The Connection Between Finances Mental Health

A Quarterly Magazine on Finance and Investment Insights for Women

Issue 2

December 2024

06

THE LEAD STORY

The Connection Between

Finances and Mental Health

Personal Finance 08

India ki LakshMe

Bae Knows The Best

Meet Mayura Balasubramanian

Hidden Financial Lessons from Call Me Bae

05

Infographic

13

Swipe Smart

14

12

Founder of Cra izen; An award winning cra -based social enterprise

Young Corner

16

Learn with LakshMe

Buddy For Finance SESSION

Women Empowerment through Personalized Financial Sessions It's time for every woman to take control of her finances and achieve her goals!

www.lakshme.com A CSR initiative by Prudent Group

Are you ready to break free from financial stress and uncertainty? Do you want to make informed decisions about your money and secure your future? We're here to help through our BFF (Buddy For Finance) Program! Our personalized one-on-one online sessions provide a safe and supportive space for you to ask questions, clarify doubts, and gain confidence in managing your finances. Through our FREE BFF program, you'll receive: - Tailored guidance from experienced financial educators - A non-judgmental space to discuss your financial concerns - Practical tools and strategies to achieve your goals Join the 400+ women who've achieved financial confidence through our one-on-one sessions.

Sign up for our BFF session today and start building the financial future you deserve!

Visit:www.lakshme.com/#Section_BFF WhatsApp us : +91- 8799670694 Email : [email protected]

Founder’s Note

Are you ready to level up your financial fitness in 2025? Imagine 2025 as your starting point, a fitness baseline. Just like a workout plan outlines specific exercises and targets, your financial plan should detail the steps you’ll take to reach your financial goals. Let’s break it down into 3 simple steps:

Step 1: Know Your Numbers First, understand your money habits. What is the outcome a er paying your expenses from your income? This is your starting point. Think of it as a fitness assessment before hitting the gym.

Step 2: Invest Wisely Now, it's time to build your financial muscle. Think about your goals, whether it's your dream wedding or a Europe trip. Have goal-based investing by making it SMART goals. Diversify your investments to manage risk. Just like a balanced diet and proper workout, a diversified portfolio helps you stay strong.

Step 3: Step Up Your Investments Challenge yourself to increase your investments by at least 7% each year. This helps you to reach your goal and stay aligned with inflation. Similarly, there is a feature to step it up for SIPs. It's like gradually increasing the weight you li in the gym. Consistent progress leads to significant results. Lastly, knee pads safeguard your joints during a fall, similarly, you should have insurance for financial protection.

Challenge yourself to increase your investments by at least 7% each year. This helps you to reach your goal and stay aligned with inflation.

Remember, financial fitness is a journey, not a destination and LakshMe is always there to guide you through each step. The only person you are destined to become is the person you decide to be - Ralph Waldo Emerson Maitry Shah Founder, LakshMe [email protected]

www.lakshme.com LakshMe - December 2024

3

TheTea Sip, share, and stay informed

Loan default by women borrowers lower than men

number rose 18 per cent last year against 13 per cent for male borrowers, according to data released by CRIF High Mark, a credit bureau. Moreover, the average loan size of women borrowers increased across major retail loan products. Source: https://www.thehindubusinessline.com/mo ney-and-banking/loan-default-by-womenborrowers-lower-thanmen/article68875498.ece

Lenders favor women borrowers for lower default rates, leading to increased loans and financial inclusion initiatives for women

98% of Gen Z in India dedicates an hour weekly to learning, says report

Lenders are finding women to be a safe bet when it comes to loan repayment vis-a-vis their male counterparts. This, in turn, could encourage them to woo women more aggressively with loans.

The growth in women borrowers with active loans outpaced that of men in 2023. Their

Udemy's latest research reveals that 98% of Gen Z learners in India spend at least an hour weekly on learning, with a focus on career development and cautious engagement with AI in education.

