Summary:
The Government of India has launched numerous initiatives to empower women by providing financial support and fostering entrepreneurial opportunities, thereby contributing to economic growth and innovation. Notably, over 73,000 startups, accounting for nearly half of the 1,57,066 ventures backed by the Startup India Initiative, have at least one woman director, reflecting the rising influence of women in business leadership and technology-driven enterprises. Prominent schemes such as the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) and Mahila Coir Yojana (MCY) focus on skill development, equipping women with the expertise needed for entrepreneurship. Additionally, programmes like Stand-Up India, Startup India and MUDRA Yojana provide financial assistance and facilitate easier access to bank loans for aspiring women entrepreneurs.
Further support is extended through expedited patent examinations and reduced filing fees under the Indian Patent Act, leading to a remarkable 905% surge in patent applications by women over the past five years. Complementing these efforts, schemes like the Credit Guarantee Scheme for Startups (CGSS), Prime Minister Employment Generation Programme (PMEGP) and Pradhan Mantri Street Vendors Atmanirbhar Nidhi (PM SVANidhi) offer credit guarantees and selfemployment opportunities, promoting financial independence. Several nationalised banks also contribute by offering tailored financial products specifically designed for women entrepreneurs. Notable examples include the Mahila Udyam Nidhi Yojana, Dena Shakti Scheme, Stree Shakti Package for Women Entrepreneurs and Cent Kalyani Scheme. These initiatives collectively foster a robust ecosystem that supports women-led businesses across India. This information was shared by the Minister of State for Women and Child Development, Ms. Savitri Thakur, in a written response to the Lok Sabha, highlighting the government’s commitment to promoting gender-inclusive economic growth.
Source: IBEF
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