Question

Which financial institution has launched specialized Spoorthi programme for women entrepreneurs?

• A. State Bank of India
• B. L&T Finance Ltd
• C. HDFC Ltd
• D. Bank of Baroda

Hint:

Distinct program names like 'Spoorthi' are proprietary institutional frameworks. Keeping a concise table mapping NBFCs to their micro-finance social projects simplifies recollection during examinations. center tabular|c|c| Institution & Flagship Women Program
L&T Finance Ltd & Spoorthi Programme
tabular center

Answer 1

The Correct Option is B

Concept: Financial inclusivity and corporate social responsibility (CSR) programs aimed at rural and urban women micro-entrepreneurs are crucial tools for economic empowerment. Financial institutions design structured credit, training, and mentoring frameworks—often termed as dedicated flagship schemes—to facilitate livelihood advancement.

Step 1: Examine the corporate initiative. The 'Spoorthi' initiative is a highly focused program designed to provide financial literacy, digital training, and tailored credit products to micro-enablers and women running rural or semi-urban enterprises.

Step 2: Identify the sponsoring institution. This project was developed, marketed, and executed on the ground by L&T Finance Ltd as a core component of its social responsibility and retail business growth strategy, specifically aiming to empower women through direct financial autonomy.

Step 3: Review alternate options. Large public sector banks like State Bank of India or Bank of Baroda have initiatives like 'Stree Shakti' or 'Mahila Co- शक्ति', while HDFC has independent microfinance channels. However, the specific trademarked name 'Spoorthi programme' corresponds precisely to the non-banking financial company (NBFC) segment led by L&T Finance Ltd.