Goldman Sachs' $100 Million Boost for Women Entrepreneurs in India

 Goldman Sachs has announced a significant milestone for women entrepreneurs in India, with 200 women-led businesses set to raise Rs 850 crore ($100 million) from investors. This investment aims to drive business expansion and create new jobs across the country, marking a major step in supporting women entrepreneurs.

Goldman Sachs 10,000 Women Initiative in India

The funding comes as part of the Goldman Sachs 10,000 Women initiative, a global program focused on empowering women entrepreneurs. Union Minister Piyush Goyal commended the initiative, highlighting its role in unlocking the entrepreneurial potential of Indian women. He noted that the program has already helped 3,500 women entrepreneurs create new job opportunities, significantly contributing to economic growth.

Aligning with India’s Vision for 2047

Minister Goyal emphasized that the initiative aligns with India’s long-term development goals under the framework of “Amrit Kaal”, which envisions a Viksit Bharat (developed India) by 2047. By focusing on empowering women entrepreneurs, the initiative supports the nation’s broader vision of inclusive and sustainable economic growth.

Partnership with NSRCEL at IIM Bangalore

In collaboration with NSRCEL, the incubation center at IIM Bangalore, the initiative provides comprehensive support for women entrepreneurs. This partnership offers:

• Financial Training and Business Development Skills
• Access to Mentorship and Expert Guidance
• Networking Opportunities
• Connections to Investors and Funding Resources

Through this collaboration, women entrepreneurs are equipped with the necessary skills and resources to grow their businesses and tackle the challenges of the marketplace.

Leadership Insights

Goldman Sachs executives Asahi Pompey and Sonjoy Chatterjee highlighted the program’s potential to drive economic growth by empowering women-led businesses. They noted that addressing the credit gap for women entrepreneurs can lead to sustainable job creation, wealth generation, and a more inclusive economy. The focus on mentorship and financial readiness aims to pave the way for greater investment and business success.

A Pathway to Economic Empowerment

The Goldman Sachs 10,000 Women initiative is making a significant impact on India’s entrepreneurial landscape. By providing capital, mentorship, and critical business skills, the program is helping women entrepreneurs overcome barriers and seize new opportunities. This initiative not only strengthens individual businesses but also contributes to the broader economic development of the country.

As India moves towards its goal of becoming a developed nation by 2047, empowering women entrepreneurs is a key strategy in building a resilient and inclusive economy. Goldman Sachs' commitment to this cause marks an important step in supporting the next generation of women business leaders in India.

Source: Internet

Empowering Innovation: Women Entrepreneurs Transforming Challenges into Opportunities

In the dynamic world of entrepreneurship, women are breaking down barriers and turning obstacles into opportunities for growth and innovation. Through their collective strength, resilience, and creativity, they're redefining the entrepreneurial landscape and paving the way for a more inclusive and vibrant future. By embracing their unique perspectives and experiences, women entrepreneurs are:

# Shattering gender bias with authentic storytelling and visibility

# Building powerful networks through collaboration and community

# Adapting to evolving consumer needs with agility and inclusivity

# Embracing strategic risk-taking and informed decision-making

Let's celebrate and support these trailblazing women, who are revolutionizing entrepreneurship and empowering a brighter future for all!

Empowering women entrepreneurs requires a multifaceted approach. Here are some ways to empower them:

Provide access to resources: Funding, mentorship, training, and networks.

Create opportunities for visibility: Showcase their stories, products, and services.

Foster a supportive community: Encourage collaboration, peer support, and networking.

Address systemic barriers: Challenge gender bias, stereotypes, and discriminatory policies.

Promote inclusive policies: Implement family-friendly policies, flexible work arrangements, and equal pay.

Develop targeted programs: Offer training, mentorship, and funding programs specifically for women entrepreneurs.

Celebrate successes: Recognize and celebrate women's achievements in entrepreneurship.

Provide access to markets: Connect women entrepreneurs with customers, suppliers, and partners.

Support work-life balance: Encourage self-care, wellness, and flexible work arrangements.

Advocate for policy change: Push for policies that support women's entrepreneurship and economic empowerment.

By implementing these strategies, we can empower women entrepreneurs to succeed, grow, and thrive, leading to a more equitable and prosperous society.

#WomenInBusiness #WomenEntrepreneurs #GirlBoss #FemaleFounders #WomenInSTEM #WomenInTech #Entrepreneurship #WomenEmpowerment #EmpowerHer #SupportWomenOwned #WomenSupportingWomen #Inclusion #Diversity #Equity #GenderEquality #WomenLead

Advancing Women’s Financial Inclusion: A Path to Economic Empowerment

 Boosting financial inclusion for women is vital to unlocking the full potential of India's economy, especially as a large portion of women remain outside formal financial systems. By empowering women financially, we not only improve their individual prospects but also stimulate broader economic growth through enhanced investments in families, businesses, and communities.

Key Solutions for Women's Financial Inclusion:

1. Access to Digital Finance and Tech Literacy: Providing access to mobile banking, financial apps, and tech literacy training ensures that women can engage with formal financial services. Tailoring digital solutions in regional languages will improve accessibility for women across diverse backgrounds.

2. Tailored Financial Products: Customizing savings accounts, credit schemes, and insurance products for women—especially those in rural areas—can enhance participation. Microloans and flexible payment options are particularly impactful for women entrepreneurs and those with limited financial histories.

3. Financial Literacy Programs: Teaching women about budgeting, saving, and investing is key to helping them make informed financial decisions. Financial literacy programs can provide the foundation for sustainable economic independence.

