Women Entrepreneurship Program: NSDC and Britannia Industries Join Forces

Why in News?

The Women Entrepreneurship Program is a scheme has been recently enacted by the National Skill Development Corporation (NSDC) to liberate women business entities and to boost economic growth. It is intended to target the numerous difficulties that women encounter when establishing and nurturing their businesses in order to give them the necessary aid.

A Strong Partnership with Britannia Industries Limited

It is significantly influential for the Women Entrepreneurship Program because of its collaboration with Britannia Industries Limited. In addition to disbursement of funds, this partnership also features participants’ products and services on the Skill India Digital Hub; the commitment clearly underlines participant’s strong policy of integrating women entrepreneurs in the country. Shri Atul Kumar Tiwari Secretary, Ministry of Skill Development & Entrepreneurship said, ‘I wish to thank Britannia for its commitment to women entrepreneurship’.

As for the social responsibility and empowerment measures, the company has certain objectives Examples of companies implementing this sphere are the so called Britannia Industries Limited which is one of the leading FMCG companies in the Indian market. In collaboration with NSDC, Britannia wants to ensure that the company’s assets and networks are used in order to empower women who are interested in becoming entrepreneurs. This is expected to develop a chain effect compel other corporations to take similar actions.

Significant Progress through NIESBUD

The Ministry of Skill Development and Entrepreneurship’s concentrated attention on entrepreneurship has already drawn substantial advancement on the part of the NSDC by way of the NIESBUD, the National Institute for Entrepreneurship and Small Business Development. Specific schemes under the partnership with Minister of Tribal affairs, Minister of Rural development and other Ministers have progressed this cause. These partnerships have offered skill development to women’s self-help group that has pulled them into different business formations where they can optimally require the support they desire.

For example, NIESBUD being a key agency has played a significant role in developing training programs to competing ranges, including basic business management and competitive business strategies. These programs have targeted women with the aim of provided solution to their problems in doing business due to different kinds of displaying.

Importance of Collaboration

It was noted by Shri Atul Kumar Tiwari that it would be essential to work following other organizations and government departments’ protocols. He said in this section skilling- Jan Shikshan Sansthan 82% of the trainees are women. Also, in the PMKVY short-term training program, forty-five percent of the participants are women. These statistics show that teamwork plays a crucial part in women’s concerns and the improvement of their business potentialities.

Training is not the only thing that is encompassed in collaboration. It transform the working relations of several organizations where they share their resources and knowledge hence increasing their supporting structure for women entrepreneurs. For example, cohesion may result into formation of special programs for the successful businessmen to be given the role of being role models for new comers in the market by showing them the ropes on how to conduct business.

Aims of the Women Entrepreneurship Program

The Women Entrepreneurship Programme, with 1000 women planned to benefit, targets about 2. To this effect, it has reached out to 5 million women across the length and breadth of the country thus offering them the necessary tools, know-how, and resources for the establishment and sustenance of viable enterprises. This endeavour aims at addressing the problems of women in entrepreneurship through affordable skills, information and contacts. Among those are provided free of charge self-learning basic entrepreneurship courses in multiple languages available on the Skill India Digital Hub (SIDH) to help women from all Indian states.

The offered courses include the basic issues of creating a business, its financing, the establishment of a commercial company and its marketing, and legal aspects. The online availability of these resources helps to provide equal access to women from all provinces, even remote ones, making use of the training provided by the program.

Encouraging Innovation and Excellence

The event will end with the final show of the 50 selected participants where they will pitch their business ideas to a panel of judges. As also to make the contestants put their best foot forward, finals will be held to select ten successful contenders among who Britannia Industries Limited will distribute a grant of ₹ 10 lakhs each. With such a considerable financial boost, these women will be able to transform their business ideas into realities.

The climax is not a competition affair but a platform through which the women entrepreneurs can demonstrate their creativity and innovation. It will bring together prominent business people, investors and policy makers implying that the participants will benefit from exposure. In essence, to these entrepreneurs, being architects of the financial grant means guaranteeing such businesses a new dimension of expansion to even newer and bigger markets.

