Only 3% women entrepreneurs in tier 2 and 3 cities in India out of the 300 surveyed had access to external funding to start or expand their businesses, finds out a white paper on Women Entrepreneurs Transforming Middle India by Reserve Bank Innovation Hub (RBIH). The white paper was released at an event organised by Federation of Indian Chambers of Commerce & Industry (FICCI) here on Thursday. But we are keen to promote women in fintech. It is unfortunate that angel investors hesitate to give US$50,000 or US$100,000 to women in fintech. So, we are developing a fintech entrepreneurs programme in partnership with IIM Ahmedabad and Lucknow, BITS Pilani and Indian School of Business," said Rajesh Bansal, chief executive officer of Reserve RBIH, who released the findings. Bansal also pointed out that while literature and primary surveys reveal that women, in rural areas particularly, may have different financial goals compared to men, there is hardly any financial institution that ... Read The Rest at :