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.
MoU signed to encourage women entrepreneurs
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The Global Alliance for Mass Entrepreneurship (GAME) and Ubuntu, a consortium of women entrepreneurs association, have entered into a Memorandum of Understanding (MoU) to support the growth of women entrepreneurship.
Minister for Large and Medium Scale Industries Jagadish Shettar, who attended the event, said women entrepreneurs have the potential to create transformational employment and generate 150–170 million jobs. Together with the support of platforms such as GAME and Ubuntu, the government would ensure availability of infrastructure and strengthen the entrepreneurial ecosystem to help women sustain and scale their businesses, Mr. Shettar said. Owing to COVID-19, 70% of women entrepreneurs have been negatively impacted, said a release.
GAME and Ubuntu sign MoU to develop women entrepreneurship ecosystems
Ubuntu will help facilitate support by galvanising stakeholders like government departments, financial institutions and skills institutions to create a conducive environment for women entrepreneurs.
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Bengaluru-based Global Alliance for Mass Entrepreneurship (GAME) and Ubuntu, a consortium of Women Entrepreneurs Association on Tuesday signed an MoU to fuel women entrepreneurship ecosystem in India.
The twin goal of this partnership is to increase the number of women entrepreneurs and enable role models to inspire more women to pursue entrepreneurship.
Madan Padaki, co-founder of GAME, said that the MoU is a step towards enabling mass entrepreneurship.
Ludhiana: The Global Alliance for Mass Entrepreneurship (GAME) in partnership with the department of industries and commerce (government of Punjab) and Chamber of Industrial & Commercial Undertakings (CICU) launched Xcelerator programme, ‘Sadda Karobaar, Punjab di Shaan’ on Tuesday. This is a six-month business accelerator programme to support promising mass entrepreneurs (SMEs) in improving their productivity, efficiency, and profitability and scale their businesses faster.
In this programme 27 entrepreneurs in the Rs 2 crore-Rs 50 crore annual revenue category have been selected from an application pool of over 450. Under the programme, once the Ludhiana pilot project is completed, it is expected to be rolled out across other districts of Punjab.