Ample help being given to women entrepreneurs: DIPP Secy.

ANI | Updated: Nov 30, 2017 18:41 IST

Hyderabad (Andhra Pradesh) [India], Nov. 30 (ANI): Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek on Thursday said the government is providing ample help to women entrepreneurs through its initiatives like Stand - Up India program and MUDRA loan.

The 'Stand up India' scheme is a government efforts to support entrepreneurship among women and SC & ST communities. The scheme offers bank loans of between 10 lakh and 1 crore for the setting up new enterprises outside.

Micro Units Development and Refinance Agency Bank (or MUDRA Bank) is a public sector financial institution, that provides loans at low rates to micro-finance institutions and non-banking financial institutions which then provide credit to MSMEs.

"Women entrepreneurs are getting help through the Stand - Up India program. Even in the Mudra loan, a majority of the beneficiaries are women. So they are getting complete support from the government," Abhishek told reporters here.

Talking about the benefit of the Global Entrepreneurship Summit (GES), the DIPP Secretary said it provides a platform to young entrepreneurs to get investors and improve their networking which is important for a flourishing business.

He further discussed about the importance of seed funding and said Ease of Doing Business plays a major role in getting the initial budget for any business.

"The state government is working so much towards Ease of Doing Business. Last year, the output was good. This year it is expected to grow further. We are trying to ensure that nobody needs to meet any other person for the same," he said.

The three-day GES was hosted for the first time in South Asia by India and the United States.

With the theme of "Women First, Prosperity for All," the summit witnessed a majority of women participants. Over ten countries were represented by all-women delegations. (ANI)