Women Entrepreneurship Program launched by National Skill Development Corporation (NSDC) | Current Affairs | Vision IAS
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Women Entrepreneurship Program launched by National Skill Development Corporation (NSDC)

Posted 01 Aug 2024

2 min read

About the Program

  • It aims to empower 25 lakh women entrepreneurs with skill, knowledge, resources, and financial grants, etc.
  • NSDC, with National Institute for Entrepreneurship and Small Business Development (NIESBUD), will offer free online self-learning entrepreneurship courses through Skill India Digital Hub (SIDH). 
    • The NIESBUD and SIDH under the Ministry of Skill Development and Entrepreneurship (MSDE) are engaged in providing training and apprenticeship opportunities. 
    • NSDC is a not-for-profit public limited company.

Significance of Women Entrepreneurship

  • Economic: 
    • Job creation (women led enterprises could create around 170 million jobs, NITI Aayog),
    • Increase in GDP (50% of women in workforce could increase GDP by 1.5%, World Bank)
    • foster innovative business practices
  • Social: 
    • Empowerment (breaking gender norms and stereotypes);
    • Enhanced education, awareness, and networking opportunities;, etc. 
  • Political: Policy advocacy, fostering strong women agency. 
  • Cultural:  Participation in traditional crafts and arts can advance India’s cultural heritage

Challenges faced by Women Entrepreneurs in India

  • Gender gap in access to finance, male dominated family structure etc.
  • Social cultural barriers dual burden of balancing work and traditional gender roles. 
  • Others: lack of literacy; safety at workplace, access to advanced technology, etc.

Some Initiatives for fostering Women Entrepreneurship

  • Mudra Loans: with no collateral required by women for upto 10 lakh loans. 
  • Stand-Up India: financing Women Entrepreneurs.
  • Trade-Related Entrepreneurship Assistance and Development (TREAD): financing women through NGOs.
  • Women Entrepreneurship Program by NITI Ayog
  • Tags :
  • National Skill Development Corporation
  • Women Entrepreneurship
  • Women Entrepreneurship Programme
  • Women Empowerment
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