Samhita

Category: Uncategorized

  • Uncover the Ultimate Mobile Casino Experience on Megapari for Indian Players: A Comprehensive Guide

    A Guide to the Mobile Casino Experience on Megapari for Indian Players

    For Indian players looking for a seamless and convenient mobile casino experience, the Megapari App Download Apk is a top choice. This guide will walk you through everything you need to know about accessing Megapari on your mobile device, helping you start your gaming journey without any hassle.

    Why Choose Megapari for Mobile Gaming?

    Megapari stands out as a premier online casino platform that caters specifically to the needs of mobile users. Indian players can enjoy a wide variety of games, secure transactions, and thrilling bonuses, all optimized for mobile play. Here are some compelling reasons why Megapari is perfect for mobile gaming:

    • Wide Range of Games: From slots and table games to live dealer options, Megapari offers a comprehensive selection of gaming options right at your fingertips.
    • Secure Transactions: All transactions on Megapari are encrypted and secure, ensuring your financial data remains safe.
    • Exclusive Bonuses: Mobile users can take advantage of exclusive bonuses and promotions tailored specifically for them.

    How to Download and Install the Megapari App

    Downloading and installing the Megapari app is a straightforward process. Follow these steps to get started:

    1. Visit the official Megapari website on your mobile device.
    2. Locate the download section for the Megapari app.
    3. Click on the link to download the APK file.
    4. Once the download is complete, open the APK file and follow the on-screen instructions to install the app.
    5. After installation, open the app and log in with your existing Megapari account details or create a new account if you don’t have one.

    Optimizing Your Mobile Casino Experience

    To get the most out of your mobile casino experience on Megapari, consider the following tips:

    1. Ensure a Stable Internet Connection

    A stable internet connection is crucial for uninterrupted gameplay. Use a reliable Wi-Fi network or a strong mobile data connection to ensure you have the best experience.

    2. Keep Your Device Updated

    Make sure your mobile device’s operating system is up-to-date. This ensures compatibility with the Megapari app and enhances overall performance.A Guide to the Mobile Casino Experience on Megapari for Indian Players

    3. Manage Your Battery Life

    Gaming can be battery-intensive. Keep an eye on your deviceโ€™s battery level and have a charger or power bank handy if you plan on playing for extended periods.

    4. Customize Your Settings

    Take advantage of the settings available within the Megapari app. Adjust features like notifications, game preferences, and payment methods to suit your needs.

    Exploring Game Categories on Megapari App

    The Megapari app offers a plethora of games that cater to all types of players. Here are some of the popular categories:

    • Slots: Enjoy hundreds of slot games with various themes, paylines, and bonus features.
    • Table Games: Classic table games like blackjack, roulette, and baccarat are available with multiple variants.
    • Live Casino: Experience the thrill of live dealer games, including poker, baccarat, and more.
    • Virtual Sports: Bet on virtual sports events like football, basketball, and horse racing.

    Navigating the Megapari Mobile Platform

    The user interface of the Megapari mobile app is designed to be intuitive and user-friendly. Hereโ€™s how you can navigate through the app:

    1. Home Screen

    The home screen features shortcuts to popular games, promotions, and account settings. Itโ€™s your central hub for all gaming activities.

    2. Menu

    The menu icon, typically located at the top-left or bottom of the screen, gives you access to different game categories, payment methods, and support options.

    3. Search Function

    Use the search bar to quickly find specific games or categories. This function saves time and helps you get to your favorite games faster.

    4. Profile Management

    Manage your account details, check your balance, and view your transaction history from the profile section. Ensure your profile information is up-to-date for a seamless experience.

    Customer Support and Security

    Megapari takes customer support and security very seriously. The app offers multiple support channels, including live chat, email, and a comprehensive FAQ section. Additionally, the platform uses advanced encryption technologies to protect user data.

    Conclusion

    In conclusion, the Megapari mobile app offers Indian players a rich and engaging casino experience that can be enjoyed from anywhere. With its user-friendly interface, extensive game library, and robust security measures, itโ€™s no wonder why Megapari is a top choice for mobile gaming enthusiasts. Download the app today and start your gaming adventure!

    Frequently Asked Questions (FAQ)

    1. Is the Megapari app free to download?

    Yes, the Megapari app is free to download. Simply visit the official Megapari website to get the APK file.

    2. Can I play real money games on the Megapari app?

    Yes, you can play a variety of real money games on the Megapari app, including slots, table games, and live casino options.

    3. Is the Megapari app available for both Android and iOS devices?

    Currently, the Megapari app is available for Android devices. iOS users can still access the mobile version of the website through their browser.

    4. How do I make deposits and withdrawals on the Megapari app?

    Deposits and withdrawals can be easily managed through the app. Navigate to the payment section, choose your preferred method, and follow the instructions.

    5. Is it safe to play on the Megapari app?

    Yes, it is safe to play on the Megapari app. The platform uses advanced encryption technologies to ensure the safety and security of user data.

    6. What types of games are available on the Megapari app?

    The Megapari app offers a wide range of games, including slots, table games, live dealer games, and virtual sports.

    7. Can I access customer support through the Megapari app?

    Yes, the Megapari app offers multiple customer support options, including live chat and email support, to assist you with any queries or issues.

  • Uncover the Spectacular Range of Bonuses for Indian Players at Betmaster

    Exploring the Range of Bonuses Offered by Betmaster for Indian Players

    Are you an Indian player looking for an exhilarating online gambling experience? Experience the thrill of online gambling at its best with Betmaster, the ultimate destination for casino games, sports betting, and more! Look no further than betmasterplay.net/hi/ this popular online gambling platform offers a wide range of bonuses specifically tailored for Indian players. In this article, we’ll take a closer look at the exciting bonuses that await you at Betmaster, from generous welcome offers to regular promotions and loyalty rewards designed to enhance your gaming journey.

