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YES Bank and FICCI FLO unveiled 'YES PowherUp' to empower and support women entrepreneurs.

Banking & Finance | Dated: 01 Jan 2025

In December 2024, YES Bank Limited, India's 6th largest private sector bank, in partnership with the Federation of Indian Chambers of Commerce and Industry (FICCI) Ladies Organisation (FLO), the largest women's chamber of commerce in the South Asia region, announced the launch of 'YES PowherUp', a specialized Micro, Small, and Medium Enterprises (MSME) programme designed to empower women entrepreneurs in promoting their businesses.

🎯 Key Highlights:

  • - The programme offers comprehensive financial solutions customized to cater to the unique requirements of women-led enterprises.
  • - It features specialized Small and Medium Enterprises (SME) loans, premium business accounts, international trade and forex services, investment opportunities, credit card options, and insurance plans.
  • - The programme includes SME Loans offering comprehensive funding solutions with a 50% processing fee waiver for FICCI FLO members, and the YES First Business Account providing premium transactional accounts with exclusive benefits for women entrepreneurs.

💡 Other Important Facts:

  • (i) The programme provides trade and forex solutions, enabling women entrepreneurs to access international markets.
  • (ii) Beneficiaries can trade up to ₹1.5 crore at zero brokerage for 60 days through YES Securities.
  • (iii) Specialized insurance plans are offered, including asset protection, cancer coverage, and discounted term plans.

📚 Test Your Knowledge:

Which bank recently partnered with FICCI FLO to launch the 'YES PowherUp' programme for women entrepreneurs?

Correct Answer: YES Bank

🚀 Quick Recap:

About YES Bank

  • CEO: Prashant Kumar
  • Headquarter : Mumbai