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More women running startups, on company boards: Nirmala Sitharaman

Economic Times

Economic Times · 1y ago

More women running startups, on company boards: Nirmala Sitharaman

Women in India are increasingly taking up leadership positions in startups and company boards, according to finance minister Nirmala Sitharaman. She stated that the percentage of women on boards has increased from 13.8% in 2018 to 18.3% currently. The government has implemented women-centric policies, such as allocating 80% of funds under the Stand Up India Scheme to women and earmarking 10% of Sidbi's fund of funds for women-led startups. Swiggy, a food delivery platform, has also launched the 'She the Change' initiative to celebrate women entrepreneurship.

Related News

Nirmala Sitharaman Backs Women Entrepreneurs, Says More Of Them Reaching Company Boards

Inc42 · 1y ago

Nirmala Sitharaman Backs Women Entrepreneurs, Says More Of Them Reaching Company Boards

Finance Minister Nirmala Sitharaman has stated that women in India are not only running startups but also occupying more positions on company boards. The representation of women on company boards has increased from 13.8% in 2018 to 18.3% today. Sitharaman also highlighted that 80% of funds under the Stand Up India Scheme have been directed towards women, and 70% of the loans sanctioned under the PM Mudra Scheme have been allocated to women. Additionally, Swiggy, the food delivery platform, has launched an initiative called 'She the Change' to recognize and support women's entrepreneurship in the food industry.

What are the key Budget announcements for startups?

Inshorts · 6m ago

What are the key Budget announcements for startups?

Finance Minister Nirmala Sitharaman said the government will set up a new fund of funds worth ₹10,000 crore for startups. The credit guarantee cover for startups has also been increased from ₹10 crore to ₹20 crore. Additionally, the benefit provided under Section 80-IAC to startups has been extended for five more years.

FM announces ₹2-cr loan scheme for first-time women, SC & ST entrepreneurs

Inshorts · 6m ago

FM announces ₹2-cr loan scheme for first-time women, SC & ST entrepreneurs

Presenting Budget 2025-26, Finance Minister Nirmala Sitharaman said the government will launch a new scheme for five lakh women, SC & ST first-time entrepreneurs. Under the scheme, the government will provide term loans of up to ₹2 crore to them during the next five years. Sitharaman said the scheme would provide them with financial resources to pursue their business ideas.

Women at the heart of India’s growth story: FM Nirmala Sitharaman

YourStory

YourStory · 2m ago

Women at the heart of India’s growth story: FM Nirmala Sitharaman

Indian women have significantly contributed to India’s growth, as highlighted by Finance Minister Nirmala Sitharaman during the "11 Years of Sashakt Nari" event. Women hold 55.7% of Pradhan Mantri Jan Dhan Yojana accounts and 68% of MUDRA loan beneficiaries. Female entrepreneurs dominate the StartUp India scheme, and women account for most Pradhan Mantri Awas Yojana (Gramin) home owners. The government's Ujjwala Yojana and Jan Dhan Yojana initiatives further empower women economically, socially, and health-wise.

Still afloat: The anti-DEI wave hasn’t swept women CEOs aside

Livemint

Livemint · 2m ago

Still afloat: The anti-DEI wave hasn’t swept women CEOs aside

Despite political resistance to diversity, equity, and inclusion (DEI) policies in the U.S., the number of women CEOs has grown. Diverse corporate boards are more likely to appoint women to top roles. However, progress is slow, and attacks on DEI initiatives pose a challenge to advancing women's presence in the boardroom and executive positions. The decline in appointing women to boards over the past two years suggests delays in achieving gender parity in leadership.

Here Are The Key Principles That Women Entrepreneurs Follow

Inc42 · 1y ago

Here Are The Key Principles That Women Entrepreneurs Follow

Fortune 500 companies with more women on their boards experienced significantly stronger financial performance. Research by McKinsey & Company shows that companies with more women in leadership tend to have a 21% higher chance of achieving above-average profitability. Catalyst's study also found that these companies had a 66% higher return on invested capital and a 53% higher return on equity. Women leaders bring valuable contributions to business success, and their unique strengths, such as empathy and collaboration, create positive work environments that drive innovation and productivity. Empowering women in business benefits everyone and leads to a more diverse and successful business ecosystem.

FM Nirmala Sitharaman Bats For Regulatory Support For Fintechs, Says ‘Compliances Have To Be Simplified’

Inc42 · 1y ago

FM Nirmala Sitharaman Bats For Regulatory Support For Fintechs, Says ‘Compliances Have To Be Simplified’

Indian Finance Minister Nirmala Sitharaman has assured fintech startups of the government's support and assistance, saying that the problems faced by a few startups should not be seen as a sectoral issue. Sitharaman highlighted the need to simplify compliances and make them more user-friendly. She also emphasised that fintech startups are crucial for innovation and reiterated the government's commitment to supporting the sector. The comments were made during a meeting with fintech entrepreneurs, where concerns were raised regarding regulatory support and clarifications. Despite challenges, the Indian fintech sector has seen significant funding, with over $28 billion raised by 726 startups between 2014 and 2023.

Interim Budget extends tax benefits for startups, sovereign wealth funds, GIFT IFSC units

Money Control

Money Control · 1y ago

Interim Budget extends tax benefits for startups, sovereign wealth funds, GIFT IFSC units

Finance Minister Nirmala Sitharaman has announced an extension of tax benefits for startups, sovereign wealth funds, and businesses in the International Financial Services Centre in GIFT City until March 2025. Startups eligible for tax benefits will continue to receive a 100% tax rebate on profits for the first three years of operation, within a total period of ten years, as long as annual turnover does not exceed Rs 25 crore. Sitharaman also mentioned the establishment of a Rs 1 lakh crore corpus for low-interest loans to encourage research and innovation in sunrise sectors.

Budget 2024-25: FM Nirmala Sitharaman Abolishes Angel Tax

Inc42 · 1y ago

Budget 2024-25: FM Nirmala Sitharaman Abolishes Angel Tax

The Indian government has announced the abolition of the angel tax, providing relief to the startup ecosystem and investors. In a budget speech, Union finance minister Nirmala Sitharaman stated that the move aims to support innovation, boost the entrepreneurial spirit, and strengthen the Indian startup ecosystem. The decision to scrap the angel tax is expected to provide a favorable environment for startups and encourage more investments in the country.

FM urges fintechs to tackle digital arrests, deepfakes, and cyber fraud

YourStory

YourStory · 2m ago

FM urges fintechs to tackle digital arrests, deepfakes, and cyber fraud

Finance Minister Nirmala Sitharaman urged fintech startups to address digital arrests, deepfakes, and cyber fraud at the Digital Payments Awards 2025. She emphasized the sector's role in accelerating financial inclusion and urged fintechs to develop solutions for emerging challenges. Sitharaman highlighted India's fintech potential as global public goods and encouraged exporting successful models. She noted India's real-time digital transaction prominence and the significance of combining digital and physical customer service for trust-building.

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