    At Betmaster, every player is treated to a plethora of bonus opportunities that not only boost your chances of winning but also ensure a more enjoyable and prolonged gaming experience. Whether you’re a fan of the adrenaline-pumping action in the casino or the strategic gameplay in sports betting, Betmaster has something special for everyone.

    Welcome Bonus

    When you join Betmaster as a new Indian player, get ready to be rewarded with a generous welcome bonus. As a token of appreciation, Betmaster offers a substantial bonus amount to kickstart your gambling journey. Not only that, but you’ll also enjoy additional perks such as free spins or extra credits. Remember to fulfill the wagering requirements before withdrawing your winnings.

    Deposit Bonuses

    At Betmaster, the bonuses don’t stop at the welcome offer. Indian players can take advantage of various deposit bonuses based on their deposit amount. Whether you’re a casual player or a high roller, there’s a deposit bonus tailored just for you. Unlock bigger bonuses and maximize your gameplay by making larger deposits.

    Cashback Offers

    Feeling unlucky? Betmaster has got you covered with their enticing cashback offers for Indian players. These offers allow you to get a percentage of your losses back, giving you a second chance to win. The cashback amount varies depending on the promotion, so keep an eye out for these opportunities to minimize your risks and maximize your enjoyment.

    Loyalty Program

    At Betmaster, your loyalty is highly valued. The platform offers a comprehensive loyalty program designed to reward Indian players for their continuous gameplay. Every bet you make earns you loyalty points, which can be later redeemed for various benefits such as bonus credits, free spins, or exclusive promotions. The more you play, the higher you climb in the loyalty program, unlocking even more exciting rewards.

    Refer a Friend Bonus

    Why enjoy the bonuses alone when you can share the excitement with your friends? Betmaster’s refer-a-friend bonus program allows you to invite your friends to join the platform. Not only do they get to enjoy the fantastic bonuses, but you also receive rewards for successful referrals. It’s a win-win situation that allows you to expand your gambling circle while earning additional bonuses.

    Exploring the Range of Bonuses Offered by Betmaster for Indian Players

    Free Spins Promotions

    Love spinning the reels of online slots? Betmaster ensures that Indian players have ample opportunities to enjoy free spins on some of the most popular slot games. Keep an eye on the platform’s promotions, as they often include free spins offers. Make the most of these promotions and discover new games or spin the reels on your favorites without denting your bankroll.

    Exclusive Promotions

    Betmaster goes the extra mile to cater to Indian players by offering exclusive promotions. These are tailor-made bonuses or limited-time offers specifically designed with Indian players in mind. Keep an eye on the promotions page to stay updated on these exclusive offers. Don’t miss out on the chance to enjoy additional perks and rewards while playing your favorite casino games.

    Conclusion

    Betmaster truly understands the needs and preferences of Indian players. With their wide range of bonuses, they ensure that every player gets the most out of their gambling experience. From welcome bonuses to deposit bonuses, cashback offers, and loyalty rewards, there’s something for everyone. So, why wait? Join Betmaster today, claim your bonuses, and embark on an unforgettable online gambling adventure.

  • Ultimate Guide to Player Safety: Top Security Features at 888starz Bet for Indian Players

    Ensuring Player Safety: Security Features at 888starz Bet for Indian Players

    When it comes to online betting, player safety is a paramount concern. At 888stars this focus is evident in their comprehensive suite of security measures. These features are designed to provide Indian players with a safe and secure betting environment.

    Encryption Technology at 888starz Bet

    One of the primary security measures at 888starz Bet is the use of advanced encryption technology. By encrypting all communications, the platform ensures that sensitive information such as financial data and personal details are protected from unauthorized access. This level of security is crucial for preventing data breaches and maintaining player trust.

    Secure Payment Methods

    888starz Bet offers a variety of secure payment methods that are well-regarded in the online betting industry. These methods include credit and debit cards, e-wallets, and bank transfers. Each transaction is monitored and protected by sophisticated encryption protocols, adding an extra layer of security for the players.

    Account Verification and Authentication

    To maintain the integrity of its platform, 888starz Bet employs rigorous account verification and authentication processes. New players are required to verify their identity through official documents. This process helps prevent fraudulent activities and ensures that all users are legally permitted to participate in online betting.

    Responsible Gaming Policies

    In addition to technological measures, 888starz Bet is committed to promoting responsible gaming. The platform provides multiple tools and resources to help players manage their betting activities. These include self-exclusion options, deposit limits, and access to professional support services.

    Mobile Casino Experience at 888starz Bet: A Convenient Option for Indian Players

    24/7 Customer Support

    888starz Bet offers 24/7 customer support to assist players with any security concerns or issues. The support team is highly trained in handling security-related inquiries and can provide immediate assistance through various communication channels, including live chat, email, and phone.

    Regular Security Audits

    To ensure continued compliance with security standards, 888starz Bet undergoes regular audits by independent security firms. These audits assess the effectiveness of the platformโ€™s security measures and identify areas for improvement. This proactive approach helps maintain a high level of security for all users.

    Data Privacy Regulations

    Compliance with data privacy regulations is another essential aspect of 888starz Betโ€™s security framework. The platform adheres to international standards for data protection, ensuring that player information is handled with the utmost care. This commitment to data privacy is critical for maintaining player confidence and trust.

    Conclusion

    Player safety remains a top priority at 888starz Bet. Through advanced encryption, secure payment methods, stringent account verification, responsible gaming policies, 24/7 customer support, regular security audits, and compliance with data privacy regulations, 888starz Bet ensures a secure betting environment for Indian players.

    Frequently Asked Questions (FAQ)

    • What encryption technology does 888starz Bet use?

      888starz Bet uses advanced encryption technology to secure communications and protect player data from unauthorized access.

    • How can I verify my account at 888starz Bet?

      Players can verify their accounts by submitting official documents that confirm their identity, ensuring a secure betting environment.

    • Are the payment methods at 888starz Bet secure?

      Yes, 888starz Bet offers a variety of secure payment methods, including credit and debit cards, e-wallets, and bank transfers, all protected by encryption protocols.