4. Building Credit Histories: Many women lack formal credit histories, preventing them from accessing loans. Microfinance and small loan programs can help them build credit and unlock greater financial opportunities.

5. Strengthening Social Support Networks: Women’s self-help groups (SHGs) and cooperatives can be vital in creating a supportive environment. These groups offer women a trusted network to learn, save, and access credit collectively.

6. Government and Private Sector Collaboration: A joint effort is necessary to promote financial products that cater to women’s needs. Governments can incentivize financial institutions, while the private sector can drive fintech innovations to expand access.

With a holistic approach that includes technology, tailored products, and education, we can close the financial inclusion gap and empower women, driving long-term economic prosperity.

#WomenEmpowerment #FinancialInclusion #DigitalFinance #InclusiveGrowth #WomenInBusiness #TechForGood

Women Entrepreneurs in India: Pioneering Change and Overcoming Challenges

 In 2023, women entrepreneurs are transforming India's business landscape, making up 14% of the nation's entrepreneurs. This equates to roughly 8 million women, with 10% of all formal enterprises owned by women. Their presence is particularly notable in the MSME sector, where women-led businesses account for 20.37% and employ approximately 23.3% of the labor force. These women are active in diverse sectors such as e-commerce, fashion, education, healthcare, and technology, bringing fresh ideas and innovation to traditional industries.

Pioneers like Richa Kar of Zivame and Falguni Nayar of Nykaa are leading by example. Richa Kar revolutionized online lingerie shopping in India, challenging societal taboos and often sharing insights on her journey and the importance of perseverance. Falguni Nayar, a self-made billionaire, transformed the beauty retail sector, discussing leadership and women empowerment in business. Other notable leaders include Kiran Mazumdar Shaw of Biocon, Suman Agarwal of ICBI, and Shradha Sharma of YourStory, all of whom inspire with their stories of resilience and success.

Despite their successes, women entrepreneurs in India face significant challenges. Gender-specific barriers limit their opportunities in many sectors, while a lack of social and institutional support, mentorship, and guidance further hampers their progress. Funding difficulties, often due to gender biases, restrict access to necessary capital. Limited professional networks, which are typically male-dominated, and the pressure to balance traditional gender roles with business responsibilities add to their struggles. Safety concerns and restricted mobility further complicate their ability to travel for business purposes. Education gaps in relevant fields and limited industry knowledge also pose significant obstacles. Moreover, the scarcity of female role models in entrepreneurship makes it challenging for aspiring women entrepreneurs to find guidance and inspiration, while long-standing patriarchal traditions often confine women to supportive roles, impacting their professional journeys.

Despite these hurdles, women entrepreneurs are reshaping India's economic and social fabric. They contribute 22% to India's GDP, a figure that is expected to rise significantly. By 2030, it is predicted that over 30 million women-owned companies could generate between 150-170 million jobs, potentially altering the economic landscape. Women entrepreneurs are not only creating job opportunities and driving economic growth but are also challenging deep-rooted gender norms and stereotypes, paving the way for a more inclusive and equitable society.

Their journey, marked by perseverance and adaptability, is an inspiring narrative of transforming challenges into opportunities. As game changers in the arena of Indian entrepreneurship, women are not just participants; they are rewriting the rules of the game, one enterprise at a time. Their impact is a testament to their indomitable spirit and innovative prowess, fostering a future where women's contributions to the economy are recognized and celebrated.

Happy women's day

Happy Women’s Day 

"LET HER TAKE HER TIME !

*When she takes her time* to drink a barely warm cup of tea, let her. She's given her time to cook your meal and serve it to you before she sat to drink her tea.

*When she takes time* to select a dish from the menu, let her. Every day, for every meal she has prepared she has given her time to think about what to make, how much, and for whom.

*When she takes time* to dress up to go out with you, let her. She has given her time to make sure that your ironed clothes are in their place and knows better than you, where your socks are. She has dressed up her child thoughtfully, to look like the most smartly dressed up child around.

*When she takes time* to watch TV mindlessly, let her. She is only half concentrating and has a clock ticking in her head. As soon as it's nearing dinner time, you'll see her disappear to get things ready.

*When she takes time* to serve you breakfast, let her. She has kept aside the burnt toast for herself and is taking the time to serve her family the nicest ones she could manage.

*When she takes time* after her tea to just sit by the window and stare into nothingness, let her. It's her life, she's given you countless hours of her life..

Let her take a few minutes for herself.

_She's rushing through her life, giving chunks of her time whenever needed, wherever needed._ 

_Don't rush her more than she rushes herself._

Mou was signed between Telangana-based incubator WE Hub with social commerce platform Meesho

Mou was signed between Telangana-based incubator WE Hub  with social commerce platform Meesho in order to help women entrepreneurs from Telangana to achieve financial independence by providing market exposure.
#entrepreneurs #socialcommerce #startup #womenentrepreneur

https://www.thenewsminute.com/article/we-hub-ties-meesho-help-women-entrepreneurs-telangana-144594

Excellent article ... must read

But before you celebrate, post, tweet, share and talk about the importance of International Women’s Day, ask yourself the following question: As a leader, what are you doing to support and keep working mothers in the workforce during this pandemic? 

Lines from excellent article by Mita Mallick

ENTREPRENEUR LEADERSHIP NETWORK VIP, Head of Inclusion, Equity and Impact

Must read

https://www.entrepreneur.com/article/364923