Women Entrepreneurs Platform (WEP)

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Women Entrepreneurs Platform (WEP)

Context: NITI Aayog’s Women Entrepreneurship Platform(WEP) and Shri Ram College of Commerce (SRCC), Office of International Programmes (OIP) University of Delhi, had jointly organised a Two-Day International conference on “Empowering Women: Fostering Entrepreneurship, Innovation and Sustainability”.

About the Women Entrepreneurship Platform:

Aim: The initiative is aimed at building an ecosystem for women across India to realize their entrepreneurial aspirations, scale-up innovative initiatives and chalk-out sustainable, long-term strategies for their businesses. This will be done through an enabling network of industry collaborations, partnerships, mentors and peer-to-peer connect.

What it does? From providing unique services such as credit evaluation of women-led startups by CRISIL and potential equity investments through an INR 10 crore fund established by DICE Districts, the WEP opens up avenues of growth and opportunity for women entrepreneurs.

Need for economic empowerment of women:

Economically empowered women are major catalysts for development. There is greater recognition of the positive relationship between increased economic activity by women and improved social outcomes. Women often tend to reinvest their income in their children’s education, health and nutrition. This has a positive impact on the potential for economic growth.

What’s important?

• For Prelims: Women Entrepreneurship Platform.
• For Mains: Women entrepreneurs- need, significance, challenges and solutions.

Sources: the hindu.