Wednesday, March 26, 2025

Her enterprise

New programme at academic institutions to help women start their own business

The programme will take participants through various stages, including awareness-building, skill development, mentorship, and funding support. By promoting and recognising promising women-led ventures, the initiative seeks to set a benchmark for the future of women entrepreneurship in India.

Swavalambini will recognise and reward successful women entrepreneurs emerging from the programme through the Award to Rewards Initiative, inspiring future participants. The programme will leverage workshops, seed funding, and structured mentoring to support the growth of women-led enterprises.

Minister of State for Skill Development and Entrepreneurship (MSDE) and MoS for Education Jayant Chaudhary during his address, said “The Swavalambini Women Entrepreneurship Programme is an initiative aimed at empowering young women with the skills and confidence needed to establish their own businesses. We want to move beyond programmes that enlist women as beneficiaries of the schemes, we want to move to women-led development initiatives and this is our Prime Minister Shri Narendra Modi’s conceptualisation as well. Women’s participation is crucial for India’s progress. Imagine the limitless possibilities if we break barriers and provide women with the right resources, training, and financial support, we can unlock their true potential. Women’s empowerment is not just an economic necessity but a social transformation. When a woman is empowered, she uplifts her family, her community, and the entire nation.”

Under the aegis of MSDE and implemented by the National Institute for Entrepreneurship and Small Business Development (Niesbud) and in joint partnership with NITI Ayog, Swavalambini aims to establish a structured and stage-wise entrepreneurial journey for young women. The programme will take participants through various stages, including awareness-building, skill development, mentorship, and funding support. By promoting and recognising promising women-led ventures, the initiative seeks to set a benchmark for the future of women entrepreneurship in India.

Following its successful introduction across several HEIs in the Eastern region, including IIT Bhubaneswar and Utkal University in Odisha; North-Eastern Hill University (NEHU), Shillong; Kiang Nangbah Government College, Jowai and Ri Bhoi College in Meghalaya; Mizoram University; Government Champhai College, Champhai and Lunglei Government College in Mizoram; Handique Girls’ College, Guwahati; Dispur College and Gauhati University in Assam, among others, Swavalambini is now being expanded to other regions of the country.

The event also marked the virtual launch of Swavalambini in Banaras Hindu University (BHU), University of Hyderabad, and Maulana Azad National Urdu University, thereby extending the reach of this initiative across different regions of the country.

The programme introduces a structured, multi-stage training approach to help young women transition from ideation to successful enterprise creation. It begins with an Entrepreneurship Awareness Programme (EAP), a two-day workshop designed to introduce around 600 female students to fundamental entrepreneurial concepts, market opportunities, and essential business skills. This is followed by the Women Entrepreneurship Development Programme (EDP), a 40-hour training initiative for 300 selected students. The EDP covers critical aspects of business development, finance access, market linkages, compliance, and legal support. Additionally, a six-month mentorship and handholding support system has been incorporated to help participants transform their ideas into sustainable business ventures.

To ensure long-term impact, the programme also includes a Faculty Development Programme (FDP), where faculty members from participating HEIs undergo a five-day training session. This initiative equips educators with the necessary skills to mentor and guide aspiring women entrepreneurs within their institutions. Swavalambini will recognise and reward successful women entrepreneurs emerging from the programme through the Award to Rewards Initiative, inspiring future participants. The programme will leverage workshops, seed funding, and structured mentoring to support the growth of women-led enterprises.

By advocating an ecosystem that nurtures women entrepreneurs, Swavalambini is poised to create a significant impact in North India and beyond. The initiative aspires to see at least 10% of the EDP-trained participants establish successful enterprises, contributing to the larger vision of a self-reliant, women-led entrepreneurial landscape in India. With the launch in Meerut, Varanasi and Telangana and the successful implementation in the East, the programme continues to empower women as business leaders, innovators, and change makers. Through structured training, mentorship, and policy support, Swavalambini is set to redefine the future of women entrepreneurship in the country.

WEF2025 report launched

Chaudhary, also launched a report on his participation at the World Economic Forum 2025—”Leading With Vision For Skills And Innovation.” The booklet highlights India’s transformative advancements in skill development and innovation, reinforcing the nation’s commitment to equipping its workforce with future-ready capabilities. The report outlines key insights shared across roundtables and panel discussions held at WEF2025 on emerging job trends, industry collaborations, and India’s role in shaping the global skilling agenda.

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