Swarup Mohanty @mohanty_swarup

In financial planning, 80 is a crucial number. 1. We will probably live beyond 80- hence, "Retirement Planning" is our biggest priority. 2. Global studies say 80% of married women live longer than their husbands! Hence, "women" need to invest accordingly Two ticking bombs! 9:01 AM · Oct 14, 2024

4

The finding is from a report by Udemy, a prominent online platform for learning and skill development, that draws on feedback from more than 6,500 learners from different generations, including 900 participants from India. Its new report titled 'Gen Z in the Workplace: Welcoming the Next Generation' focuses on the significant influence Generation Z (those born between 1997 and 2012) is expected to have on the future workforce. Interestingly, while generative artificial intelligence (GenAI) content continues to grow in popularity across the Udemy platform, and Gen Z shows a high level of engagement with it, they are also the most sceptical about AI's effectiveness in online learning.

Of the overall gross non-performing asset ratio, loan defaulted by women was lower at 1.9 per cent against 2.5 per cent by men in FY23, according to industry data. In fact, women default has fallen from 2.1 per cent against 2.6 per cent of men in the previous fiscal.

A recent study has found that 62% of Gen Z learners in India are particularly motivated to upskill with the aim of boosting their earning potential, surpassing the motivations of both Millennials and Gen X.

December 2024 - LakshMe www.lakshme.com

Source: https://www.indiatoday.in/educationtoday/latest-studies/story/udemy-reportgen-z-in-india-upskilling-online-learning2617812-2024-10-16

Kalpen Parekh @KalpenParekh

You can’t serve two masters Long term compounding Short term quick returns 11:20 AM · Nov 23, 2024

infoGraphic Visual insights and Learning

6 Questions For Year-End Financial Review

1

How Did Your Income Change?

2

How Did Your Expenses Evolve?

3

Did You Achieve Your Financial Goals?

4

Did You Save or Invest More?

5

How Did You Manage Your Debt?

6

What Will You Do Differently Next Year?

Compare your income from the past year to previous years, and look for opportunities to diversify your income sources.

Cut back on unnecessary excessive spending. Having a budget will ensure your expenses align with your financial goals.

If some goals were not met, consider why. Break down your goals into smaller amounts and start investing accordingly.

Check if you have increased your contributions. Step up your investments every year. And automate it to ensure consistency.

Paying your high-interest debt is crucial and avoid accumulating more unnecessary debt in the coming year.

Think about lessons you have learned and what could have done differently to improve your financial situation.

www.lakshme.com LakshMe - December 2024

5

The Lead Story

The Connection Between

Finances and Mental Health Financial struggles can weigh heavily on mental health. Whether it's due to mounting debt, unemployment, or insufficient savings, the pressure can cause anxiety, depression, and even sleep disturbances. Constant worry about bills, future expenses, or unexpected financial setbacks can make individuals feel trapped, leading to chronic stress that affects every aspect of daily life. Financial stress doesn’t just drain wallets—it also drains emotional and mental energy, o en making it harder to focus on problem-solving or recovery.

6

December 2024 - LakshMe www.lakshme.com

Identifying Triggers of Financial Stress Common triggers for financial stress o en include unexpected expenses, such as sudden job loss, medical emergencies & mounting debt from loans or credit cards. These financial burdens can make everyday life overwhelming, and even small purchases cause guilt or worr y. Other triggers include stagnant wages that don’t keep pace with rising living costs, or simply feeling unprepared for future needs, like retirement or children's education expenses. The uncertainty tied to money can lead to an ongoing cycle of stress and emotional fatigue.

Managing Financial Stress Through Planning Effective financial planning can significantly reduce stress and provide a sense of control over your money. Here are some key strategies: Create a realistic budget that aligns with your income and necessary expenses. This will help you prioritize spending and identify areas to cut back. Build an emergency fund to act as a financial cushion for unforeseen expenses, reducing stress and offering peace of mind. Set small, achievable financial goals, like paying off one debt at a time or saving a fixed amount monthly, to create a sense of progress and control.

