Parsis at the top of the business world are now extending a helping hand to start-ups from the community. The World Zarathushti Chamber of Commerce – India (WZCCI) has shortlisted 8-10 entrepreneurs for interest-free loans up to Rs 25 lakh. The organisation has already raised Re 1 crore in donations from high net worth individuals (HNWI), and the goal is to raise Rs 5 crore to make the initiative self-sustaining.

WZCC has taken up the project in collaboration with the World Zoroastrian Organisation. Yazdi Tantra, vice president (Global) of WZCC, said the funds have been donated by around 10 HNWI from the Parsi community. Once they collect Rs 5 crore, the loan repayments will keep the initiative going.