Fullerton India to Support 'Srijan Microfinance Business Plan Competition 2008'
Fullerton India Backs Sector-Building Initiative; To Provide Strategic Mentor Capital to Promising Business Ideas

Mumbai, Maharashtra, India, Wednesday, June 18, 2008 -- (Business Wire India)

India’s only microfinance business plan competition-Srijan 2008 (www.srijan2008.com) received another strategic tie-up with Fullerton India Credit Company Limited. Confirming their involvement as part of their Corporate Social Responsibility (CSR) in Srijan 2008 as Associate Sponsors, Fullerton India not only announced a financial contribution but also promised a long-term commitment to providing Mentor Capital to the most promising business ideas, arising out of the this national-level entrepreneurship platform.

Organized annually by Intellecap, Srijan this year is co-organized by Aavishkaar Goodwell and The Financial Express. The competition seeks to address three priority areas for the microfinance sector: lack of risk capital, knowledge asymmetry, and application of technological innovation for business efficiency. Most importantly, the competition brings in the much needed ‘Mentor Capital’ to entrepreneurs and recognizes those capable of building institutions to accelerate microfinance delivery to the poor. As a platform, Srijan helps investors and ideas work together towards creating the desired multiple bottom line impact.

As an integral part of this support, Fullerton India will sponsor part of the operational costs associated with the event. It will also involve its senior staff as Screeners, Judges and shall provide mentoring support to the top Srijan entrepreneurs.

Supporting the initiative, Mr. Sundararajan, MD & CEO Fullerton India said, “We are in the business of fostering sustainable development of micro-entrepreneurs. We endeavor to recognize the potential of every small enterprise and help them grow and make their growth sustainable. We believe that the mass market segment comprising the micro-entrepreneurs will become a major contributor to the economy as a whole provided they receive financial support at the appropriate time. Fullerton India’s support of this initiative of Srijan is to encourage micro-enterprises to express their aspirations and also strive to fulfill them.”

The Competition is currently in the process of evaluating the 10 best business entries for this year. The top 10 entrepreneurs will battle it out at the Finals, in the first week of July 2008, to win the coveted ‘Srijan 2008: Best Business Idea Award’. Apart from prize money, top Srijan entrepreneurs would receive guidance from mentors and experts within the sector who will help them refine and improve their business ideas, post the award ceremony.

The Srijan competition is supported by FMO Netherlands, National Agricultural Bank for Agriculture and Rural Development (NABARD), Standard Chartered Bank and International Finance Corporation (IFC), ‘Online media’ partners like VCCircle.com, ‘Outreach Partners’ like the Solution Exchange and ‘Print Media Partners’ like The Financial Express and Microfinance Insights

Website: www.srijan2008.com, www.intellecap.net

About Intellecap

Established in 2002, Intellecap is one of the fastest growing strategic services firm in the international development sector. Intellecap has undertaken pioneering initiatives in the field of finance and strategy in the microfinance sector, and seeks to leverage this experience to other areas that benefit social and economic development. www.intellecap.net.

About Fullerton India Credit Company Limited

Fullerton India Credit Company Limited, a fully owned subsidiary of Fullerton Financial Holdings, Singapore, is the fastest growing financial services company in India. The company follows a relationship led, community based business model with close proximity & engagement with the customer to effectively reach out to them. In short span of time the company has disbursed over Rs 3200 Crores, opened more than 750 branches spread across 340 locations with more than 14000 employees on its rolls.
www.fullertonindia.com