Noida's 16-year-old Satyam Mehta is the ideal personification of a Jack of all trades. At only 16 years of age, Satyam runs two start-ups and is also involved in another social initiative. Satyam Mehta is a student at Amity International School in Noida. His interest in entrepreneurship developed from watching his older brother start his venturesome years back. The 16-year-olds believe that We can be our boss and positively impact people's lives excited and motivated. Rural Invest is Satyam's most recent venture. He started this during the pandemic in March last year.
Satyam's venture aimed to create a significant lack of financial literacy and financial planning in most Indian households, especially in rural areas. The majority of India is inadequately financialised. The knowledge of financial literacy is absent in the rural population. Most don't even have bank accounts. They use informal money-lending sources, which usually tend to have high-interest rates. With interest in resolving these problems, Satyam started with Rural Invest, a venture with the purpose of rural financial inclusion across the nation through a comprehensive wealth management app, including providing the rural population with various tools like SIPs, mutual funds, etc. Satyam conducted on-ground research on rural families and found that most of these families have at least a smartphone to download the app to avail the services efficiently. He started by targeting maids and drivers working in his neighborhood and educating them, including supporting their investments into mutual funds. In the start, they found it difficult to believe that by just saving small amounts like `500-700 per month through micro-SIPs, they would be able to ensure financial stability for their family.
Satyam was also the founder of Junkguards in 2018. It is a facilitative platform to connect all the stakeholders in the e-waste ecosystem. In 2018, Satyam took part in a competition where he was introduced to e-waste. Junkguards, through its platform, make sure a proper management of e-waste as it targets to connect electronic manufacturers, Producer Responsible Organisations (PROs), e-waste recyclers with the ordinary people to create an ecosystem that will look after proper disposal of electronic waste. Satyam has also taken initiatives to set up e-waste bins in localities, schools, IT sector offices and has plans to install other things in the upcoming months. Satyam has also participated in Pravahkriti, a social cause taken up by Amity International School Noida students. It aims to encourage better menstrual health and hygiene management among females of various ages across all sections of society. The pandemic came as a boon to Satyam as it gave him more time to juggle between his ventures and studies.
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