Use credit cards carefully to avoid falling into debt—limit spending to what you can repay each month to maintain financial stability.

Seeking Support for Financial and Emotional Health It’s important to acknowledge when yo u n e e d h e l p. C o n s u l t i n g a financial advisor can offer clarity and guide you toward better money management strategies. Equally crucial is addressing the emotional toll—seeking mental health support, like counseling or therapy, can help manage the anxiety and stress that come with financial difficulties. Taking care of both economic and emotional health ensures a holistic approach to reducing stress and improving overall well-being.

Conclusion Thus, the connection between finances and mental well-being is significant. Financial struggles can lead to stress and anxiety, but by identifying triggers and adopting effective planning strategies, you can reclaim control. Seeking help from the financial professionals and mental health resources encourage a holistic approach to well-being. Prioritising both financial stability as well as emotional wellness is essential for creating a balanced future.

So guys, Do you wake up or eyes open first when you wake up? As humans , everyone wake-up first and then they open their eyes. Because to open your eyes, you first have to wake up and gain consciousness. Our mind starts working a few minutes before our eyes open. What does this mean? Mind is the most important factor in our lives. Everything starts with your brains. You remember the Steve Jobs story, where he visited India to find himself & changed the world with apple? His mental health was in a toss , he visited India to streamline his neurons, and nailed it in the financial world. That part of you inside your brain that conditioning from your young years that formed your path ways of thinking about food, love, money, success, and health combined to create either a healthy brain and a healthy life or a hurtful brain and a hurtful life both mentally and physically. A brain that does not function optimally and produce optimal thoughts can cause emotional stress, unnecessary anxiety, and physical pain. So there is a massive connection between finances & mental health. Poor mental health can make earning and managing money harder as your brains won't work in the optimised levels. If your head is aching does your productivity go out of hand? This is what bad mental health does to us. Don’t think money does everything, or you are going to do everything for money. Work on your health & wealth will follow. So, apna sapna money money, Yes, with a lot of good honey. (Honey here is the sweet nectar good for your mental health, and the love of your life that's good for your love hormones.) Aishwarya Jain Founder, IM Happiness www.lakshme.com LakshMe - December 2024

7

Personal Finance

A

knows the best ns Hidden Financial Lesso from Call Me Bae

mazon Prime Video’s latest show, Call Me Bae is packed with fashion, drama, and unexpected life lessons. Played by Ananya Panday, Bae (or Bella) is a wealthy South Delhi socialite. Her life falls apart a er she's caught cheating on her husband and is kicked out. The series follows her as she embarks on a riches-to-rags journey filled w i t h fi n a n c i a l c h a l l e n ge s . Beneath the glossy surface of cute outfits and glamorous parties, the show sneaks in some valuable financial lessons that are easy to miss.  Here’s what we can learn from Bae’s rollercoaster of a life:

1. Invest in Yourself, Even if It’s Not Conventional Bae isn’t exactly the academic type—but her curiosity leads her to online courses in every field. Those random skills? They end up saving her in tricky situations, proving that anyone can learn valuable, money-making skills online. Her diverse interests show that investing in selfimprovement is key, especially in uncertain times.

2. Diversify Your Assets  When she’s thrown out of her lavish l i f e st y l e , B a e h a s n o s a v i n g s o r

8

December 2024 - LakshMe www.lakshme.com

How to Plan a Family Trip emergency fund to fall back on. What she does have are designer bags and costly jewelry—assets that help her get by during tough days. The lesson here? Having a variety of assets, like gold, silver, bonds, stocks and real estate, can provide a financial cushion when life throws you a curveball.

