Telangana Launches First NITI Aayog Women Entrepreneurship Chapter

October 3, 2024

Telangana has made history as the first state in India to start a chapter of NITI Aayog’s Women Entrepreneurship Platform (WEP). This initiative is focused on helping women entrepreneurs by offering them important tools, resources, and connections to grow their businesses.

Launch and Vision

The WEP Telangana Chapter was officially launched in Hyderabad by BVR Subrahmanyam, CEO of NITI Aayog, along with other government officials. This platform is aimed at encouraging women to start and grow businesses by offering support in areas like digital skills, access to financial services, mentorship, and market opportunities.

Role of WE Hub

WE Hub, India’s first incubation center created specifically to support women entrepreneurs, will manage the WEP in Telangana. WE Hub has a large network and will use its resources to empower women in business, helping them improve their abilities and find better business opportunities.

Importance for Economic Growth

Mr. Subrahmanyam highlighted that women’s entrepreneurship is very important for the future of India’s economy. The WEP Telangana Chapter is designed to tackle some of the big challenges that women entrepreneurs face, such as getting funding, finding mentors, and accessing markets. By addressing these issues, the platform aims to help women build successful businesses.

Future Expansion Plans

Anna Roy, Principal Economic Advisor at NITI Aayog, mentioned that there are plans to expand the WEP to smaller cities, known as tier 2 and tier 3 cities, in the future. The goal is to work with different states to build a supportive environment where women entrepreneurs can thrive, making it easier for them to succeed in business.

WE Bridge Initiative

The ‘WE Bridge’ initiative was also launched, offering a one-stop platform where women entrepreneurs in Telangana can easily access funding, technology, and networking opportunities. This initiative aims to simplify the process for women entrepreneurs to get the support they need, helping them grow and innovate in their businesses.

Objectives of the WEP Telangana Chapter

The WEP Telangana Chapter has three main objectives:

Empower women with digital and financial skills: Helping women learn essential skills that will improve their business operations.

Connect women entrepreneurs with industry leaders: Offering mentorship from experienced business leaders to guide women in growing their businesses.

Facilitate market access: Helping women entrepreneurs connect with investors and find business opportunities that can help them succeed.

This program aims to create an environment where women entrepreneurs can flourish, contributing not only to their personal growth but also to the economic development of Telangana and beyond.

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