Women entrepreneurship is closely entangled with instrumental societal and economic benefits. Notwithstanding the fact that women constitute almost half of the populaces in india, their involvement in entrepreneurial activities remains severely limited. Entrepreneurship is an area of research that has been of immense interest to researchers, academicians and policy makers. It's very inspirational platform for the women's expansion not only financially but all over. It is very encouraging for beginners. It will help them in networking with customers and propagating products. No doubt NITI Aayog is doing incredible job through various projects. This platform is another such wonderful initiatives taken by the NITI AAYOG. India needs more of such platforms to speed up the progress.
Benefits under the scheme
It will help the women entrepreneur for setting up businesses by providing them information, access and opportunity. It will upsurge the brightness of women entrepreneurs and build the capability after overcoming the institutional challenges face during opening the businesses. The scheme has been initiated with the idea that “Women entrepreneurship will expand the business and there will be prosperity for all”. The objectives that will be achieved through this scheme are promotion of women entrepreneurship in the country by empowering them through financial aid and mentoring. Through these ideas, the platform is expected to bring more women into the business fold, which would help to bring more job opportunities and a safe environment. WEP will encourage entrepreneurs to share their business journey, stories & experiences to increase and develop more entrepreneurs. WEP platform, as a driver of revolution, will also encourage offline initiatives and outreach programs to promote women entrepreneurs among potential women entrepreneurs, in joint with organizations. Similarly, WEP offers incubation and acceleration backing to women created, founded or co-founded startups through its sources who handhold women in entrepreneurs registered with this organization and provide them required sustenance to assist them in starting and expanding their business. Eligibility for the registration under this scheme is businesswoman who is at ideation stage, has just started off with their startups or is a well-known startup can register under the scheme to take all the assistance or benefits of the scheme. All other non-individuals, companies, research organizations, incubator, accelerator, etc. who can provide support in any form to these women.
This scheme works on the basis of the following proposition:
To motivate ambitious entrepreneurs in pursuing their own businesses.
Gyaan Shakti To provide knowledge and ecological support to women entrepreneurs so as to assist them in encourage their businesses.
Karma Shakti To support women entrepreneurs in the establishment and constituting of their businesses.