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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