Over 30,000 young women and men enter the labour market each day in India, and the economy generates employment for less than half of this rapidly expanding workforce. Micro enterprises play an instrumental role in creating livelihoods, as they generate local jobs in large numbers. The growth of these enterprises in emerging economies such as ours is, however, limited owing to the lack of support services and an ecosystem that is conducive to and nurtures their development. In order to enable systems change and specifically address the issue of credit facilitation, Development Alternatives, alongside “la Caixa” Banking Foundation of Spain, has launched a social innovation programme for micro-entrepreneurship led job-creation, named Work 4 Progress (W4P).
Financial Innovation for Inclusion Read More
Udyogini, a business development service organisation, in collaboration with INTEL Foundation, introduced the concept of INTEL – Udyogini School of Entrepreneurship (I-USE), where all the business fundamentals are taught to proletariat women. This school dovetails the complex theories of business, such as plan development, branding, market identification and survey, consumer behaviour etc., through interactive methods. It has also added functional literacy and skill training to its Digital Curriculum Framework. The training aims to build women’s capacities to run the Village Level Service Centres (VLSCs) with basic functions like accounting and market linkage. Read More