Login With Google
NITI Aayog form consortium to help women entrepreneurs
Why in the news ?
- The Women Entrepreneurial Platform of NITI Aayog and the UN India Business Forum together formed a consortium to reduce gender disparities in startup investments by providing mentorship and networking opportunities and accelerating financial and market linkages for women entrepreneurs.
More on news
- The consortium aims to strengthen women’s entrepreneurship by creating an enabling ecosystem for investments.
- The Consortium for Women Entrepreneurs will bring together key ecosystem stakeholders, including venture capitalists and impact investors, international donor and funding agencies, private sector partners and state governments.
- Women entrepreneurs will be identified through key partners, including WEP, UN Women, and UNDP. The consortium secretariat will then connect entrepreneurs with relevant members.
- Sustainable development has the potential to open up markets worth $12 trillion around the world by 2030.
- In “full potential” scenario when women participate in the economy, equally to men, it could add $2.9 trillion to India’s GDP by 2025, according to the statement.
- However, Indian women entrepreneurs continue to face challenges in accessing investors and raising capital.
- It is estimated that up to $5 trillion is needed in a year to implement UN’s Sustainable Development Goals (SDGs) worldwide.
- Return on investments on implementing the SDGs could be about $30 billion a year.
Source
The Hindu.