New Scheme for Women Entrepreneurs to be Launched Soon

The central government is going to launch a new ambitious scheme for the women entrepreneurs of the country. This information is released by the Ministry of Micro and Medium Enterprises (MAME) today. The government will provide loan to the women entrepreneurs under this scheme.

This scheme is announced during the launching of the portal myloanassocham.com for providing the funds for the industries and to the entrepreneurs. The officials said that this will be an exclusive scheme for women entrepreneurs. Anil Kumar a joint secretary in the ministry said that the central government will launch this scheme before the end of the financial year.

Kumar said the figures that the MSME sector contributes 8 per cent to the country GDP, 45 per cent of the manufacturing output and 40 per cent of the exports are based on survey reports of 2007.

In this background, the Ministry is in the process of creating an MSME data bank based on which it can project the actual requirements of the sector, he said and asked these enterprises to register themselves.

Noting that 90 per cent of MSMEs in India are either based on proprietorship or partnership model, Kumar pitched for the putting in place a corporate structure so that an enterprise “does not die when entrepreneur passes away.

The central government will launch this scheme to encourage the interest of the women in the entrepreneurship. Under this scheme the government will provide the affordable loan to the women at affordable interest rates. So the women would be able to run the business efficiently by taking the benefit of this scheme.

Jiji Mammen, CEO, MUDRA, S Uma Shanmukhi, GM (SME), SBI, Jyoti Prakash Gadia, MD, Resurgent India Ltd., Srikanth Badiga, Chairman, Assocham, Telengana Development Council and DS Rawat, Secretary General, Assocham have participated in the program.

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