3. Adaptability is Key Bae, once accustomed to unlimited wealth, adjusts to her new reality with surprising ease. She learns to live within her means, whether by couch-surfing or staying in hostels and doesn’t cling to her former lifestyle. Her ability to downsize and still get by reminds us how crucial it is to be flexible with finances and willing to cut costs when necessary. Despite losing ever ything, Bae never gives up on regaining financial independence. By leveraging her social media presence, she transforms herself into an internet sensation, building a brand and a new income stream. Her journey is a reminder of the power of resourcefulness when rebuilding your financial future.

4. Stop Relying on Others Instead of leaning on her wealthy family or friends, Bae works hard to reclaim her lifestyle. She stops depending on others, learns to fend for herself, and rebuilds her wealth on her own terms. 

Conclusion  With wit and unexpected resilience, Bae’s story shows that no matter how rich or poor you are, smart money moves and adaptability can help you survive even the toughest of times. So, the next time you binge-watch Call Me Bae, keep an eye out for those hidden finance tips amidst the drama.

Without Breaking the Bank Planning a family vacation is always exciting. But you would not want your dream trip to turn into a financial burden. So, how can you ensure a memorable vacation without breaking the bank? By being mindful of your budget and making wise decisions. Here are some tips for planning a fun and cost-effective trip:

Set a Realistic Vacation Budget The first step is setting a realistic budget. Decide how much you can afford to spend. This includes travel, accommodation, food, activities, and gi s. This budget will guide you. It will help you keep your expenses in check t h ro u g h o u t t h e t r i p. M o re ove r, remember to factor in all possible costs to avoid surprises later.

Snag Deals and Discounts With your budget in place, it’s time to make the most of it. Firstly, hunt for deals and discounts on travel and accommodation. Note that early or offseason bookings o en result in lower prices. Comparing other websites can also help you find the best deals. Don’t forget to check for seasonal promotions or special offers. Loyalty program discounts are also a huge help.

luxury dining or shopping. Instead, allocate more of your budget to activities like hiking or water sports.

Prepare for Sudden Expenses No matter how well you plan, unexpected expenses can pop up during your trip. To avoid blowing your budget, set aside a small emergency fund. This is for specific, unforeseen costs. Having a safety net will avoid any stress during your trip—be it for an extra meal, a last-minute activity, or an unexpected transportation cost.

Conclusion Remember the following tips: Set a clear budget. Hunt for deals. Focus on what matters most and prepare for the unexpected. Keeping these in mind, you can plan a fun and affordable family vacation. Now you can enjoy your family vacation without worrying about the bill when you get home!

Focus on What Matters Most It’s easy to get carried away with all the fun attractions and activities. But, prioritizing what’s important to your family will help you keep an eye on the budget. Spend more on experiences that align with your family’s interests. Remember to trim the extra expenses. For example, if your family loves outdoor adventures, spend less on

www.lakshme.com LakshMe - December 2024

9

SheRose

The Remarkable Journey of

Khwaish Lotia

Table Tennis Champ

10

December 2024 - LakshMe www.lakshme.com

Born on February 19, 2012, into a humble Hindu Vaishnav family in Ahmedabad, Khwaish Lotia's story is one of grit, hard work, and an indomitable spirit. Her parents, Mr. Dhaval Rameshchandra Lotia and Mrs. Aarti Dhaval Lotia, instilled in her the values of perseverance and discipline from an early age. These qualities became the foundation of her incredible journey.

Early Steps: Discovering Her Passion At just five years old, Khwaish began exploring her interests, starting with dance in a local school. But soon, her athletic potential started to shine through. By age six, she was swimming in a local pool and competing in district-level competitions at the Transtadia Sports Academy. This early exposure taught her the thrill of competition and the i m p o r ta n ce o f re s i l i e n ce . S kat i n g followed, where, within just a month of training, she participated in district events—a testament to her quick learning and dedication. At nine, Khwaish discovered her true calling: table tennis. Joining the EKA Club in Maninagar, she trained rigorously for six m o n t h s a n d co m p ete d i n d i st r i ct tournaments under the Table Tennis Association of Ahmedabad (TTAA). "Success doesn’t come from what you do occasionally, but from what you do consistently."- Pelé

