The principal financial institution engaged in the promotion, financing and development of MSMEs, Small Industries Development Bank of India (SIDBI) have come along with Confederation of Women Entrepreneurs of India (COWE) have launched the Swavalamba Sashakt - Mega Campaign. This mega campaign is a 20 webinar series to give a fillip to Stand Up India scheme.
Under the scheme, the bank will provide loans between Rs.10 lakh to Rs. 1 crore to at least one Schedule Caste (SC) or Scheduled Tribe (ST) borrower and at least one women borrower per bank branch for setting up a Greenfield enterprise in manufacturing, services or the trading sector.
V Satya Venkata Rao, Deputy Managing Director of SIDBI said, “Swavalamban Sashakt envisages to ignite the spark for business leadership in the targeted aspirant women entrepreneurs to start their entrepreneurial journey to become Swavalambi - The Job Creator as against Job Seeker. The thrust of SIDBI has always been to strengthen the MSME ecosystem. Government of India has further announced relaxations in the scheme on count of lower promoter contribution and adding agri-allied activities.''
''This is an inclusive and highly impact oriented step towards AtmaNirbhar Bharat and promoting local entrepreneurship. We are hopeful that more and more rural and unserved segments shall be on board,” he added.
According to a release, the webinar series will be held every Wednesdays at 3 PM.
