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she is a warrior She is a source of inspiration. She’s strong – she’s a woman! The role of women in today’s workforce is unparalleled. From education to business to leading the country as president, Indian women continue to inspire the nation.
But when it comes to entrepreneurship, there is still much work to be done to let marginalized people and others know that welfare systems are available for them. The need of the hour, therefore, is to appeal to women to break free from the shackles of ignorance and reap the rewards of government-sponsored philanthropy. Only then will the purpose of International Women’s Day be achieved in terms of its intended effect.
For example, the Indian government’s all-too-impressive Startup India initiative needs to be explored and leveraged to the fullest extent possible. This article aims to highlight some of the initiatives of the central government that are purely women-centric under the banner of Startup India.
1. Women Entrepreneurship Platform (WEP)
WEP, a scheme under Niti Aayog, is an aggregator platform that includes all information and services related to women entrepreneurs. WEB helps enable partnerships that provide users with important content, workshops, campaigns, and other means of learning and growth from industry pioneers.
Services are provided in six key areas: Community and Networking, Fundraising and Financial Assistance, Incubation and Acceleration, Compliance and Tax Assistance, Entrepreneurial Skills and Mentorship, and Marketing Assistance.
Both existing and aspiring women entrepreneurs are eligible to avail this scheme.
Also read: International Women’s Day: Building an inclusive future in the digital sphere
2. Skill development and Mahila Coir Yojana
The plan is being led by the Core Committee Department of the Ministry of Micro, Small and Medium Enterprises. According to Startup India, this is a special training program aimed at developing the skills of women artisans in the coir industry.
This includes two months of training in coir spinning and a stipend of Rs 1,000. 3000/- per month. Artisans trained under this scheme can avail assistance through the Prime Minister’s Employment Generation Program (PMEGP) scheme to set up coir units.
3. Training and employment support for women
This initiative by the Ministry of Women and Child Development is available to women aged 16 and above. Under this scheme, beneficiaries are provided with skills that give women employment possibilities as well as competencies and skills that enable women to become self-employed/entrepreneurs.
Also read: International Women’s Day: British Council announces scholarships for female STEM academics, find out more here
4. Female scientist system
The Women in Scientists Scheme is led by the Department of Science and Technology and aims to provide opportunities for female scientists aged 27 to 57 who wish to return to the mainstream after a career break. Through this scheme, women scientists are encouraged to pursue research in frontier areas of science and engineering and issues of social relevance, participate in science and technology-based internships, and then become self-employed. . The scheme also provides research grants for well-defined project proposals for up to three years. The grant covers costs such as the applicant’s fellowship, small equipment, contingency funds, and travel expenses.
5. Mudra Yojana for Women
Mudra Yojana for Women, an initiative under the Department of Financial Services, Ministry of Finance, provides loans up to: INR$1 million, without collateral, will be awarded to female entrepreneurs who lead and run manufacturing and production businesses. These loans offer low interest rates and flexible repayment terms of up to five years and as little as three years. Further, Mudra loans will only be allocated to non-corporate, non-farm, non-farm based businesses led and managed by women entrepreneurs.
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