Sintu Chakma
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InShakti Foundation, established in 2015, has been a beacon of transformation for underprivileged youth and women in India. By providing vocational training, entrepreneurship skills, and holistic development programs, InShakti has helped thousands step into the world of self-employment and economic independence.
InShakti Foundation, co-founded by Gautam Sen Gupta in 2015, is headquartered in Mathura Road, New Delhi. The foundation operates with a dedicated team of 30 staff members, supported by numerous partner organisations.
InShakti focuses on livelihoods, providing vocational and entrepreneurial support to disadvantaged youth and women across seven states. The organisation collaborates with local partners and communities to deliver tailored training programs and support services.
InShakti operates several programs aligned with the Sustainable Development Goals (SDGs), focusing on skill development and entrepreneurship:
Vyapower: Entrepreneurship program for young women. Project Poonji: Skill-based training for existing women entrepreneurs. Badey Sapne: Skill development programs for government schools. Agla Kadam: Vocational skills training for youth.
Mobilisation and Screening: Conducting workshops and outreach programs in target communities to create awareness about the available opportunities.
Hand Holding and Mentoring: Each entrepreneur is paired with a mentor who provides personalised guidance on business management, financial planning, and market strategies.
Customised Modules and Certification: Develop tailored training modules and certify the participants. Creating training content that includes practical skills, business management, financial literacy, and digital literacy.
Field Operations: The organisation operates in Rajasthan, West Bengal, Haryana, Jharkhand, Gujarat, Bihar, Uttar Pradesh and Delhi.
Rang De has partnered with InShakti to provide credit support to women entrepreneurs under the Vyapower and Project Poonji programs. This partnership aims to enable women with affordable credit to start and scale their micro and nano enterprises. This will go a long way towards fostering financial independence and community development.
Rang De's credit support is crucial in enabling women to set up new businesses and expand existing ones. The loans provided at a 7% interest rate are typically to be used for retail and service micro-enterprises, such as food stalls, tailoring units, cyber cafes, Livestock, grocery stores etc.
Most are new to entrepreneurship and do not have any other source of income, relying previously on farming or labour jobs in nearby factories. While literacy levels are generally low, some of the younger generation have completed secondary education.
Majority of these women are first-time borrowers. They have operational bank accounts, which they use as needed. Their businesses will not only provide sustainable income for their families but also create local employment opportunities.
InShakti's collaboration with Rang De highlights the power of targeted social investments. This partnership shall exemplify how strategic investments and empowerment can drive sustainable development and economic growth at the grassroots level.
To Invest in budding entrepreneurs backed by Inshakti visit www.rangde.in
