About Us

Bridging Gaps, Building Futures

UFS Digital Empowerment Foundation (UFS-DEF), a Section 8 company which is a subsidiary of UPICON, was established on July 9th, 2021, with the objective of serving low-income communities by creating opportunities and providing facilities focused on small and tiny enterprises for women entrepreneurs, even in the absence of a credit score. The foundation's mission is to assist these communities in overcoming poverty by offering access to financial, digital, and non-financial services through cluster development MSME activities. The foundation has initiated small micro-loan facilitation for MSME activities, targeting small and tiny entrepreneurs. This support is extended to beneficiaries trained under the One District One Product (ODOP) and Vishwakarma Shram Samman Yojana (VSSY) programs of Uttar Pradesh, in collaboration with UPICON.

Know About Us
About Ourselves

Difference Of Us

What Makes Us
Different Form Other?

What sets UFS Digital Empowerment Foundation (UFS-DEF) apart from others is our targeted focus on uplifting low-income communities in Uttar Pradesh through Micro, Small, and Medium Enterprises (MSMEs). Unlike other organizations, we take a comprehensive approach that integrates financial services such as micro-loans and tailored financial assistance with robust digital literacy programs and extensive non-financial support including training and mentorship. Our strategic partnerships with financial institutions and international organizations further distinguish us, enabling us to provide enhanced access to credit, technical expertise, and global best practices in MSME development. At UFS-DEF, our initiatives are impact-driven, aiming not only to empower entrepreneurs, particularly women, but also to foster sustainable economic growth and community development throughout the region.

Targeted Focus

We specifically target low-income communities in Uttar Pradesh, focusing on Micro, Small, and Medium Enterprises (MSMEs) to alleviate poverty through tailored support and empowerment.

Comprehensive Approach

Our approach combines financial services (micro-loans, tailored financial assistance) with digital literacy programs and non-financial support (training, mentorship) to foster sustainable business growth.

Strategic Partnerships

We collaborate closely with financial institutions and international organizations to provide access to credit, technical expertise, and global best practices, enhancing MSME development.

01

Enhancing Financial Knowledge

The foundation strives to educate beneficiaries on the fundamentals of financial management, including budgeting, saving, investing, and understanding financial products and services.

02

Promoting Access to Financial Services

The goal is to ensure that beneficiaries are aware of the various financial products and services available to them and understand how to access and utilize these services effectively.

03

Building Confidence

Beneficiaries are empowered with the confidence to engage with financial institutions, make informed financial decisions, and manage their finances independently.

04

Encouraging Responsible Financial Behaviour

The aim is to instil a sense of responsibility and discipline in financial management to promote long-term financial health and stability.

05

Supporting Economic Empowerment

Through financial literacy, beneficiaries are enabled to leverage their knowledge to grow their businesses and contribute to the overall economic development of their communities

Financial Inclusion Literacy

Empowering Communities Through Financial Inclusion Literacy

Financial inclusion literacy is a cornerstone of the UFS Digital Empowerment Foundation's mission, recognizing its transformative potential in empowering marginalized communities. At its core, this initiative aims to equip individuals with essential knowledge and skills to effectively engage with financial products and services. By enhancing financial literacy, the foundation seeks to elevate economic stability and improve the overall quality of life for beneficiaries.

Central to the foundation's objectives is the enhancement of financial knowledge among its target groups. This involves imparting fundamental principles of financial management such as budgeting, saving, investing, and understanding diverse financial instruments. Through education and training programs, beneficiaries gain practical insights that enable them to make informed decisions about their finances.

Moreover, the foundation emphasizes the promotion of access to financial services. It strives to ensure that beneficiaries are not only aware of the range of financial products available but also understand how to access and utilize these services effectively. This empowerment fosters greater financial independence and resilience within communities.

Another crucial aspect is building confidence among beneficiaries to engage with financial institutions. By nurturing a sense of empowerment, individuals are encouraged to take proactive steps in managing their finances, thereby promoting responsible financial behavior and long-term financial health.

Furthermore, the foundation aims to leverage financial literacy as a tool for economic empowerment. Beneficiaries are empowered to leverage their newfound knowledge to enhance their business ventures, contribute to local economies, and ultimately, drive sustainable development within their communities.

In summary, UFS Digital Empowerment Foundation's commitment to financial inclusion literacy underscores its dedication to creating positive and enduring impacts. By equipping individuals with the skills and confidence to navigate the financial landscape, the foundation not only promotes economic stability but also fosters inclusive growth and empowerment among marginalized populations.

Fundamentals

Pricing and Payment Structures

How Much Can I Recive?