    • What responsible gaming tools are available at 888starz Bet?

      888starz Bet provides self-exclusion options, deposit limits, and access to professional support services to help players manage their betting activities responsibly.

    • How does 888starz Bet ensure data privacy?

      888starz Bet adheres to international data privacy regulations, ensuring that player information is protected and handled with care.

    • What should I do if I have a security concern at 888starz Bet?

      Players can contact the 24/7 customer support team for immediate assistance with any security-related inquiries or issues.

  • Frequently Asked Questions: Compliance & The Returnable Grant

    Frequently Asked Questions: Compliance & The Returnable Grant

    Returnable Grants (RGs) have emerged as a transformative financial instrument, driving economic empowerment and livelihood for vulnerable communities.

    A Returnable Grant (RG) provides short-term, affordable, and flexible capital (zero interest and zero collateral) to individuals and entrepreneurs. The RG levies individuals with a moral (and not legal) obligation to repay.

    Organisations such as Godrej, S&P Global, 360 One, Michael Susan, and Dell Foundation have embraced RGs as a central component of their projects aimed at supporting financial inclusion and livelihoods of informal workers, microentrepreneurs, farmers, artisans, and beauty entrepreneurs, and have seen its transformative impact through increased financial knowledge, increased incomes, and access to new skills and jobs.

    This blog addresses frequently asked questions on compliance of Returnable Grants.

    Hereโ€™s how it works

    Donors who are interested in adopting Returnable Grants as a feature in their projects onboard a technical partner (Collective Good Foundation), who designs and structures the returnable grant, provides performance management support, and identifies the donorโ€™s choice of recipients.

    The criteria for selection are as follows:

    • First-time participants who are in need of capital, also known as โ€˜New to Creditโ€™ or NTC, and can be introduced to the credit ecosystem through the returnable grants model
    • Potential ability of selected participants to repay as a cohort
    • Existing engagement or relationship with non-profit partners, to understand if the Returnable Grant can be a good layer on other interventions

    Where does the Money Go?

    Returnable Grants allow money to be directly credited into the ย beneficiaryaccounts or given out as cash equivalents such as vouchers. This process is supported by non-profit organisations or non-banking financial company (NBFC) partners. Once a returnable grant is repaid, it is circulated back into the repayment ecosystem to support additional participants with similar needs.Returnable Grant Fund Flow

    ย 

    What are the FCRA/CSR norms, and how does it apply to organizations (donor and non-profits) using the RG model?

    Compliance from an FCRA lens

    What is the FCRA, and how does it apply to organizations using the RG model?

    • The FCRA is a regulatory framework that aims to regulate foreign contributions for economic and social programs.
    • This applies to foreign funds from foreign donors (foundations, bilateral agencies, multilateral agencies, HNIs, etc.)
    • RGs, designed within the FCRA guidelines, fall within the ambit of an economic and social program under Section 11(1) of the FCRA, 2010. This ensures the utilization of funds aligns with the intended purpose.

    How does the RG model comply with FCRA regulations?

    • RGs are implemented through trusted partners, such as Non-Banking Financial Companies (NBFCs).
    • These partners distribute the funds to selected participants, who repay the partners instead of repatriating the money to the original funders.
    • This continuous circulation within the beneficiary ecosystem maximizes outreach and impact while complying with the FCRA guidelines.
    • Funds given by CGF (registered under FCRA) to the beneficiary Is not considered as sub-granting under FCRA as amended In September 2020.
    • Also, the NBFC Is simply the channel for transfer of FCRA funds to the beneficiaries Bank Account

    Compliance from a CSR lens

    CSR regulations apply to corporates registered under the Indian Companies Act.

    How do RGs align with CSR regulations?

    • RGs can be categorized under Schedule VII of the Companies Act, 2013, which outlines eligible CSR activities.
    • By deploying RGs for approved initiatives, organizations fulfil their CSR expenditure obligations and contribute to social impact.

    How is the utilization of RG funds tracked to ensure CSR compliance?

    • Once RG funds are received by the first set of beneficiaries, they are deemed to be utilized, satisfying the company’s CSR obligation.
    • As participants repay the funds, they are recirculated within the participant ecosystem and tracked to ensure compliance with CSR regulations. The recirculation within the beneficiary ecosystem Is purely a value added advantage of this model.

    Common compliance:

    • Once the first round of RGs are disbursed, funds are recorded as utilised for the project – fulfilling FCRA and CSR regulations
    • Repaid funds are given to other deserving participants within the eco-system. Money is never returned to the donor and continues to rotate in the participant ecosystem until all funds are utilized.
    • Alternatively, at the end of a certain period, the donor can choose to spend the money as a grant for aligned activities, compliant with CSR and FCRA norms
    • Donors can choose to receive updates and impact reports until all funds are exhausted

    ย 

    What are some key considerations for non-profits using the RG model to ensure compliance with CSR regulations?

    • Adhering to FCRA guidelines when utilizing foreign funds for RGs.
    • Aligning RG activities with the approved categories in Schedule VII of the Companies Act, 2013.
    • Ensuring beneficiaries receive the funds in their designated bank accounts.
    • Verifying that the funds are used for specific business use cases and not for activities prohibited by law.

    Are Indian not for profits typically tax exempt? Who are the secondary recipients who can recover and redeploy Returnable Grants

    • Yes, Indian non-profits are tax exempt.
    • Secondary recipients can only be not for profits, or designated intermediaries on behalf of the NGOs such as NBFCs (Non Banking Financial Corporations)

    What are the factors affecting the returnability of a Returnable Grant?

    • The timeline of a Returnable Grant depends on nature and requirement of the cohort.
    • It may be returned during any time period โ€“ from a few months or within a few years – depending on the size of Returnable Grant, nature of cohorts and changed field conditions.

    Are there any restrictions on the use of RG funds for CSR activities, and if so, what are they?

