Know the 4 programmes which promote women entrepreneurship

The Government of India through various ministries and departments are running four crucial programmes which are promoting women entrepreneurship in the country with a focus on rural areas

Know the 4 programmes which promote women entrepreneurship

The Government of India has taken several measures aimed at promoting entrepreneurship among women in the country through various programmes.

1. Rural Self Employment and Training Institutes
Skill development is being imparted through Rural Self Employment and Training Institutes (RSETIs), under Ministry of Rural Development. It’s is a Bank-led initiative, enabling a trainee to take bank credit and start his/her own micro-enterprise.

RSETI programme is currently being implemented through 585 RSETIs by 23 leading banks — both public sector and private sector as well as few rural banks — in 33 states and union territories, covering 566 districts in the country.

Training in RSETI is being imparted for 61 courses aligned with National Skill Qualification Framework (NSQF). Out of 61 courses as many as 38 following courses are exclusively suitable for women candidates for taking up self-employment ventures after being trained in these courses.

2. Prime Minister’s Employment Generation Programme
Prime Minister’s Employment Generation Programme (PMEGP) under Ministry of Micro, Small and Medium Enterprises (MSME), is a major-credit-linked subsidy programme aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector. Any individual above 18 years of age is eligible to avail benefits of the programme.

For beneficiaries belonging to special categories such as women, scheduled caste, scheduled tribe, OBC, minorities, ex-serviceman, physically handicapped, North Eastern Region (NER) and hill and border areas the margin money subsidy is 35 percent in rural areas and 25 percent in urban areas. There is a special provision of three percent procurement by Government departments and PSUs from Micro and Small Enterprises owned by women.

3. Economic Empowerment of Women Entrepreneurs and Start-ups
To encourage women entrepreneurship within the country, Ministry of Skill Development and Entrepreneurship (MSDE) implements the project named ‘Economic Empowerment of Women Entrepreneurs and Start-ups by Women’. The project pilots incubation and acceleration programmes for women micro entrepreneurs to start new businesses and scale up existing enterprises.

4.  Women Entrepreneurship Platform
The Women Entrepreneurship Platform (WEP) of NITI Aayog was launched on March 8, 2018 on the occasion of the International Women’s Day as NITI Aayog’s flagship initiative. WEP has pan India coverage and does not have state specific programmes. Registration on the portal and all subsequent services are provided free of cost for WEP users. WEP caters to both aspiring and well established women in the space of entrepreneurship.

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