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

Periodically curated articles and updates on national and international developments relevant for UPSC Civil Services Examination.

Quick Links

High-quality MCQs and Mains Answer Writing to sharpen skills and reinforce learning every day.

Watch explainer and thematic concept-building videos under initiatives like Deep Dive, Master Classes, etc., on important UPSC topics.

ESC

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
Watch Video News Today

Explore Related Content

Discover more articles, videos, and terms related to this topic

RELATED VIDEOS

2
News Today (Aug 01, 2024)

News Today (Aug 01, 2024)

YouTube HD
Transformation of Family Structures in India

Transformation of Family Structures in India

YouTube HD
Title is required. Maximum 500 characters.

Search Notes

Filter Notes

Loading your notes...
Searching your notes...
Loading more notes...
You've reached the end of your notes

No notes yet

Create your first note to get started.

No notes found

Try adjusting your search criteria or clear the search.

Saving...
Saved

Please select a subject.

Referenced Articles

linked

No references added yet

Subscribe for Premium Features