Women-Led Entrepreneurship

Reflecting the similar feelings of emancipation, Shri Ved Mani Tiwari, while speaking to the gathering as the COO (Officiating CEO) of NSDC & MD of NSDC International, said that It’s the program of women entrepreneurship and this is in tune with the Prime Minister’s idea of women upliftment. He also undertook to work with private and public enterprises to prepare women to be abreast with the business world with an aim of fostering entrepreneurship programs. Looking at the campaigns like Beti Bachao, Beti Padhao to Lakhpati Didi, India has come a long way in women development.

Several policies and government measures have demonstrated its interest in assisting women in business through promoting women’s entrepreneurship. Such measures include streamlining of bureaucratic formalities, availability of funds, and the guarantee of market and networking opportunities for females in business.

Distinguished Attendees

The board advertised its launch event through a conventional and social media advertisement to which several attendees graced the occasion; Ms. Trishaljit Sethi, (DG) Directorate General of Training, Ms. Sonal Mishra and Ms. Hena Usman Joint Secretaries Ministry of skill development and entrepreneurship, among senior officials. They are all with us today to highlight the importance of this specific endeavour as well as the joined fight for women in business.

Britannia Marie Gold’s Vision

On the subject of why Britannia decided to partner with NSDC, Britannia Industries’ CEO and Executive Director, Shri Rajneet Singh Kohli, said that their brand Britannia Marie Gold believes that women entrepreneurs should fly high and achieve better results together. He said that the memorandum of understanding with NSDC has definitely proved as a boon for empowering woman sector in India which is quite clear from ’s Britannia Company’s vision towards this ideology.

Britannia Marie Gold, a product from Britannia Industries, has been associated with the building and encouraging of women’s dreams. Over the years, it has employed different campaigns and causes in an effort to contribute towards supporting women to come out and speak out to other women. The association with NSDC appears as a logical progression of Britannia Marie Gold’s mission to help many women become financially independent, through the avenue of self-employment.

Ensuring Long-Term Effectiveness

Thus, sustainability of the program will be further enhanced by impact assessment exercises to be conducted by NSDC from time to time. These assessments will indicate the effectiveness and longevity of the supported companies to so that the initiative maintains the environment that woman entrepreneurs need. Thus, the program to expand the coverage and increase recognition of women’s entrepreneurship is intended to help women grow as business professionals.

The credentials will encompass diversified factors including business development, employment generation and upliftment of the community. Therefore, by studying these indicators, NSDC can adapt the program and add new components to meet novel difficulties. It further enables the program to be sustained in the long run because it will be changing and adapting to the new and developing needs of the community.

Conclusion

The Women Entrepreneurship Program by NSDC with cooperation of Britannia Industries Limited indicate that the Indian government and other stakeholders are serious in promoting women business in country. This social cause meets women’s needs for funds to start their businesses, acquire new skills and market their products as they struggle to balance between work and family. Further down the line, it seeks to offer long-term positive changes to the economic fabric and Femme Osborn’s focus on women entrepreneurs.

FAQS

Q1: What is the Women Entrepreneurship Program?
Ans: The Women Entrepreneurship Program is an initiative launched by the National Skill Development Corporation (NSDC) in partnership with Britannia Industries Limited. It aims to empower approximately 2.5 million women across India by providing them with the skills, knowledge, and resources needed to start and grow successful businesses.

Q2: Who can participate in the Women Entrepreneurship Program?
Ans: The Women Entrepreneurship Program is open to women across India who aspire to start or grow their businesses. It offers self-learning basic entrepreneurship courses available in multiple languages on the Skill India Digital Hub (SIDH).

Q3: What kind of support does the Women Entrepreneurship Program offer?
Ans: The Women Entrepreneurship Program provides financial grants, skill training, and networking opportunities. It includes complimentary self-learning entrepreneurship courses and culminates in a grand finale where top contestants can win substantial financial grants.