    • While there are no specific restrictions, organizations must ensure that the utilization of RG funds aligns with approved CSR activities as per Schedule VII of the Companies Act, 2013.

    What reporting and monitoring requirements are associated with the use of RG funds for FCRA/CSR activities?

    • Organizations must maintain proper records of fund utilization, prepare periodic reports, and ensure transparency in reporting.

    Returnable grants (RGs) provide a compliant and transformative approach for donors and non-governmental organizations (NGOs) to create sustainable impact in communities they service. By embracing RGs, donors can unlock greater financial resources to drive economic empowerment and improve livelihoods for vulnerable individuals and entrepreneurs. The unique design of RGs instils a sense of responsibility and empowerment among recipients, fostering a culture of self-sufficiency and long-term success.

    Through the adoption of RGs, donors and NGOs have a powerful tool to effect long term positive change with vulnerable and at-risk communities.

  • Protecting human capital to emerge from the crisis

    Protecting human capital to emerge from the crisis

    Corporate leaders recommend fortified social security provisions for gig economy workers. Business leaders called for reimagined approaches to social security and employer-employee relationships in the gig economy in light of the gaps that the COVID-19 crisis has revealed.

  • The Five Ways CSR Heads Can Create Lasting Change

    The Five Ways CSR Heads Can Create Lasting Change

    The  inaugural session of CSR Cafรฉ was held on July 4, 2018 and at Cafe Zoe, and was facilitated by Luis Miranda, Trustee โ€“ Collective Good Foundation, Chairman โ€“ Centre for Civil Society and Chairman โ€“ CORO, The session was focused around the โ€˜The Five Ways CSR Heads Can Create Lasting Change.โ€™

    Participants shared their insights and experiences on managing multiple mandates as a CSR Leader, the struggle with engaging stakeholders, the need for more sectoral research and the potential for collaboration among themselves and with the government. The following is a summary of themes explored:

    • The role CSR plays in addressing social issues has evolved. CSR leaders, the board and other stakeholders must now re-assess their definitions and approaches to CSR, and explore how it can play a role in inspiring change and social action in the wider ecosystem. This re-alignment must become part of both strategy and implementation for CSR to become an effective catalyst for social change.
    • Effectively communicating about CSR can build engagement with internal and external stakeholders, and keep them invested in the organizationโ€™s CSR activities.
    • Many articulated the need for continuous, rigorous research that analyzed what was going right, and how to manage what was going wrong. Forums such as CSR Cafรฉ and a seminal industry publication, are required to share research and explore areas that need research while identifying relevant tools, models and resources.
    • Collaboration is the way forward for many. Of the many forms of collaboration, the following were the most commonly articulated:
    • The Government while being the largest delivery agent for social welfare, struggles to deliver effectively to the last-mile. Companies could bridge this gap by using their expertise and CSR funds to help the government deliver its solutions to the end beneficiary; and help beneficiaries access the governmentโ€™s social welfare pool.
    • The sheer jump in the number of CSR interventions has led to replication of efforts with little cross pollination or dialogue. Companies, by working together, could increase the scope and scale of their CSR and impact. For instance, small companies can scale up effective solutions, while larger companies can create and sustain stronger grassroots network & linkages.

    Follow us on social media to keep updated about the valuable learning from this formidable community of CSR leaders. If you and your company are interested in participating in this forum, do reach out to us at team.comms@dev.samhita.org.

  • From Opportunity to Success: Microsoft’s Holistic Approach to Supporting Women Entrepreneurs

    From Opportunity to Success: Microsoft’s Holistic Approach to Supporting Women Entrepreneurs

    When it comes to keeping up with the digital age, women in India face several challenges, which have a significant influence on the growing digital gap in the country. Microsoft, through its CSR Program, has supported a total of 10,000 women entrepreneurs, with the last 5,000 beneficiaries benefiting from a comprehensive approach that includes digital and financial literacy, bookkeeping, mentoring, advanced training for participants, and access to government schemes, all of which are aligned with the theme of sustainable entrepreneurship.

    Weaving Entrepreneurial Dreams, One Stitch at a Time: Manisha from Nuh, Haryanaย 

    “After the program, I felt that in order to grow the business, I need to be educated further.”

     

    Manisha, is a determined young entrepreneur, from Bichhor village in Nuh district, Haryana. At the age of 19, she found herself in a challenging situation where she had to drop out of school to support her family financially. The conservative environment in Nu district further exacerbated the impact on Manishaโ€™s life as her family opposed her desire to pursue education. As a result, she was confined to her home, without any opportunities for formal learning.

    Despite facing these challenges, Manishaโ€™s determination led her to seek guidance from her sister, who was skilled in tailoring. She quickly learned from her and began taking orders directly from home. However, the income from her limited customer base within the village was insufficient.ย 

    A major turning point for her was when she became a part of the REVIVE program, spearheaded by Microsoft. This program taught her how to utilise digital tools and effectively manage her cash flow, enabling her to expand the business and reach a larger customer base. Moreover, it made her realise the untapped potential of her own phone for conducting various business related activities beyond mere communication.

    Additionally, the programโ€™s impact extended well beyond the realm of business, positively influencing the overall wellbeing of the community. Nu district, known for its persistent problem of financial fraud and crime, had long been a burden on its residents. However, with the implementation of the REVIVE program, individuals like Manisha gained valuable skills to safeguard themselves from such incidents, fostering a newfound sense of resilience and empowerment that surpassed societal gender constraints.ย 

    Encouraged by such transformative effects and positive changes within the community, Manishaโ€™s parents had a change of heart and agreed to support her in pursuing higher education. This marked the beginning of a promising chapter in her life, where she could simultaneously nurture her business and embrace the educational opportunities she had longed for.ย 

    Manishaโ€™s case study exemplifies the impact of Microsoftโ€™s holistic approach in supporting women entrepreneurs. By providing digital and financial literacy, access to tools and resources and mentoring, Microsoft has empowered women like her to overcome challenges, achieve business growth, and pursue their dreams.ย 

     

    UNDERSTANDING THE CHALLENGES

    Entrepreneurship among women is a vital component of the overall solution. However, women-owned enterprises in India face a number of challenges, including:

    • Inadequate access to skilling: Women entrepreneurs often lack the skills and training necessary to run a successful business. This might make it harder for them to compete with more established businesses.
    • Lack of market linkages: This may be attributed to a lack of knowledge of their products and services, as well as social and cultural barriers that restrict women from accessing the market.ย 
    • Limited access to finance: Women frequently experience difficulties acquiring loans or other sources of funding. This might make it difficult for them to establish or grow their businesses.
    • Socio-cultural barriers: Constraints such as inadequate access to skilling, lack of market linkages, limited financial access, and societal biases represent substantial hurdles for women entrepreneurs. These barriers impede their long-term viability and ability to innovate.

