Renewed Focus on Women Led Business in India

This year was remarkable in terms of the steam generated for Women Entrepreneurship and we see that it will only grow from here. India got its first ever Women Defence Minister..

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This year was remarkable in terms of the steam generated for Women Entrepreneurship and we see that it will only grow from here. India got its first ever Women Defence Minister Hon. Smt. Nirmala Sitaraman. Shubhangi Swaroop, from Bareilly in Uttar Pradesh created history by becoming the Navy’s first woman pilot. The milestone was praised by the Government as representative of the quantum leaps in women’s rights the country is making. The amazing Women-led team of scientists in ISRO is another feather in our cap amongst several others.

“Women-led development is being seen in every field be it design, science, technology, communication, arts, environmental and more. What more can acknowledge the fact about renewed focus than the recent world GES (Global Entrepreneur Summit) which had the theme of ‘Women First, Prosperity for All’.”

As one of the Key invitees at the Summit, Ivanka Trump observed “This is the first time that women make up the majority of the 1,500 entrepreneurs selected to attend the event. From doctors, scientists to engineers and architects, Indians are ahead, be it discovering life-saving technologies and building modern wonders, to reaching the Moon and Mars.” Ivanka also highlighted how technology is a great driver to promote women entrepreneurs as it reduces barriers to starting businesses and offers tremendous opportunities.

WADe Asia (World Women Architects Artists and Designers – Asia) which recently celebrated its second edition in October this year was a grand success with participation from across India and representation from five other South East Asian countries. It brought together Women leaders from Architecture, Design, Art together in a common platform and was lauded by all.

It is good to see renewed focus on women-led businesses. Various schemes have been launched to promote and support entrepreneurship among women and getting loans easier. In December 2017, Maharashtra became the first State to have a policy for women entrepreneurs. Under the policy, a woman entrepreneur will get financial assistance from Rs.15 lakh up to Rs.1 crore in proportion of 15% to 35% of the capital investment of the project at a subsidized rate of interest of up to 5%. At the same time, the projects will get electricity at subsidized rate of Rs. 1-2 per unit instead of Rs. 7-8 per unit.

This is excerpt from the article “10 TAKE AWAYS from 2017 to 2018” by Vertica Dvivedi, first published in SURFACES REPORTER MAGAZINE January 2018 edition. You can buy the copy from www.amazon.in from 1st January onward. Discounted Subscription can be done at www.surfaces.in

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