1.Micro-loans and Financial Assistance: For MSMEs and marginalized farmers, you may qualify for top-up loans up to ₹75,000, depending on your business requirements and group size.

2.Loans for Below Poverty Line Individuals: Eligible beneficiaries below the poverty line can receive loans ranging from ₹25,000 to ₹40,000, with an interest rate of 26%. This rate can potentially be reduced with government MSME interest subvention schemes.

3. Green Finance Initiatives: UFS-DEF offers loans to purchase eco-friendly vehicles, covering up to 90% of the vehicle's cost. These loans are also subject to a 26% interest rate, along with a 1% processing fee and GST.

How Much Can I Recive?

How Much Does It Costs?

1.Interest Rates: Loans provided by UFS-DEF typically carry an interest rate of 26% for beneficiaries. This rate can be reduced below 26% if beneficiaries qualify for interest subvention under government MSME schemes.

2.Processing Fees: Some financial products may incur processing fees. For instance, loans for eco-friendly vehicles under the Green Finance Initiatives include a 1% processing fee.

3.Insurance Costs: Life insurance coverage is provided for group members and their spouses in certain loan programs, ensuring coverage of the loan amount and interest in case of mishaps.

4.Additional Costs: Depending on the program, there may be additional costs such as GST applicable on services.

How Much Does It Costs?

How Do I Repay?

1.Loan Repayment Structure: Repayment schedules are often tailored to suit the income patterns and cash flow of beneficiaries. This ensures that repayments are manageable and aligned with business cycles.

2.Group Repayment Model: In many cases, loans are disbursed to groups of beneficiaries (such as MSME clusters or women entrepreneurs), where each member is jointly responsible for timely repayment. This collective approach fosters mutual support and accountability.

3.Monitoring and Support: UFS-DEF provides ongoing monitoring and support to borrowers throughout the loan period. This includes guidance on financial management practices and periodic reviews to assess business progress and loan repayment status.

4.Repayment Channels: Various repayment channels are typically offered, including bank transfers, direct deposits, or physical payment at designated locations. These options ensure flexibility and convenience for borrowers based on their preferences and accessibility.

5.Repeat Loan Assessment: After the successful repayment of initial loans, beneficiaries may be eligible for repeat loans. This process involves reassessing the borrower's needs, creditworthiness, and the impact of the initial loan on business growth.

How Do I Repay?

Our Programs

Programs offering

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Digital Literacy Programs

Enhancing skills in using digital tools and platforms to modernize business operations, improve efficiency, and expand market reach, fostering growth and competitiveness.
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Entrepreneurial Training

Comprehensive training in business management, marketing strategies, and financial planning to foster sustainable growth and empower entrepreneurs to expand their ventures.
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Financial Literacy Workshops

Educating beneficiaries on financial management, including budgeting, saving, investing, and responsible borrowing practices to promote long-term financial health and economic stability.
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Skill Development Initiatives

Specialized training to develop sector-specific skills, enhancing productivity and competitiveness in various industries, and empowering individuals for better employment and business opportunities.
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Green Technology Training

Training programs focusing on eco-friendly practices and technologies, particularly under initiatives like Mission Shakti for promoting sustainable development.
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Leadership and Mentorship

UFS-DEF offers training in digital literacy, entrepreneurship, financial literacy, skill development, green technology, and leadership, empowering sustainable community growth.

Questions You Have

Frequently Asked Questions

What specific services does UFS Digital Empowerment Foundation (UFS-DEF) provide to low-income communities?

UFS-DEF offers micro-loans, tailored financial assistance, digital literacy programs, and non-financial support such as training and mentorship to enhance entrepreneurial skills and business growth.
UFS-DEF supports MSMEs by providing financial services like micro-loans and insurance, digital literacy initiatives, and comprehensive training to foster sustainable business practices.
Key initiatives include "One District One Product (ODOP)" to promote indigenous crafts, "Mission Shakti" focusing on eco-friendly transportation solutions, and "Vishwakarma Shram Samman Yojana (VSSY)" supporting traditional artisans.
UFS-DEF collaborates with financial institutions and international organizations to broaden access to credit, technical expertise, and global best practices, facilitating greater support for MSME development.
UFS-DEF distinguishes itself through its targeted approach to MSME development, strategic partnerships, comprehensive service offerings, and a strong commitment to sustainable economic growth and community empowerment.
UFS-DEF primarily serves low-income communities in Uttar Pradesh, focusing on inclusive growth through initiatives that empower women entrepreneurs and marginalized groups, promoting economic stability and prosperity across the region.

Still Have Questions?

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+91 92364 54882
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7th Floor, Summit Building
Vibhuti Khand, Gomti Nagar
Lucknow-226010