This Women’s Day, the government gets 3K women entrepreneurs MSMEs on GeM
15 self-help groups will be supported by online loans
The government plans to hire 6 Cr women to sell on the GeM platform
Prime Minister Modi decided to let ‘inspiring’ woman take over her social media account for Women’s Day
As International Women’s Day approaches, the Indian government has launched a new initiative to help 3,000 women micro, small and medium-sized enterprises (MSMEs) entrepreneurs sell state-run e-commerce portal government electronic marketplace (GeM).
For this, the government also decided to endow 15 self-help groups (SHG) with the government’s public finance management system (PFMS) to ensure easy payments for sales. In addition to this, an online application system to help women’s self-help groups obtain bank loans will also be set up.
A senior government official Told AND that they try to ensure better access to bank loans for self-help groups. Once the app is launched, women entrepreneurs will be able to apply for loans using the app or an online system.
The system has already been integrated with the banking infrastructure so that banks have access to the contact details of applicants. Once the loan is approved, women entrepreneurs will be notified via an SMS alert. Entrepreneurs will only be required to visit the bank after the loan has been approved. Banks will be able to track repayments through this system.
This Saturday, the government will also begin showcasing the products created by 3K Women Entrepreneurs on GeM’s website on March 7, 2020. This would include file covers, envelopes, paintings, wall hangings, coarse grains, millets, jowar, fabric, jute. bags, honey and more. Ultimately, the government will expand these services to 58.50 Lakh self-help groups across the country, which include 6 Cr women entrepreneurs in rural India.
The center has already written to state governments and appointed an agent as the GeM coordinator, who will help women entrepreneurs register online. The government has also taken steps to facilitate registration at village common service centers.
E-commerce logistics start-up Shiprocket, in a study of around 1,900 online sellers, found that outside of major markets such as Amazon and Flipkart, female sellers mostly came from micro-sales on online shopping sites. social commerce make up a quarter of all online retail sales.
The initiative of the Center for Women Entrepreneurs, the same week Prime Minister Narendra Modi announced that he give up their nicknames on social networks – Twitter, Facebook, Instagram and YouTube – March 8, 2020.
A day later, Prime Minister Modi invited “inspiring women” to take charge of his social networks and share their stories with the rest of the world. PM Modi also asked users to nominate women using #SheInspiresMe.
On Women’s Day, I will give my social media accounts to women whose lives and work inspire us. This will help them ignite the motivation of millions of people.
– Narendra Modi (@narendramodi) March 3, 2020