Satyam Mehta Receives The Diana Award 2021
Student Of Amity International School, Noida is the recipient of the Diana Award 2021, the most prestigious accolade a young person aged 9-25 years can receive for their social action or humanitarian work.
Satyam Mehta, a student of class XII from Amity International School, Noida has displayed exceptional rigour to trigger a tangible change. He received the award for taking up socio-entrepreneurial initiatives for the betterment of society. The Diana Award is the longest-running award for young people given to individuals and groups through a retrospective nomination process only. Established in the memory of Diana, Princess of Wales, the award is given out by the charity of the same name and has the support of both her sons, The Duke of Cambridge and The Duke of Sussex.
Satyam launched his app Rural Invest to strategically leverage the power of finance to empower and enable users to invest money through SIPs in various asset classes. In India, 70 per cent of the rural population is employed in rain-dependent agrarian occupations, with a fifth of them earning under $17/month. Little or no financial literacy makes them vulnerable. The only source of credit for these desperate farmers are unorganized moneylenders – charging exorbitant interest rates, subsequently trapping them into vicious debt cycles. The capricious nature of agriculture, meagre savings, and crushing debt is why an appalling farmer suicide rate of 28 per day. To solve this, Satyam started Rural Invest App, a comprehensive wealth management app that aims to inculcate the concept of financial literacy in India's rural population by giving them access to various financial instruments.
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