A Journey of Grit and Determination Balancing the rigorous demands of sport a n d a ca d e m i c s wa s n o ea s y feat . Khwaish’s days started at 5 a.m., traveling 60 kilometers daily by bus, metro, and auto-rickshaw to reach her practice a ca d e m y. Tra i n i n g s e s s i o n s o e n stretched to eight hours, requiring her to

manage her studies during breaks and late evenings. Nutrition and fitness became nonnegotiable pillars of her routine. Injuries were inevitable, but she saw them as challenges to overcome rather than setbacks. Distractions like TV, mobile phones, and junk food were strictly avoided—a discipline that paid off immensely.

From Le : Khwaish with her Mother, Mr. Lalan Doshi - Olympic Para Table Tennis India's coach & Mr. Bansi Lalcheta Owner ASA - Ahmedcabad.

Inspiring Girls Across the Country Khwaish’s story is not just about personal triumph; it’s a beacon of hope and inspiration for countless girls across India. Her achievements demonstrate what is possible when talent meets discipline, and when young girls are supported to chase their dreams. "The future belongs to those who believe in the beauty of their dreams."- Eleanor Roosevelt Today, Khwaish Lotia stands tall—not just as a champion table tennis player but as a role model proving that determination and hard work can break every barrier.

Rising Through the Ranks: From Local Star to Global Icon Khwaish’s unyielding dedication bore fruit as she started making waves in the national and international table tennis circuits: Gold Medallist at the WTT Championship in Doha, Qatar, in Jan- 24 (Under-13 Girls).

Ranked#2 World Table Tennis (WTT) in India (Under-13 Girls, till 15-12-2024).

Rank#35 Internationally at WTT in her age category ( Till 10-12-2024 ).

Winner of multiple accolades, including: Gold at the State Khel Mahakumbh Team Event (2022-23). Iconic Player and Best Player at TransStadia Sports Academy (2022-23). Gold in the School Games Federation of India (SGFI) in 2022-23.

www.lakshme.com LakshMe - December 2024

11

India Ki LakshMe

Meet Mayura Balasubramanian CEO & Founder, Cra izen The Journey Begins:

Cra s Meets Sustainability:

A r m e d w i t h a n M B A f ro m I S B Hyderabad, Mayura founded Cra izen to fuel her own passion in cra and culture, and help people in the process.

Cra izen is committed to ecofriendliness by combining cra skills and discarding materials such as Temple flowers and paper waste to create functional products.

The Mission at Cra izen:

The Green Skilling Programme:

An award winning cra -based social enterprise that enables cra and artisan skills as a sustainable form of livelihoods for marginalised communities.

India’s largest vocational training programme for adults with intellectual disabilities - active across 9 states with 55 partner organisations.

Her Accolades: • Among 75 Women selected for the Women Transforming India Award (2021 - 22) • Awarded the Pupul Jayakar Award for Cra Entrepreneurship, IICD, 2023 • Conceptualised & Edited ‘Explore Rural India’ - a 1st of its kind coffee table book on rural tourism

12

December 2024 - LakshMe www.lakshme.com

Above: Swayam Shakti Graduation at Hyderabad with SwayamShakti Women. Teaching and Training at Channapatna cra cluster. Below: Celebrating Green Skilling Diwali with specially abled Girls

Swipe Smart Isha: "Only if you use it

Isha: "Nope! If you pay it

like a shopping spree monster!"

off fully, it’s like borrowing free money!"

Anya: "I heard credit cards are

Anya: "Wait, if I pay my

just traps to steal your soul...

bill in full, won’t I still get

and your money."

charged interest?"

agical ike a m Anya: "L ?" hed loan gs-attac in tr -s no

Isha: "Only if you spend like you’re on a Netflix show called Swipe It All!"

Isha: "I heard if you carry Anya: "Nah, that’s a myth!

