Friday, April 3, 2020

How Government is helping Women entrepreneurs

India continuous to see immensely successful women entrepreneurs like Indra Nooyi, Chanda Kochar, Ekta Kapoor and many more. Such women encourage other budding women entrepreneurs to turn their dreams into a reality. However, a big part of chasing your dreams of starting a business, no matter how small, is capital. And as a way of encouraging such businesses, the Indian Government offers a financial boost specially designed for women entrepreneurs.


Here are some of the available Government schemes for developing women entrepreneurship :

  1. Khadi and Village Industries Commission (KVIC) :- This commission was established under the Khadi and Village Industries Commission Act 1956. It is a statutory body that encourages the development of Khadi and Village industries in India. It not only promotes the rural industries but also creates employment opportunities for the poor of the country. The development of rural industries also stops migration of rural population to cities which prevents over population of cities.
  2. Mahatma Gandhi Institute for Rural Industrialisation (MGIRI) :- It was established under the Societies (Registration) Act, 1860. The society is established at Wardha, Maharashtra for Research and Development Activities. The main objectives of the Institute are quality control, training and dissemination of technology related information. 
  3. COIR Board :- The statutory body was established under the Coir Industry Act, 1953 with the objective of sustainable development of coir industry and improvement of living conditions of the workers engaged in coir industry. The objectives of the board include scientific, technological and economic research and activities related to development of the industry, development and improvisation of new and old products produced, and marketing of coir products.
  4. Self Employed Women’s Association (SEWA) :- SEWA a trade union registered in the year 1972. This union supports poor, self-employed women workers. SEWA supports its members in capacity building and in establishment of their own economic organization. Since 1972, SEWA is both an organization of poor women workers and a movement for them – to create better alternatives. Committed to strengthening the movement of women workers, SEWA Delhi highlights their issues at the national level and also builds their skills. SEWA Delhi organizes women workers and connects them to development programs, so they can achieve full employment and self-reliance. Full employment means jobs that provide economic security, food security, and social security. Self-reliance refers to economic self–sufficiency and equitable roles in the decision-making process.
  5. The Stand up India scheme :- This scheme was launched on April 5. This scheme assists the women and SC/ST entrepreneurs financially so that they have a fair chance at setting up their own businesses. The scheme support by providing loans from Rs 10 lakh to Rs 1 crore for the weaker sector of population. Prime Minister Narendra Modi had launched the Start-Up India scheme in January 2016, to help new entrepreneurs to set up their own business. Under this scheme, entrepreneurs can issue loans from banks to start their enterprises. Launched on April 5, this scheme will focus only on SC/ST and women entrepreneurs, to promote the weaker section of the population. The Stand-Up India scheme grants loans to entrepreneurs of the Scheduled Caste and Scheduled Tribes, as well as women. The loan which is granted ranges from Rs 10 lakh to Rs 1 crore. The scheme is only for non-farm sector entrepreneurship.
  6. The Ministry of Small Scale Industries :- The Ministry enhances productivity and competitiveness as well as capacity building of small women enterprises and their collectives in India.
  7. National Small Industries Corporation (NSICS) :-Facilitating growth of small industries since 1955, NSIC’s has developed an incubation programme which is an integrated support scheme. It provides extensive training on working projects. It imparts necessary facilities for prospective entrepreneurs and start-ups to enable them to learn about product manufacturing processes, technology development and business development. It also provides information on bank credit facilities, raw material assistance, tender marketing, exhibitions and so on.

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