    Moreover, the digital divide exacerbates these challenges, making it difficult for them to leverage technology for business growth and success. Therefore, addressing these challenges is essential to unlocking the full potential of women entrepreneurs.

     

    MICROSOFTโ€™S PROGRAM INTERVENTION

    Microsoft’s CSR Program stands as a shining example of a holistic approach to bridge the digital divide and support women entrepreneurs in India. Recognising the significance of digital tools as a leapfrog intervention in economic empowerment. Microsoft aims to support women micro-entrepreneurs by providing them with the necessary tools and resources to thrive in the digital age.ย 

    Initiated as a pilot program targeting 5,000 women entrepreneurs in rural India, with the goal of providing them with digital and financial literacy skills as well as the capacity to effectively operate, manage, and develop their enterprises.ย 

     

    HOLISTIC SUPPORT FOR WOMEN ENTREPRENEURS

    Using a blended support model, Samhitaโ€™s partnership with Microsoft has aimed to address barriers and strengthen the womenโ€™s entrepreneurship ecosystem across 10 states by focusing on the following key areas:

    • Digital and Financial Literacy (DFL): Capacity Building Sessions were conducted to enhance women entrepreneursโ€™ digital and financial literacy. These sessions covered topics such as concepts of banking, insurance, and using digital tools such as mobile devices, internet, social media, email, and awareness of e-security and safety.
    • Digital Bookkeeping Tools: Women micro-entrepreneurs were introduced to user-friendly digital bookkeeping tools that streamlined their financial processes. By using the tools, they were able to improve accuracy, enhance cash flow visibility, and make informed decisions based on real-time data. These tools, built on Microsoft Azure, provide flexibility so that they can be used both online and offline, ensuring accessibility even in areas with limited internet connectivity.ย 
    • Performance-linked incentives: To encourage and motivate digitization in the first phase, high-performing women entrepreneurs or those with progressive engagement were rewarded with incentives.ย 
    • Handholding support: To promote sustained use of digital tools, and follow-ups for additional resources or support.

     

    THE PROGRAMโ€™S OVERALL IMPACT

    The first phase of the program successfully trained 5000 women entrepreneurs in digital and financial literacy, and provided them with access to user-friendly digital bookkeeping tools. These efforts yielded the following achievements:

    • 44.1% of participants continue to actively maintain digital account books for their businesses.
    • 62% of women began tracking their borrowing and lending by the end of the program as compared to only 27% at the start of the program.ย 
    • The number of women tracking inventory, banking operation, and payments increased by 10%, 14%, and 19%, respectively.ย 

    A significant proportion of women entrepreneurs were able to digitize their bookkeeping practices, and were also able to obtain small formal bank loans because of these efforts. These included women entrepreneurs from various cohorts such as artisans, street vendors, dairy farmers and tailors.

     

    SCALING UP AND ADDRESSING ADDITIONAL NEEDS

    In the second phase, the program has been scaled up to support an additional 5,000 women entrepreneurs and it includes multiple interventions, in addition to digital literacy:

    • Access to Finance: Access to formal financial resources remains a significant challenge for women entrepreneurs, which was addressed by facilitating access to credit and connecting women with financial institutions. By building relationships with banks and fostering partnerships, the program enabled the participants to secure financial resources. This support empowered them to invest in their business, expand their operations, and achieve sustainable growth.
    • Social Protection: By unlocking relevant government schemes and services, women entrepreneurs were able to leverage them to access funding, business development resources, and market opportunities. This strategic approach propelled their enterprises forward by providing them with the necessary support and resources to overcome barriers.
    • Mentoring and Peer Support: Through mentorship, these women entrepreneurs received valuable guidance, industry insights, and access to networks, enabling them to make informed decisions and seize new opportunities. Additionally, the program created peer support networks that fostered a sense of community, allowing women to share experiences and learn from one another.

     

    KEY LESSONS FOR DRIVING IMPACT

    Microsoftโ€™s program has provided valuable lessons for scaling up and replicating holistic support models for womenโ€™s entrepreneurship. There are two key lessons that have emerged from this program:

    • Customisation: It is essential to address the specific needs and contexts of women entrepreneurs. By tailoring interventions, organisations can effectively address the specific requirements of women entrepreneurs, increasing their chances of success.
    • Partnerships: Collaborations with financial institutions, government agencies, and community organisations create a comprehensive ecosystem of support that helps in offering assistance and guidance to women entrepreneurs in their businesses.ย 

     

    These lessons serve as valuable guidelines for organisations aiming to develop impactful programs for women entrepreneurs, and Microsoftโ€™s Program stands as a testament to the effectiveness of such an approach. Ultimately, when organisations combine tailored approaches with strategic partnerships, they can create an environment for women entrepreneurs to thrive.

    This article was editorialised by Ayushi Bhatnagar and Evans Rebello.

  • Frequently Asked Questions: Compliance & The Returnable Grant

    Frequently Asked Questions: Compliance & The Returnable Grant

    Returnable Grants (RGs) have emerged as a transformative financial instrument, driving economic empowerment and livelihood for vulnerable communities. A Returnable Grant (RG) provides short-term, affordable, and flexible capital (zero interest and zero collateral) to individuals and entrepreneurs. The RG levies individuals with a moral (and not legal) obligation to repay.