Anya: "But using a

a small balance, it

credit card means instant

helps your credit score."

The only thing that helps is paying your bills on time!"

debt, right?"

Isha: "Nope! Closing it’s like deleting your best level in a video game. Your score drops!"

Isha: "More credit cards Anya: "I thought if you close

= more problems, right?"

Anya: "Wrong! It’s more like

a credit card, it makes

'more cards = more chances

your score better?"

to level up,' if you use them right."

Anya: "So, if I responsibly use my card and just pay it off, I’m good?"

Isha: "Yup! It’s like hacking the system... legally!"

Anya: "Turns out, credit cards

Isha: "Nah, they’re more like

aren’t the villains we

sidekicks. Just don’t let them

thought they were!"

turn into the villain!"

www.lakshme.com LakshMe - December 2024

7 13

YoungCorner Here`s What the Young Minds Have to Say

Q1. What are your thoughts on using Buy Now Pay Later (BNPL) option while shopping?

Q1. What are your thoughts on using Buy Now Pay Later (BNPL) option while shopping?

While BNPL can feel like a convenient solution for immediate purchases, it's a double-edged sword. On one hand, it allows for flexibility, but on the other, it can encourage impulsive spending and debt accumulation. It’s crucial to keep track of repayment dates and interest rates. It should never replace budgeting or savings plans. Always remember, it's easy to spend now, but paying later could become a burden if not managed carefully.

BNPL is like a shortcut to instant happiness, but it comes with a catch. It’s super helpful when you need flexibility for bigger purchases. However, it can easily turn into a financial trap if you’re not careful. My rule is simple: if I can’t repay it next month, I won’t use it. Smart shopping always beats stressful repayments in the long run!

Q2. What’s your relationship with money, and how did it shape? Growing up, money was more of a ‘means to an end’—buying toys, snacks, or saving for something bigger. But as I moved into college, the realization struck: financial independence is empowering. I started budgeting and saving, learning how money doesn’t just work for you—it can work with you. Today, I’m getting into investments and understanding the importance of growing wealth. It’s all about financial literacy, which has made me more mindful of how I handle my finances now. - Kritika Punjabi BBA student, IIM Jammu

14

December 2024 - LakshMe www.lakshme.com

Q2. What’s your relationship with money, and how did it shape? My relationship with money is like a love-hate story. Saving feels like a distant dream, but I try to make it work. Growing up, I watched my parents manage money wisely, which inspires me. Still, sticking to a budget is a skill I’m yet to master. For now, I’m learning to balance my spends without breaking the bank. - Suryansh`s Mishra BBA student, IIM Jammu

Q1. What are your thoughts on using Buy Now Pay Later (BNPL) option while shopping?

Q1. What are your thoughts on using Buy Now Pay Later (BNPL) option while shopping?

It is quite useful when I am in need of it and I couldn’t pay at that moment. But before going to that I would think of EMI and other charges . Generally I don’t prefer to buy on BNPL on small items but most of them would like to use nowadays, even my colleagues. But I would prefer of using it heavy budgeted items . In my one side of pov it is so useful in daily life. But in one side, I would feel like it’s showing my inability of purchasing items , it mostly occurs due to my mood swings.

"Buy Now, Pay Later" (BNPL) schemes are excellent for larger purchases, allowing you to split payments at no extra cost and use the item immediately. However, they are best suited for disciplined individuals who buy only what they truly need and can afford. Misuse can lead to overspending on unnecessary items, resulting in fees and penalties for late payments. BNPL is beneficial when used responsibly with a clear understanding of one's financial limits.

Q2. What’s your relationship with money, and how did it shape?

Q2. What’s your relationship with money, and how did it shape?

Basically, my relationship with money is quite underrated and I just use my money in purchasing and not in a way of growing it double and triple and now slowly I am trying to pile up my savings and doing investments in future and my relationships is getting stronger and I am getting confidence of handling money.

