March 10, 2021
Karnataka CM BS Yediyurappa - The Hindu×
Karnataka CM Yediyurappa assures support to women entrepreneurs Karnataka is ready to provide support to women-owned micro-businesses. Speaking after the launching ‘Xcelerator Bangalore (XB), a curated six-month accelerator programme, for supporting and scaling women-owned micro-businesses, Chief Minister BS Yediyurappa assured all support to women entrepreneurs. He promised that the State Government would deliberate on supporting women entrepreneurs in district-level too, in order to empower them.
Referring to the State Budget, which he presented on Monday, the Chief Minister said he has granted ₹37,188 crore for women-centric programmes. Likewise, the government is also encouraging small scale/micro entrepreneurs, working women, employees, rural self-help groups, through various initiatives including the prominent Elevate Women programme.
Ludhiana: The six-month-old ‘Xcelerator Ludhiana - Sadda Karobaar, Punjab Di Shaan’ business accelerator programme has started yielding results for the entrepreneurs, who have signed up for the programme, and is paving the way for the participants to become local success stories.
The programme led by the government of Punjab, Chamber of Industrial and Commercial Undertakings (CICU) and Global Alliance for Mass Entrepreneurship (GAME) is aimed at catalysing the growth of businesses in Ludhiana.
“After the first session of Xcelerator with customers, I was able to strike better conversations with my end retail customers and got new orders by talking about my products and my business value proposition. This has helped me scale up my business in a short period,” said Siddhant Pruthi of Robin International, associated with the programme.
Synopsis
There have been many factors that aided the growth of Chinese SMEs, including strong cultural advantages and a sharp focus. India too can replicate a similar model to accelerate MSME growth.
ThinkStock Photos
In order to activate the growth cycle then for SMEs in India, it would be imperative to have more cities and towns where ecosystems exist to amp up the sector.
Each year there are about five million SMEs more in China representing a 10% year-over-year growth rate, projects database company Statista. Contributing over 60% to the GDP and accounting for 80% of jobs in China, the number of SMEs in the country is estimated to be over 38 million.
To Spur Entrepreneurship Among Women, Improve Ease Of Doing Business indiaspend.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaspend.com Daily Mail and Mail on Sunday newspapers.
January 27, 2021
Struggling with the Covid-19 slump, India’s female entrepreneurs are hoping for a win with this year’s budget.
Between March and June when India was under a complete lockdown, several people especially thousands of women took to entrepreneurship. This was either because these people had lost their jobs and were looking for ways to earn, or because they sensed an opportunity in the growing trend of hyperlocal demand as physical stores and restaurants remained shut. For instance, thousands of women turned home chefs, serving customers who wanted home-cooked food but lacked the culinary skills. Many others tried to make a buck from pandemic-related trends. In rural Karnataka, for instance, 200 women banded together to start producing and selling masks. Others created healthcare and ed-tech products to solve new problems birthed by the pandemic.