Press Release

The community-focused initiative aims to provide underprivileged entrepreneurs with the skills to build sustainable businesses.

Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management and Research’s (SPJIMR) Centre for Family Business & Entrepreneurship (CFBE) is pleased to announce the launch of Sashakt, a new community-focused initiative aimed at empowering small business entrepreneurs (SBEs) from underprivileged backgrounds in Mumbai’s Andheri K-West Ward. Beginning in December 2024 and running through March 2025, this programme seeks to provide vital knowledge and skills to help these entrepreneurs build sustainable businesses and strengthen their economic resilience.

Sashakt is tailored for local entrepreneurs aged 25-30 who are operating micro-enterprises. Selected from SPJIMR’s Abhyudaya programme, participants will benefit from free education and mentorship aimed at youth from underserved communities. Over three months, the structured curriculum will provide practical, hands-on learning sessions in Hindi, ensuring accessibility and relevance. Each session will cover essential areas such as financial management, marketing, operations, and leadership, equipping participants with the tools necessary for success.

Faculty and alumni from the SPJIMR network will offer personalised mentorship, supporting participants in overcoming their unique business challenges and taking actionable steps toward growth.

Sashakt aims to:

• Create a supportive learning environment for entrepreneurs from underprivileged communities.
• Provide access to resources and mentorship to help participants expand their businesses.
• Enhance participants’ financial literacy, business acumen, and operational efficiency.
• Foster local economic resilience through community engagement and education.

About SPJIMR’s Centre for Family Business & Entrepreneurship (CFBE)

SPJIMR’s CFBE, a pioneer in the family business domain in India, is dedicated to fostering the growth of family businesses and supporting entrepreneurs across diverse backgrounds. Through flagship programmes such as the Post Graduate Programme in Family Managed Business (PGPFMB), Start Your Business (SYB), Ladies in Family Enterprise (LiFE), and the Graduate Certificate Programme in Entrepreneurship (GCPE), the Centre provides world-class training, resources, and mentorship to entrepreneurs and business leaders committed to building sustainable enterprises.

About SPJIMR

Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management and Research (SPJIMR), is a leading postgraduate management institute, recognised by the Financial Times MiM Global Rankings as India’s #1 business school, by Business Today as one of the country’s top five business schools, and by the Positive Impact Rating, a Swiss association, as one of the top five business schools worldwide in terms of social impact. With its innovative and socially-conscious approach to management education, research, and community engagement, SPJIMR aims to influence practice and promote value-based growth of its students and alumni, organisations and its leaders, and society at large.

Visit https://www.spjimr.org/ for more information.

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