IIFL Finance, one of India’s leading non-banking financial companies (NBFCs), has rebranded seven of its existing branches as all-women staffed ‘Shakti’ branches to mark Women’s Day. These branches, located in the Delhi National Capital Region (NCR) and Mumbai Metropolitan Region (MMR), aim to empower women in the financial services sector by promoting diversity, equity, and inclusion. The initiative highlights IIFL Finance’s commitment to supporting women entrepreneurs and advancing financial literacy among underserved communities.
Key Highlights
About ‘Shakti’ Branches
- Seven existing IIFL Finance branches have been rebranded as ‘Shakti’ branches.
- These branches are located across Delhi NCR and MMR.
- Staffed entirely by women professionals.
- Aim to promote gender diversity and create employment opportunities for women in financial services.
Objectives of the Initiative
- Provide financial services to all borrowers, with a special focus on women entrepreneurs.
- Offer financial literacy programs designed for female business owners.
- Conduct skill development programs to help women scale their businesses.
- Strengthen financial inclusion for small, unbanked, and underbanked borrowers.
Significance of the Initiative
- Recognizes the contribution of women entrepreneurs to India’s economy.
- Enhances gender diversity and inclusion within the financial sector.
- Supports women’s empowerment through access to financial resources and training.
- Aligns with IIFL Finance’s goal of serving millions of underserved customers across India.
Summary/Static | Details |
Why in the news? | IIFL Finance Launches ‘Shakti’ All-Women Branches on Women’s Day |
Initiative | Rebranding of seven IIFL Finance branches as ‘Shakti’ branches |
Location | Delhi NCR and Mumbai Metropolitan Region |
Staffing | Fully staffed by women professionals |
Objective | Promote gender diversity, financial inclusion, and women’s empowerment |
Services Offered | Financial literacy programs, skill development for women entrepreneurs, credit access for small businesses |
Target Audience | All borrowers, with a special focus on women entrepreneurs and underserved communities |
Significance | Supports women’s economic empowerment and enhances financial inclusion in India |