    Organisations such as Godrej, S&P Global, 360 One, Michael Susan, and Dell Foundation have embraced RGs as a central component of their projects aimed at supporting financial inclusion and livelihoods of informal workers, microentrepreneurs, farmers, artisans, and beauty entrepreneurs, and have seen its transformative impact through increased financial knowledge, increased incomes, and access to new skills and jobs.

    This blog addresses frequently asked questions on compliance of Returnable Grants.

    Hereโ€™s how it works

    Returnable Grant Fund flow

    Donors who are interested in adopting Returnable Grants as a feature in their projects onboard a technical partner (Collective Good Foundation), who designs and structures the returnable grant, provides performance management support, and identifies the donorโ€™s choice of recipients.

    The criteria for selection are as follows:

    • First-time participants who are in need of capital, also known as โ€˜New to Creditโ€™ or NTC, and can be introduced to the credit ecosystem through the returnable grants model
    • Potential ability of selected participants to repay as a cohort
    • Existing engagement or relationship with non-profit partners, to understand if the Returnable Grant can be a good layer on other interventions

    Where does the Money Go?

    Returnable Grants allow money to be directly credited into the ย beneficiaryaccounts or given out as cash equivalents such as vouchers. This process is supported by non-profit organisations or non-banking financial company (NBFC) partners. Once a returnable grant is repaid, it is circulated back into the repayment ecosystem to support additional participants with similar needs.

    What are the FCRA/CSR norms, and how does it apply to organizations (donor and non-profits) using the RG model?

    Compliance from an FCRA lens

    What is the FCRA, and how does it apply to organizations using the RG model?

    • The FCRA is a regulatory framework that aims to regulate foreign contributions for economic and social programs.
    • This applies to foreign funds from foreign donors (foundations, bilateral agencies, multilateral agencies, HNIs, etc.)
    • RGs, designed within the FCRA guidelines, fall within the ambit of an economic and social program under Section 11(1) of the FCRA, 2010. This ensures the utilization of funds aligns with the intended purpose.

    How does the RG model comply with FCRA regulations?

    • RGs are implemented through trusted partners, such as Non-Banking Financial Companies (NBFCs).
    • These partners distribute the funds to selected participants, who repay the partners instead of repatriating the money to the original funders.
    • This continuous circulation within the beneficiary ecosystem maximizes outreach and impact while complying with the FCRA guidelines.
    • Funds given by CGF (registered under FCRA) to the beneficiary Is not considered as sub-granting under FCRA as amended In September 2020.
    • Also, the NBFC Is simply the channel for transfer of FCRA funds to the beneficiaries Bank Account

    Compliance from a CSR lens

    CSR regulations apply to corporates registered under the Indian Companies Act.

    How do RGs align with CSR regulations?

    • RGs can be categorized under Schedule VII of the Companies Act, 2013, which outlines eligible CSR activities.
    • By deploying RGs for approved initiatives, organizations fulfil their CSR expenditure obligations and contribute to social impact.

    How is the utilization of RG funds tracked to ensure CSR compliance?

    • Once RG funds are received by the first set of beneficiaries, they are deemed to be utilized, satisfying the company’s CSR obligation.
    • As participants repay the funds, they are recirculated within the participant ecosystem and tracked to ensure compliance with CSR regulations. The recirculation within the beneficiary ecosystem Is purely a value added advantage of this model.

    Common compliance:

    • Once the first round of RGs are disbursed, funds are recorded as utilised for the project – fulfilling FCRA and CSR regulations
    • Repaid funds are given to other deserving participants within the eco-system. Money is never returned to the donor and continues to rotate in the participant ecosystem until all funds are utilized.
    • Alternatively, at the end of a certain period, the donor can choose to spend the money as a grant for aligned activities, compliant with CSR and FCRA norms
    • Donors can choose to receive updates and impact reports until all funds are exhausted

     

    What are some key considerations for non-profits using the RG model to ensure compliance with CSR regulations?ย 

    • Adhering to FCRA guidelines when utilizing foreign funds for RGs.
    • Aligning RG activities with the approved categories in Schedule VII of the Companies Act, 2013.
    • Ensuring beneficiaries receive the funds in their designated bank accounts.
    • Verifying that the funds are used for specific business use cases and not for activities prohibited by law.

    Are Indian not for profits typically tax exempt? Who are the secondary recipients who can recover and redeploy Returnable Grants

    • Yes, Indian non-profits are tax exempt
    • Secondary recipients can only be not for profits, or designated intermediaries on behalf of the NGOs such as NBFCs (Non Banking Financial Corporations)

    What are the factors affecting the returnability of a Returnable Grant?

    • The timeline of a Returnable Grant depends on nature and requirement of the cohort.
    • It may be returned during any time period โ€“ from a few months or within a few years – depending on the size of Returnable Grant, nature of cohorts and changed field conditions.

    Are there any restrictions on the use of RG funds for CSR activities, and if so, what are they?

    • While there are no specific restrictions, organizations must ensure that the utilization of RG funds aligns with approved CSR activities as per Schedule VII of the Companies Act, 2013.

    What reporting and monitoring requirements are associated with the use of RG funds for FCRA/CSR activities?

    • Organizations must maintain proper records of fund utilization, prepare periodic reports, and ensure transparency in reporting.

    Returnable grants (RGs) provide a compliant and transformative approach for donors and non-governmental organizations (NGOs) to create sustainable impact in communities they service. By embracing RGs, donors can unlock greater financial resources to drive economic empowerment and improve livelihoods for vulnerable individuals and entrepreneurs. The unique design of RGs instils a sense of responsibility and empowerment among recipients, fostering a culture of self-sufficiency and long-term success.

    Through the adoption of RGs, donors and NGOs have a powerful tool to effect long term positive change with vulnerable and at-risk communities.

