MoU To Support Women-Led Enterprises

  • Signed by DeendayalAntyodayaYojana- National Rural Livelihood Mission (DAY-NRLM) under the Ministry of Rural Development and the Small Industries Development Bank of India (SIDBI).
  • Memorandum of Understanding is set to span two years.
  • In the presence of Secretary Rural Development Shri Shailesh Kumar Singh and Chairman & Managing Director SIDBI Shri Sivasubramanian Ramann.
  • To demonstrate on-the-ground activities that establish a reliable and sensitive support structure for the capacity enhancement of women entrepreneurs (WEs).
  • Aims to institutionalize standard protocols, systems, and procedures for streamlined access to formal finance, and a comprehensive framework for new financial products and schemes.

Key outcomes expected:

  • Enhanced capacity and ability of State Rural Livelihood Missions (SRLM) teams to promote the graduation of seasoned SHG members into micro-entrepreneurs.
  • The establishment of a reliable and sensitive support architecture for women-led enterprises, involving a network of field cadres, mentors, and experts.
  • The implementation of standardized protocols within DAY-NRLM to support women-led enterprises.
  • The formation of partnerships with financial institutions and a network of financiers.
  • The design and implementation of new financial schemes, such as credit guarantees and interest subventions.
  • The creation of clear, scalable models for promoting women-led enterprises which can be replicated nationwide.
Posted in Current Affairs.