INCLUSIVE AND RESPONSIBLE FINANCE FOR ENTERPRISES DEVELOPMENT: STUDY OF MANN DESHI BANK AND FOUNDATION

Paper Number :WP/07/2021
Publication Date :Dec. 1, 2021

Entrepreneurship is seen as a critical factor in promoting inclusive growth and development. Entrepreneurship among the poor women is seen as a survival rather than for growth or development, due to lack of access to formal finance, markets, skills and knowledge. For more than two decades, Mann Deshi Bank and Foundation in the State of Maharashtra pioneered with the responsible and inclusive banking approach for sustainable enterprise development. The financial and non-financial services offered by Mann Deshi with an inclusive approach benefited more than 2 lakhs woman members from the rural and urban areas of Maharashtra. This paper discusses various best practices adopted by Mann Deshi Bank and Foundation in enterprise development and financing. These approaches has wider potentiality to adopt and replicate in other geographical areas of the world for enterprise financing and development.