NITI Aayog launched the Women Entrepreneurship Platform (WEP), on the occasion of International Women’s Day on 8 March 2018. 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.
CEO, NITI Aayog, Amitabh Kant, launched the WEP platform at NITI Aayog premises in the capital in presence of UN Resident Coordinator in IndiaYuri Afanasiev, Kailash Kher, industry leaders and supporting partners. The WEP theme song “Naari Shakti” composed and sung by Kailash Kher was released on this occasion.
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) 2017 in Hyderabad. It aims to power a vibrant entrepreneurial ecosystem through an enabling network of industry collaborations, partnerships, mentors and peer-to-peer connect. Established under the leadership of Anna Roy, Adviser (Industry) of NITI Aayog, the platform aspires to substantially increase the number of women entrepreneurs who will create and empower a dynamic New India.
These aspirations are manifest in the three pillars on which WEP is built: Ichha Shakti (motivating aspiring entrepreneurs to start their enterprise), Gyaan Shakti (providing knowledge and ecosystem support to women entrepreneurs to help them foster entrepreneurship) & Karma Shakti (providing hands-on support to entrepreneurs in setting-up and scaling up businesses).
With an informative, interactive website to act as a dedicated resource and knowledge base, WEP aims to address the bottlenecks faced by both aspiring and established women entrepreneurs by streamlining information across government and private sector schemes and initiatives. WEP is to operate within a broader framework of industry collaborations and partnerships, which cut across sectors in the economy. From providing unique services such as credit evaluation of women-led startups by CRISIL and potential equity investments through an INR 10 crore fund established by DICE Districts, the WEP opens up avenues of growth and opportunity for women entrepreneurs.
Other partner commitments include online player ShopClues, 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.
News Update| 28 June 2018| NITI Aayog’s WEP Signs SoI with Financial Institutions & Social Organisations
NITI Aayog’s Women Entrepreneurs Platform (WEP) on 27 June 2018 signed five separate Statement of Intent (SoIs) with Shri Mahila Sewa Sahakari Bank, Indiabulls Housing Finance, SREI Infrastructure Finance, Sreemanta Sankar Mission and the Self Employed Women’s Association (SEWA).
The WEP was established on the occasion of International Womens’ Day in March 2018 to substantially increase the number of women entrepreneurs who will create and empower a dynamic New India.
The WEP intends to undertake this task through its partner organizations, private as well as public organizations; by bringing their existing as well as new women specific initiatives on a single platform, which in turn will also address knowledge gaps, promote partner connects and will increase the outreach of partner programmes.
The SoIs signed with financial institutions such as the Shri Mahila Sewa Sahakari Bank, Indiabulls Housing Finance and SREI Infrastructure Finance shall be housed under the WEP-Finance vertical and will provide financial assistance to women entrepreneurs and address the finance related challenges faced by them through WEP.
WEP will partner with the Sreemanta Sankar Mission of Guwahati to empower established as well as aspiring women entrepreneurs in North East India through WEP North East Chapter and will work to popularise WEP in North East so that more women entrepreneurs in that region can avail benefits under the WEP initiative. Similarly, the SoI with the Self Employed Women’s Association (SEWA), a trade union and as an organization of poor, self-employed women workers, includes commitments to mobilise women entrepreneurs in rural areas and promote them in Livelihood Entrepreneurship.
Through its partner organizations, WEP aims to create opportunities and support women in order to help them realize their entrepreneurial aspirations, scale up innovative initiatives, and chalk out sustainable and long-term strategies for their businesses. WEP website which will be enriched with entrepreneurial initiatives and support programmes would guide you to schemes, initiatives and products relevant to your requirement.
The WEP is an initiative under the NITI Aayog which was launched on March 8, 2018 on the occasion of the International Women’s Day. The idea of the Platform was first mooted by Amitabh Kant, CEO, NITI Aayog who announced the setting-up of a Women Entrepreneurship Platform in NITI Aayog at the conclusion of the 8th Global Entrepreneurship Summit (GES) held in Hyderabad in 2017 with an overarching theme of ‘Women first, Prosperity for All’.