  • Amplifying Impact: The Multiplier Effect of Returnable Grants in Financial and Social Transformation

    Amplifying Impact: The Multiplier Effect of Returnable Grants in Financial and Social Transformation

    Returnable Grants (RGs) have revolutionized the landscape of financing and social impact, providing leverage from a funding perspective while creating a multiplier effect for participants that drives positive change. The RG with its unique zero-interest, zero-collateral, no legal obligation to repay has the potential to become a catalysing tool that can empowering individuals and businesses that were previously deemed “ineligible” or “high-risk” to access formal credit.

    Since 2021, our experience with the RG has shown success and scalability across various communities:

    • Over 32,000+ participants have already been impacted
    • Outstanding overall repayment rate of 93%.
    • More than 50% of these participants are women, emphasizing the role of RGs in promoting gender equality and empowering marginalized groups.

    In this blog, we will explore the transformative potential of RGs and how they have garnered support from leading donors โ€“ corporate and philanthropic – to create a ripple effect leading to sustainable change for the communities they serve.

    Driving Leverage from Funding and Financial Perspectives

    RGs have captured the attention from corporate and philanthropic donors due to their ability to mobilise additional capital and maximize the reach and effectiveness of financial support. This โ€˜leverageโ€™ expands the pool of resources, ย bridges funding gaps. As RGs are repaid, the funds can be recycled and reinvested, creating a sustainable funding cycle that perpetuates the impact over time. Additionally, RGs can complement larger-scale initiatives, multiplying their impact through the integration of financial resources.

    Creating a Multiplier Effect for Lasting Impact

    The multiplier effect of RGs goes beyond the immediate participant group. By supporting micro-entrepreneurs access capital, RGs can stimulate local economies, generate employment opportunities, and contribute to community development. As these businesses flourish and incomes increase for the microentrepreneur, they are able to expand their business and create more employment opportunities leading to overall economic growth in their community โ€“ demonstrating the transformative potential of RGs in addressing socio-economic challenges and fostering sustainable development. Several successful cohorts have witnessed multiplier effects of 2-3x, indicating the power of RGs when supported by the right partners and infrastructure.

    Examples of Donor Support for Returnable Grants

    Returnable Grants have garnered significant attention and support from ย donors who recognize the transformative power of the RG and have actively supported their implementation across various stakeholder groups. For instance:

    • Vinati Organics where over 4000 people got the RG at 100% repayment rate
    • Arvind Ltd has supported 297 blue-collar workers, providing RGs to enhance their livelihoods and create economic opportunities.
    • S&P Global has targeted 1920 street vendors and artisans, enabling them to thrive through RG support.
    • Godrej has focused on empowering 692 beauty entrepreneurs, fostering their growth through RG investments

     

    .

    These initiatives have been able to demonstrate the tangible benefits of RGs in transforming communities, promoting gender equality, revitalizing rural economies, preserving
    traditional crafts, and improving livelihoods. Moreover, RGs provide a sustainable funding cycle, as they can be recycled and reinvested into new cohorts, ensuring a continuous flow of capital for long-term impact amplifying the effectiveness of their philanthropic efforts.

    Towards Institutionalization and Financial Inclusion

    To further enhance financial inclusion, efforts are underway to institutionalize RGs as a viable alternative for improving livelihoods. Collaborations with regulators and financial institutions aim to link RGs with pre-credit scores and a credit guarantee to providing access to formal credit for high-risk individuals who would otherwise be excluded. By leveraging RG repayment rates to build pre-credit scores, participants’ creditworthiness is enhanced, opening doors to the formal economy. This integration fosters sustainable economic growth and development, benefiting both individuals and the larger community.

    Returnable Grants offer a unique approach to funding and financial inclusion, providing leverage and driving a multiplier effect of impact. As the momentum behind RGs continues to grow, we see potential to enhance the way we address social challenges, paving the way for a future where finance empowerment becomes a force for positive change and where everyone has the opportunity to thrive.

  • Implementing the SDGs for Womenโ€™s Health using a Global Approach

    โ€œAll countries should strive to make accessible, through the primary healthcare system, reproductive health to all individuals of appropriate ages as soon as possible and no later than the year 2015.โ€

    In 1994, the International Conference on Population and Development (ICPD) collectively agreed upon achieving the goal of reproductive health for all by 2015. Although universal agendas set the tone for progress in the allied areas, there prevails a significant vacuum between the implementation stages and the practice of engaging with family planning needs. The United Nations has stressed the importance of reallocation and mobilisation of financial resources.

    โ€˜Among the 1.9 billion women of reproductive age (15-49 years) living in the world in 2019, 1.1 billion have a need for family planning, that is, they are either current users of contraceptives or have an unmet need for family planning. Of these 1.1 billion women, 842 million use modern methods of contraception and 80 million use traditional methods of contraception.โ€™   Source: Family Planning and the 2030 Agenda for Sustainable Development: Data Booklet

    Healthcare interventions need to recognize the local context, unique to certain cultures. the nature of health facilities, commercial outlets, and existing community-based systems. The WHO also promotes a reproductive health strategy that emphasises on strengthening the existing healthcare services to introduce new interventions in the allied areas.

    Womenโ€™s participation in community organisations like SHGs and other microfinance programs generates non-financial benefits, improves social capital, reduces inequality, and improves health outcomes in terms of access to maternal services. It establishes a positive correlation in the improvement in availability of SHGs and an improvement in maternal health and wellbeing. In India, several studies have found an association between self-help groups (SHGs), the most prominent model of microfinance delivery and maternal health and well-being[1]. For instance, a project in Maharashtra trained women SHG members as health workers and provided funds for health emergencies with literacy training showed a reduction in infant mortality from 176 to 19 per 1000, 40 to 20 per 1000 birth rates, nearly universal access to antenatal care, safe delivery, and immunisation and decline in malnutrition from 40% to 5%  in two decades after 1970[2]. 

