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NITI Aayog launches entrepreneurship platform for women

BL Internet Desk March 8 | Updated on March 09, 2018 Published on March 08, 2018

NITI Aayog CEO Amitabh Kant launched the WEP platform at the agency’s premises in Delhi on Thursday in presence of the UN Resident Coordinator in IndiaYuri Afanasiev, Kailash Kher and industry leaders (file photo)

Credit evaluations by CRISIL, ₹10-crore fund for potential equity investments are among the services envisaged under the platform

NITI Aayog launched the Women Entrepreneurship Platform (WEP), on the occasion of International Women’s Day on Thursday.

The initiative is aimed at building an ecosystem for women across India to realise their entrepreneurial aspirations, scale-up innovative initiatives and chalk-out sustainable, long-term strategies for their businesses.

Amitabh Kant, CEO, NITI Aayog, launched the WEP platform at NITI Aayog premises in the capital today in presence of UN Resident Coordinator in IndiaYuri Afanasiev, Kailash Kher, industry leaders and supporting partners.

Nominations for the Women Transforming India Awards, 2018 were also opened by Amitabh Kant and Yuri Afanasiev.

WEP was envisaged by the CEO NITI Aayog during Global Entrepreneurship Summit (GES) last year in Hyderabad. It aims to power a vibrant entrepreneurial ecosystem through an enabling network of industry collaborations, partnerships, mentors and peer-to-peer connect.

Collaborations and funding

From providing unique services such as credit evaluation of women-led start-ups by CRISIL and potential equity investments through an ₹10 crore fund established by DICE Districts, the WEP opens up avenues of growth and opportunity for women entrepreneurs.

Other partner commitments include ShopClues.com, which has offered to provide internship and dedicated mentorship and Mann Deshi Foundation to provide digital and financial literacy to aspiring women entrepreneurs.

Several other leading corporates and industry bodies viz. NASSCOM, CII, FICCI, SIDBI and Facebook have partnered with WEP to provide business acceleration, mentorship and other start-up support for women entrepreneurs, details of which can be accessed on https://wep.gov.in.

Published on March 08, 2018
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