Each year, as many as 12 million young people in India enter the labor market seeking jobs that can support themselves and their families. And yet the economy only creates about one million new jobs a year in the formal sector. In response to these challenges, MasterCard has partnered with the International Youth Foundation (IYF) to launch Young Entrepreneurs, a multi-year initiative supporting youth entrepreneurship, because MasterCard believes in the power of entrepreneurship to create a path to full financial inclusion for today's young people. Launched in 2012 in Delhi and Mumbai, the program provides disadvantaged youth, ages 15 to 29, with the knowledge, skills, and resources they need to start, run, and sustain their own businesses. Young Entrepreneurs also provides business and life skills training, access to financial capital through a revolving loan fund, ongoing technical assistance and links to mentors in the community, with the goal of creating significant new employment opportunities for young people through youth-led businesses.