This Women’s Day, Govt Gets 3K MSME Women Entrepreneurs On GeM

This Women’s Day, Govt Gets 3K MSME Women Entrepreneurs On GeM

SUMMARY

15 self-help groups will be supported through online loans

The government plans to get 6 Cr women on board to sell on GeM platform

PM Modi has decided to let an "inspiring" woman take over his social media account for Women's Day

As International Women’s Day is just around the corner, the Indian government has now rolled out a new initiative to help 3000 women entrepreneurs from micro, small and medium enterprises (MSME) sell on state-run ecommerce portal government e-marketplace (GeM).

For this, the government has also decided to empower 15 self-help groups (SHG) with the government’s public finance management system (PFMS) to ensure easy payments for the sales. Besides this, an online application system to help women’s self-help groups in getting bank loans will also be implemented.

A senior government official told ET that they are trying to ensure improved access to bank loans for the self-help groups. Once the app is launched, women entrepreneurs will be able to apply for loans using the app or an online system.

The system has already been integrated with banking infrastructure so that banks have access to the applicants’ details. Once the loan is approved, the women entrepreneurs will be notified through an SMS Alert. The entrepreneurs will only be required to visit the bank once the loan has been approved. The banks will be able to monitor repayments through this system.

This Saturday, the government will also start showcasing the products created by the 3K women entrepreneurs on the GeM website on March 7, 2020. This would include file covers, envelopes, paintings, wall hangings, coarse grains, millets, jowar, cloth, jute bags, honey and more. Eventually, the government will be extending these services to 58.50 Lakh self-help groups across the country, which comprise of 6 Cr women entrepreneurs in rural India.

The centre has already written to state governments and designated one officer as a GeM coordinator as well, who will help women entrepreneurs register online. The government has also taken steps to facilitate registration at common service centres in villages.

Ecommerce logistics startup Shiprocket, in a study of about 1900 online sellers found out that outside the top marketplaces such as Amazon and Flipkart, women sellers largely from micro sales on social commerce sites account for one-fourth of the overall online retails.

The centre’s initiative for women entrepreneurs, the same week Prime Minister Narendra Modi announced that he will be giving up on his social media handles — Twitter, Facebook, Instagram and YouTube — on March 8, 2020.

PM Modi To Quit Social Media On Sunday, Or Is It Just For Women's Day?

A day later, PM Modi invited “inspiring women” to take over his social media handles and share their stories with the rest of the world. PM Modi also asked the users to nominate women using #SheInspiresMe.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

You have reached your limit of free stories
This Diwali, Get Up To 74% Off On Inc42 Plus

Become A Startup Insider With Inc42 Plus

Inc42 Plus Diwali Offer Ends In
countdownmail.com
2 YEAR PLAN
₹19999
₹6499
₹270/Month
UNLOCK 68% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹3499
₹291/Month
UNLOCK 65% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

This Women’s Day, Govt Gets 3K MSME Women Entrepreneurs On GeM-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

This Women’s Day, Govt Gets 3K MSME Women Entrepreneurs On GeM-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

This Women’s Day, Govt Gets 3K MSME Women Entrepreneurs On GeM-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

This Women’s Day, Govt Gets 3K MSME Women Entrepreneurs On GeM-Inc42 Media
This Women’s Day, Govt Gets 3K MSME Women Entrepreneurs On GeM-Inc42 Media
You’re in Good company