Govt Expands ‘Swavalambini’ to Empower More Women Entrepreneurs
In a significant move to promote women entrepreneurship in the country, the Ministry of Skill Development and Entrepreneurship, in collaboration with NITI Aayog, has expanded the ‘Swavalambini’ programme to empower more women entrepreneurs. The programme, which was initially launched in 2019, aims to provide awareness-building, skill development, mentorship, and funding support to women entrepreneurs across the country.
The ‘Swavalambini’ programme is designed to bridge the gender gap in entrepreneurship and enable women to take up leadership roles in the business world. The programme focuses on providing training and mentorship to women entrepreneurs in various sectors, including agriculture, manufacturing, and services. The programme also aims to create a supportive ecosystem for women-led businesses to grow and thrive.
The expansion of the programme comes at a time when there is a growing recognition of the importance of women’s participation in the economy. According to the World Bank, women’s economic empowerment can lead to significant economic growth and development. In India, women’s participation in the workforce is still relatively low, with only 24% of women employed in the formal sector. The ‘Swavalambini’ programme aims to change this narrative by empowering women to take up entrepreneurial roles and create employment opportunities for themselves and others.
The programme has already made significant progress since its launch in 2019. Over 10,000 women entrepreneurs have been trained and mentored under the programme, with a significant increase in their income and employment opportunities. The programme has also seen a significant increase in the number of women-led businesses that have received funding support.
The expansion of the programme is expected to have a multiplier effect on the economy, with more women-led businesses creating employment opportunities and contributing to GDP growth. The programme is also expected to promote rural development and reduce poverty by empowering women in rural areas to take up entrepreneurial roles.
The ‘Swavalambini’ programme is a testament to the government’s commitment to promoting women’s empowerment and entrepreneurship in the country. The programme is an important step towards achieving the government’s vision of a self-reliant India, where women play a significant role in the economy.
The programme has also received support from various stakeholders, including industry associations, NGOs, and financial institutions. The programme has also received funding support from the government and other organizations.
In conclusion, the expansion of the ‘Swavalambini’ programme is a significant step towards empowering more women entrepreneurs in the country. The programme has the potential to promote women’s economic empowerment, create employment opportunities, and contribute to GDP growth. The programme is an important step towards achieving the government’s vision of a self-reliant India, where women play a significant role in the economy.
