Light Of India – A Diwali Celebration

FLO Mumbai, in collaboration with YES BANK, launches “YES POWHERUP” for Women Entrepreneurs on October 19th, 2024 at Wockhardt Towers, BKC. The result of this new collaboration is a program designed to empower women entrepreneurs in their journey to business success.

The launch was met with great enthusiasm, with many members expressing interest in the exclusive offerings. YES BANK’s Business Head, Mr. Dhavan Shah, and CHRO, Ms. Archana Shiroor, extended their compliments on the successful rollout of YES POWHERUP for FLO Mumbai.

YES POWHERUP is a holistic MSME initiative aimed at helping women entrepreneurs scale their businesses. This specialised program offers solutions across financing, banking, investment, credit, and insurance, addressing key needs for women-owned businesses.

Key features of YES POWHERUP:

• MSME Loans: Provides SME loan solutions tailored to each stage of business—startup, growth, and scale. FLO members enjoy a 50% waiver on processing fees.
• YES FIRST Business Account: A premium account offering robust transactional and trade solutions specifically designed for women entrepreneurs.
• Investment Solutions: Offers zero brokerage on trades up to INR 1.5 crore for the first 60 days when members open and maintain a YES FIRST Business Account.
• Credit Card Solutions: Includes YES FIRST and YES Prosperity Business Credit Cards, offering perks like business expense coverage, lounge access, and low foreign currency markups.
• Insurance Solutions: Offers exclusive coverage, including Cancer Shield for women-specific cancer, Click2Protect Super with a 15% discount, and asset protection under the Married Women Property Act.

The Chairperson of FLO Mumbai, Aarmeen Mogul Dordi, has proposed expanding this collaboration to a national level, enabling FLO chapters across India to benefit from the program. Past Chairperson Bela Rajan has been instrumental in securing this partnership, marking a significant achievement for FLO Mumbai as well.