Sarathkumar to contest election soon
శరత్ కుమార్ ఆదేశిస్తే ఎన్నికల్లో పోటీ చేస్తా: సీనియర్ నటి రాధిక
6 hours ago
Sajjala satires on TDP over Municipal Elections
నామినేషన్లు వేయడానికే మనుషులు దొరక్కపోతే ఇక శిబిరాలు ఎందుకు?: టీడీపీపై సజ్జల విసుర్లు
7 hours ago
MIM Ready to contest in Tamil Nadu Assembly Polls
తమిళనాడు ఎన్నికల బరిలోకి ఎంఐఎం.. డీఎంకేతో పొత్తుకు సై!
7 hours ago
Kohli joins the ongoing discussion about spinning tracks
పిచ్ ల గురించి పట్టించుకోం కాబట్టే మేం విజయవంతం అవుతున్నాం: కోహ్లీ
7 hours ago
Thats why i became target to them said rahul gandhi
అలా కోరుకున్న తొలి వ్యక్తిని నేనే.. అందుకే సీనియర్లకు టార్గెట్ అయ్యా: రాహుల్ గాంధీ
7 hours ago
Ganta Srinivasarao clarifies over Vijayasai Reddy comments
నాపై 100 సార్లకు పైగా ఇలాంటి వార్తలు వచ్చాయి... ఈసారి విజయసాయిరెడ్డే సమాధానం చెప్పాలి: గంటా
7 hours ago
10 Dead In Myanmar As Police Fire To Break Up Protests
మయన్మార్‌లో కొనసాగుతున్న నిరసన.. సైన్యం కాల్పుల్లో 10 మంది మృతి
8 hours ago
People with higher BMI causes corona virus heavy spreading
బీఎంఐ అధికంగా ఉన్నవాళ్లే కరోనాను ఎక్కువగా వ్యాప్తి చేస్తున్నారట!
8 hours ago
Congress senior leader Indira Shobhan quits congress
తెలంగాణలో కాంగ్రెస్‌కు మరో ఎదురుదెబ్బ.. షర్మిల పార్టీలోకి ఇందిరా శోభన్
8 hours ago
Most expensive tea available in Kolkata
ఇక్కడ ఒక కప్పు టీ రూ.1000!
8 hours ago
tdp vs ysrcp Tensions erupted in palamaner
పలమనేరులో వైసీపీ, టీడీపీ నేతల మధ్య ఘర్షణ.. మునిసిపల్ కార్యాలయంలోకి దూసుకెళ్లే యత్నం
8 hours ago
AAP Sweeps Delhi MCD Bypolls
ఢిల్లీ మునిసిపల్ కార్పొరేషన్ ఉప ఎన్నికల్లో ఆప్ స్వీప్.. బీజేపీకి ఘోర పరాభవం!
9 hours ago