Bengaluru, 01 September, 2025: NeoGrowth, a leading fintech NBFC, has supported more than 9,000 women entrepreneurs over the past three years, extending over ₹1,680 crore in funding. In FY 2024–25 alone, women-led enterprises accounted for a substantial 25% of total disbursals by value. The 11th edition of the NeoGrowth Impact Report positions this achievement within a broader approach of inclusive growth, sustainable practices, and strong governance, reflecting the company’s wide-ranging contributions to India’s MSME ecosystem. 

The report highlights that 80% of interviewed NeoGrowth customers are first-generation entrepreneurs who have built their ventures without inherited resources. With tailored financing from NeoGrowth, these business owners have been able to expand operations, invest in technology, and create employment. Tier II cities accounted for 27% of the loans advanced, by enabling entrepreneurs in these emerging hubs, NeoGrowth is helping strengthen local economies and, in turn, contributing to nation-building.

Embedding its multi-pronged Impact Approach into every aspect of its operations, NeoGrowth acts as a growth enabler for its customers. Its model combines technology-led underwriting, inclusive lending practices, and strong governance with targeted social and environmental initiatives. From enabling women entrepreneurs and first-generation business owners, to supporting Tier II city growth, creating jobs, and advancing sustainability goals, NeoGrowth’s approach ensures that each loan contributes to broader economic progress. This integrated framework allows the Company to scale impact consistently, proving that purposeful, responsible finance can drive enduring growth for India’s MSME sector.

Commenting on the impact the company is making, Arun Nayyar, Managing Director & CEO, NeoGrowth, said: “At NeoGrowth, we see ourselves as long-term partners in the success of India’s MSMEs. Our lending enables better livelihoods, accelerates digital adoption, drives employment & growth for Indian MSMEs.  By combining purposeful finance with a digital-first approach and deep community engagement, we are helping shape a more inclusive and resilient future.”

NeoGrowth’s lending approach is aligned with six of the United Nations Sustainable Development Goals (SDGs), including Gender Equality, Decent Work and Economic Growth, and Industry Innovation and Infrastructure. Beyond finance, the Company advances community impact through NeoShakti, its flagship CSR programme, which partners with the Times Foundation and Goonj to deliver livelihood initiatives, creating economic opportunities for women from underserved backgrounds.

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Since its launch in 2021, thousands of women small business owners have benefited from these kits. 62% of entrepreneurs supported from 2021 to 2023 have reported a substantial increase in their income, highlighting the transformative impact of this initiative on their livelihoods.

Saksham adopts a holistic approach by equipping skilled women small business owners, who are constrained by resource limitations, with tool kits. These kits, tailored to the needs of businesses across various sectors such as home-based beauty services, tailoring, homemade products, pedal rickshaws, and more, contain tools to improve product quality, enhance production efficiency, and grow their customer reach.

Suvendu Choudhury, Vice President of Operations, India and Customer Experience, MEISA at FedEx, emphasized the initiative’s broader implications, “We at FedEx firmly believe in the transformative power of investing in women’s empowerment. Focusing on dismantling the barriers to women’s economic participation, and having supported over a thousand beneficiaries to date, allows us to contribute to inclusion and drive significant progress toward equitable growth. Embracing diversity and inclusivity is crucial, not only as a moral imperative but also as a foundational element for the development of any country.”

World Bank research estimates that closing gender employment gaps could increase GDP per capita by nearly 20%[1], highlighting the importance of initiatives like Saksham that benefits communities at large.

George Aikara, Chief Executive Officer, UWM said, “When women succeed, communities flourish. Though, in most instances, many women may possess the skill, the lack of financial resources and capital prohibits them from starting their own ventures. The Saksham toolkits have a potential to make a tangible difference by equipping women entrepreneurs with essential capital to thrive in their businesses and contribute to economic empowerment. Together with FedEx, we can accelerate progress towards gender equality and economic empowerment for women across India.”

FedEx, founded on a people-first philosophy, understands the critical importance of fostering a culture of Diversity, Equity, and Inclusion in today’s global landscape. It’s a strategic imperative for businesses of all sizes to retain top talent, enhance reputation, attract a diverse customer base, and, fundamentally, contribute to making the world a better place for everyone to live and work.

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