Rapid Fire
SEHER Program
- 10 Jul 2024
- 2 min read
Recently, the Women Entrepreneurship Platform (WEP) and TransUnion CIBIL launched the SEHER program to empower women entrepreneurs in India.
- It aims to increase awareness among women entrepreneurs about finances, accessing and managing credit by providing personalised resources and tools.
- India has the potential to create more than 30 million new women-owned enterprises and 150-170 million more jobs by accelerating women's entrepreneurship.
- Women in Business in India:
- India has 63 million Micro, Small, and Medium Enterprises (MSMEs), with around 20% owned by women, employing 27 million people.
- The demand for business loans by women has grown 3.9 times in the last 5 years (FY 2019 - FY 2024).
- The share of women borrowers holding a business loan increased by 10% between FY 2019 and FY 2024.
- Rural areas have a slightly higher share of women-owned enterprises (22.24%) compared to urban areas (18.42%).
- WEP was launched in 2018 by NITI Aayog and transitioned into a Public-Private Partnership (PPP) in 2022 with the goal of supporting women entrepreneurs in India.
- TransUnion CIBIL is India's leading credit information company with one of the largest collections of consumer information.
Read More: India’s MSME Sector, UNDP and DAY-NULM for Women Entrepreneurs
