Beauty Entrepreneurship Program
IDFC FIRST Bank, in partnership with Pratham Training Institute, helps women from low-income groups to establish and manage their beauty enterprises. We do this by offering a truly holistic beauty entrepreneurship program to women. This program not only supports technical training in enterprise management, but also extends credit facilities and legal advice to them so that they can successfully sustain their business in the beauty industry.
This beauty entrepreneurship program is a self-sustaining model, where the grant amount is given as interest-free seed capital to the entrepreneur, and is repaid over a period of two years to the Pratham Training Institute. This amount is reinvested into the funding pool to train a new batch of beauty business owners.
We have supported 63 first-time women entrepreneurs through this beauty entrepreneurship since the start of this program in 2017.
Phase I of this program supported 41 women entrepreneurs with a seed capital of Rs. 15,30,000 and was successfully completed with a 95% recovery rate. Phase II supported 22 women entrepreneurs with a seed capital of ₹9,00,000 across different geographies of Mumbai, Nashik, Nagpur, Indore, Dhamtari and Bareilly. Two seminars were conducted for all the trainees in the last year. It included sessions on business planning and management marketing ideas that could boost their business.
At IDFC FIRST Bank, we aim to empower our customers to make a difference in the world. With this in mind, we bring you various initiatives in partnership with our partners that give you the opportunity to shoulder a cause of your choice.
Till date, we have 24+ programs that have impacted more than 50574 lives. Come, let’s together, put others FIRST.