08/09/2024

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

26/05/2024

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.


07/03/2021

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._

05/03/2021

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


04/03/2021

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

New stickers launched by Instagram to salute women ahead of International women's day 2021

New stickers have been made by Instagram as international women's day is approaching on March 8 and hashtag #IWD2021 has been started.
The company stats that the stickers stand in solidarity with front line workers who assumed so much responsibility through the pandemic, with mothers, those among the limb disability community, with elderly Asian women who faced racism, and all the communities of support that have sparked joy in the lives of women all over the world.
https://tech.hindustantimes.com/tech/news/instagram-launches-new-stickers-to-celebrate-international-women-s-day-2021-71614846995351.html
#internationalwomensday2021 #women #genderequality #instagram #womenleaders #womenempowerment #inclusion


16/02/2021

If you dream big and have determination to achieve it, nobody can stop you!!!

If you dream big and have determination to achieve it, nobody can stop you...Manya Singh from Uttar Pradesh, daughter of a rickshaw driver is true example of this. She has won the Miss India runners-up title. She came to Mumbai by herself and didn't even have money to eat on the train. She studied on the streets, worked at Pizza Hut while her parents didn't have money for her school fees. But none of these situations ever hindered in her growth path.