My relationship with money has evolved significantly over the decades and different stages of my life. In my teens and early 20s, money was scarce, and I had to constantly sacrifice my needs and wants to save for a rainy day. I wasn't taught to manage money or make it grow. A er gaining financial literacy through peers, community, and social media, I now have a healthy and balanced view of money as a means to an end. I can take risks, save, grow my wealth, and spend on needs and comforts, all while focusing on what I want to achieve and how I can help society.

- Sudeepthi Sangeetham MBA Student, ICFAI Bangalore

- Sheetal Chordia Salaried Employee, Pune

www.lakshme.com LakshMe - December 2024

15

Learn with LakshMe Y

o

G u

r u

Your Guide to Financial Literacy, in a Click

it d oF ei n

a

n L

ict iea ril na a c C yl i, c

k

Life Insurance vs Annuity

Attending a concert is a once-in-a-lifetime experience. But the costs involved go beyond just the tickets to see the artist. Here's a breakdown of the costs associated with seeing your favourite artist or band live.

Buy Now, Pay Later: Is it a gi or a trap? It’s better to stay away from options like these. Plan in advance for buying anything your really need, and save up the money yourself.

It’s easy to put off worrying about future you - but the earlier you begin, the happier you’ll be. So start investing today.

watch video

watch video

watch video

Highlights Of Our Past Workshops Experience finance like never before - interactive, gamified, and engaging!

For more details visit: www.lakshme.com/WorkShop

16

December 2024 - LakshMe www.lakshme.com

TheMoneyQuote “The hardest thing to understand in the world is the income tax.”

“Do not save what is le a er spending, but spend what is le a er saving.”

- Albert Einstein

— Warren Buffett

“Financial freedom is a mental, emotional and educational process. ” - Robert Kiyosaki

“It’s easy to meet expenses – everywhere we go, there they are.” - Anonymous

“You may delay, but time will not.”

“A bank is a place that will lend you money if you can prove that you don't need it.”

- Benjamin Franklin - Bob Hope

www.lakshme.com LakshMe - December 2024

17

ByThe

Numbers 43,30,121

73,151

Accounts

Start ups

The Mahila Samman Savings Certificate Scheme (MSSC) was launched on 31.03.2023 to commemorate the ‘Azadi ka Amrit Mahotsav’ exclusively for the women and minor girls, and so far, 43,30,121 accounts have been opened under it till 31.10.2024.

As of October 31, 2024, a total number of 73,151 startups with at least one-woman director have been recognized under the Startup India Initiative. This represents nearly half of the 1,52,139 startups supported by the government, showcasing the crucial role women play in driving innovation and economic growth. Source: www.pib.gov.in

84%

Women in IT

Stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha, on 03 DEC 2024

According to Acronis External Survey of Women in the IT they agree that tech organizations would benefit from more female leadership roles.

Source: www.pib.gov.in

18 Years

6.66 lakh crore

Samaira Hullur has made history by becoming one of India’s youngest female commercial pilots.

Women fund managers managed assets worth Rs.6.66 lakh crore as of January 2024 as per Morningstar Direct

24.5% Women's representation in India remains stable, according to the 2024 Avtar & Seramount BCWI-MICI study. The Banking, Financial Services, and Insurance (BFSI) sector leads with 24.5% of women in leadership roles, followed by the Fast-Moving Consumer Goods (FMCG) sector at 21.5%.

Source- Times Now

Rs 3.65 lakh crore 18

Is the Net Worth (INR) of Savitri Jindal (Jindal Group), the only women Among India's top 10 richest people As per article published by Forbes India on sept 20 2024

December 2024 - LakshMe www.lakshme.com

www.lakshme.com LakshMe - December 2024

19

www.lakshme.com

Disclaimer: The content provided on this platform is derived from various sources and meant for educational purposes only. The information provided is not intended to be taken as financial, legal, or professional advice, and users should seek guidance from qualified experts before making decisions.