Women Entrepreneurs Platform: NITI Aayog signs SoI with Financial Institutions & Social Organisations

NITI Aayog’s Women Entrepreneurs Platform (WEP) has signed five separate Statement of Intent (SoIs) with Financial Institutions & Social Organisations to create opportunities and support women entrepreneurs. These organisations are Shri Mahila Sewa Sahakari Bank Limited, Indiabulls Housing Finance Limited, SREI Infrastructure Finance Limited, Sreemanta Sankar Mission and the Self Employed Women’s Association (SEWA).

Women Entrepreneurs Platform (WEP)

WEP was launched by NITI Aayog on the occasion of International Women’s day (March 8, 2018). Its objective to b build vibrant ecosystem for women across country to help realise their entrepreneurial aspirations, scale-up innovative initiatives and chalk-out sustainable, long-term strategies for their businesses.
It also aims to power vibrant entrepreneurial ecosystem through an enabling network of industry collaborations, partnerships, mentors and peer-to-peer connect. It also seeks to address bottlenecks faced by both aspiring and established women entrepreneurs by streamlining information across government and private sector schemes and initiatives with informative, interactive website as a dedicated resource and knowledge base.
WEP aspires to substantially increase number of women entrepreneurs to create and empower dynamic new India by opening up avenues of growth and opportunity for women entrepreneurs. These aspirations of women entrepreneurs are manifested in three pillars on which WEP is built: Ichha Shakti: Motivating aspiring entrepreneurs to start their enterprise; Gyaan Shakti: Providing knowledge and ecosystem support to women entrepreneurs to help them foster entrepreneurship; Karma Shakti: Providing hands-on support to entrepreneurs in setting-up and scaling up businesses.
The WEP platform operates within broader framework of industry collaborations and partnerships, which cut across sectors in economy. It will provide unique services such as credit evaluation of women-led startups by CRISIL and potential equity investments through an Rs. 10 crore fund established by DICE Districts

Month: Current Affairs - June, 2018