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06/07/24 12:03 PM IST

Women Entrepreneurship Platform and TransUnion CIBIL Partner to Launch SEHER Program

In News
  • The Women Entrepreneurship Platform (WEP) and TransUnion CIBIL have launched SEHER, a credit education program designed to empower women entrepreneurs in India.
About SHER
  • SEHER, a credit education program launched by the Women Entrepreneurship Platform (WEP) and TransUnion CIBIL, will empower women entrepreneurs in India with financial literacy content and business skills, helping them to access the financial tools they need to drive further growth and create employment in the country’s economy.
About WEP
  • Women Entrepreneurship Platform (WEP), incubated in NITI Aayog in 2018 as an aggregator platform that transitioned as a public-private partnership in 2022 to build a comprehensive ecosystem supporting women entrepreneurs across India. 
  • The Women Entrepreneurship Program (WEP) is a public-private partnership platform incubated at Niti Aayog and aims to create an enabling ecosystem for women entrepreneurs in India.
  • The program is part of WEP’s Financing Women Collaborative (FWC), a first-of-its-kind initiative aimed at accelerating access to finance for women entrepreneurs.
  • WEP aims at empowering women entrepreneurs by overcoming information asymmetry and providing continuum of support across different pillars - Entrepreneurship promotion, Access to Finance; Market Linkages; Training and Skilling; Mentoring and Networking and Business Development Services.
  • For this, WEP adopts a wide array of interventions with a focus on convergence and collaboration with existing stakeholders.
MSME in India
  • According to the Udyam Registration Portal (URP) of the Ministry of Micro, Small and Medium Enterprises (MSMEs), India has 63 million micro, small, and medium enterprises of which 20.5% are women-owned, employing as many as 27 million people.
  • The Ministry also reported that rural areas have a slightly greater share of women-owned enterprises (22.24%) compared to urban areas (18.42%).
  • Estimates suggest that by accelerating women's entrepreneurship, India could create more than 30 million new women-owned enterprises, potentially creating 150 to 170 million more jobs – with women-owned businesses’ contribution to employment generated by URP-registered units at 18.73%.
About TransUnion CIBIL
  • India’s pioneer information and insights company, TransUnion CIBIL makes trust possible in the modern economy.
  • We do this by providing an actionable picture of each person so they can be reliably represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good.
  • TransUnion CIBIL provides solutions that help create economic opportunity, great experiences, and personal empowerment for millions of people in India.
  • We serve the financial sector as well as MSMEs, corporate and individual consumers. Our customers in India include banks, financial institutions, NBFCs, housing finance companies, microfinance companies and insurance firms. 
Source- PIB

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