Partnership to Promote Women-Led Enterprises in India

Strategic Insights -

Deen Dayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM), under the Ministry of Rural Development, has partnered with the Small Industries Development Bank of India (SIDBI) to enhance support for women-led enterprises. This initiative aims to boost women entrepreneurship through capacity building, establishment of a support architecture, and implementation of standardized protocols. The partnership will also facilitate the formation of partnerships with financial institutions and the design of new financial schemes to promote women-led enterprises nationwide.

Key Takeaways:

  • The partnership between DAY-NRLM and SIDBI focuses on enhancing the capacity of State Rural Livelihood Missions (SRLM) teams to promote women-led micro-entrepreneurs.
  • The joint effort aims to establish a reliable and sensitive support architecture for women-led enterprises, involving a network of field cadres, mentors, and experts.
  • The partnership will cater to the formation of partnerships with financial institutions and the design of new financial schemes, such as credit guarantees and interest subventions.
  • The scheme, DAY-NRLM, aims to cover 7 crore rural poor households across the country through Self Help Groups (SHGs) and federated institutions.
  • As of July this year, 19.43 per cent of MSMEs registered on the Udyam portal were owned by women.
  • Under the government's Stand-Up India scheme, 2.07 lakh loans amounting to Rs 46,737 crore were sanctioned since its launch in April 2016.

Statistics:

  • 7 crore rural poor households will be covered under the DAY-NRLM scheme.
  • 6,000 blocks, 2.5 lakh gram panchayats, and 6 lakh villages will be supported through SHGs and federated institutions.
  • 19.43 per cent of MSMEs registered on the Udyam portal were owned by women as of July this year.
  • 2.07 lakh loans amounting to Rs 46,737 crore were sanctioned under the Stand-Up India scheme since its launch in April 2016.

Sources:

  • Ministry of Rural Development's statement
  • Bhanu Pratap Singh Verma, Minister of State in the MSME Ministry
  • Udyam portal
  • Stand-Up India scheme
  • DAY-NRLM under the Ministry of Rural Development