    An integrative approach (both top down and bottom up approaches) towards Sexual and Reproductive Health is critical for the purpose of better health outcomes, education and gender equality. All the 17 goals under SDGs are interconnected and they intend to drive the allocation of the global financial and human resources along with guiding nationsโ€™ policy priorities until 2030.

    The SDGs must address areas pertaining to SRHR and gender equality explicitly. Without doing so, the progress in such areas will be difficult to measure and to act upon the SDGs. In other words, there are two central challenges the SDGs face with regard to Sexual and Reproductive Health and Rights, i.e. lack of direct attention based on sexual health and lack of focus on context-specific problems in terms of meeting and improving sexual health needs. Specific targets pertaining to Sexual and Reproductive Health are as follows:

    SDG 3. Ensure healthy lives and promote well-being for all at all ages  SDG 5. Achieve gender equality and empower all women and girls
    Target 3.1:  By 2030, reduce the global maternal mortality ratio to less than 70 per 100,000 live birthsTarget 5.1: End all forms of discrimination against all women and girls everywhere  
    Target 3.7:  By 2030, ensure universal access to sexual and reproductive health-care services, including for family planning, information and education, and the integration of reproductive health into national strategies and programmes.Target 5.2: Eliminate all forms of violence against all women and girls in the public and private spheres, including trafficking and sexual and other types of exploitation  
     Target 5.3: Eliminate all harmful practices, such as child, early and forced marriage and female genital mutilation

    In addition SDG #4, which seeks to Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all canprovide children and youth with unbiased, scientifically correct information on all aspects of sexuality. At the same time, it helps them develop the skills to act upon this information. Such education also incorporates concepts of human rights and gender equality. Research shows that programmes sharing certain key characteristics can help in promoting safer SRH practices: abstaining from or delaying the start of sexual relations, reducing the frequency of unprotected sexual activity, reducing the number of sexual partners, and increasing the use of contraceptive options against unintended pregnancy and STIs during sexual intercourse.

    Working with men and boys to challenge gender inequalities can also have a positive impact on the health and well-being of women and girls. It is also important to recognize that men and boys also have health vulnerabilities. There is a growing recognition that an improvement in the SRH of boys, an area that has largely been neglected, is crucial for the improvement of that of girls.

    SDG# 17 highlights the need for multi-stakeholder partnerships for the Goals to achieve impact at scale. Better access to family planning programs has been estimated to result in almost 40% increase in womenโ€™s monthly wages, increasing womenโ€™s control and agency over finances and property, and enabling greater long-term savings. This requires engagement with collaborative partnerships at local, national, and international levels. Governments and stakeholders, including corporates, can workwith family planning organisations at national and international levels, and with local NGOs and government health services to ensure long term capacity building to address reproductive and sexual health needs of the community. This is important to address issues of high maternal mortality, poor access to contraception and reproductive health services, and high cervical cancer death rates. For instance, the partnership between USAID and the Indian government, along with private and civil society organisations has strengthened health challenges including maternal and child mortality in the country. The partnership focused on improving the reach, impact, affordability, and quality of healthcare services[3].

    In alignment with the WHO, SRH action plan and its three closely interlinked goals, corporates can align their health projects with the global goals and benchmarks by:

    1. Undertaking extensive and intensive awareness programmes for adolescents and youth, enabling informed decision making and preventing and responding to sexual violence by addressing gender inequality and cultural norms from a rights-based perspective.
    2. Build capacities of local health facilities by expanding and strengthening people-centred SRH care services for the vulnerable, disadvantaged, and hard-to-reach groups.
    3. Collaborate with governments at multiple levels to exchange learnings and promote people centred laws regarding SRH rights that are capable of addressing the needs of all.

    Living up to the commitment to achieve universal access to reproductive health by 2030 requires the monitoring of key family planning indicators. Many SRH services, like contraception and abortion care, antenatal and post-natal care, can be provided through primary healthcare centres (PHCs). Thus, integrating SRH with PHCs for Universal Health Coverage (UHC) requires development of strategy and commitment from different stakeholders.

    Information on sexual and reproductive health is important to support decision-making to advance initiatives and to develop effective programs addressing health needs. The two new tools – Handbook and Learning by Sharing Portal, released by WHO can be used by funding corporates, policymakers, programme managers, implementers, civil society and research organisations in developing coherent strategies to integrate best practices for making health systems more adaptive[4].

    HandbookLearning by sharing portal
    A guide for planning and implementing SRH services in health benefit packages, accountability processes and measures. It highlights best practices from different countries can serve as an information resource lesson that can be adapted in different contexts. For instance, a safe abortion service in Ireland, evidence-based solution in addressing mistreatment of women in institutional deliveries in Guinea, etc. are learning lessons for strengthening SRH service delivery.Launched in July,2022, is a SRH-UHC portal for peer learning. The portal is an online repository of qualitative case studies that documents experiences of different stakeholders in integrating SRH in Universal Health Coverage(UHC) reforms. It serves as guide in developing normative tools to address SRH needs of women, adolescents, and other vulnerable communities. It features implementation stories from across the world like changing laws in Kazakhstan, partnerships for progress between governments, NGOs and the private sector in Mexico, Nepal, and Pakistan etc.

    Both the tools emphasise on the importance of meaningful participation of the people affected through health policies. However, to achieve universal access to SRH services integral efforts are required from the all the stakeholders including governments and corporates that will help align the FP2030 agenda with the SDGs to provide universal access to family planning and lead to healthy lives, informed decision making and participation of women as equals in the society. 

    [1] https://equityhealthj.biomedcentral.com/articles/10.1186/1475-9276-12-36

    [2] https://www.researchgate.net/publication/236956603_The_effect_of_Self-Help_Groups_on_access_to_maternal_health_services_Evidence_from_rural_India

    [3] https://www.usaid.gov/india/health

    [4] https://www.who.int/news/item/19-07-2022-universal-access-to-sexual-and-reproductive-health