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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.

Related News

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.

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.

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.

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.

Centre Committed towards small biz: FM Nirmala Sitharaman in Ladakh

Economic Times

Economic Times · 2m ago

Centre Committed towards small biz: FM Nirmala Sitharaman in Ladakh

Finance Minister Nirmala Sitharaman emphasized the Indian government’s commitment to supporting small businesses during a visit to Ladakh. Speaking at a credit outreach program, she highlighted financial inclusion efforts and the integration of Ladakh’s cultural identity into development plans. Loans exceeding ₹5.13 crore were disbursed under schemes like MUDRA and Stand-Up India, benefiting micro-entrepreneurs. Sitharaman noted significant loan activity and the expansion of financial infrastructure in the region, underscoring the importance of financial growth and cultural heritage.

Finance Minister Nirmala Sitharaman inaugurates developmental projects in Ladakh

Economic Times

Economic Times · 2m ago

Finance Minister Nirmala Sitharaman inaugurates developmental projects in Ladakh

Finance Minister Nirmala Sitharaman inaugurated several development projects in Ladakh, emphasizing the Indian government's commitment to inclusive growth and infrastructure development in the Union Territory. During her visit, she interacted with local officials, addressed attendees at a Credit Outreach Programme, and oversaw loans worth Rs 5.13 crore distributed to beneficiaries under various schemes. Sitharaman also engaged with local artisans and entrepreneurs, acknowledging their role in preserving cultural heritage and boosting rural livelihoods.

Modi government committed to giving greater emphasis to small entrepreneurs: Nirmala Sitharaman

Economic Times

Economic Times · 2m ago

Modi government committed to giving greater emphasis to small entrepreneurs: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman emphasized the Modi government's focus on supporting small entrepreneurs through financial inclusion and last-mile credit delivery. At a credit outreach event, loans totaling over Rs 5 crore were distributed under schemes like MUDRA and PMEGP. Significant loan sanctions were in Ladakh, highlighting growth in local financial infrastructure. Sitharaman also underscored initiatives for the region's cultural promotion, infrastructure, and renewable energy development, alongside improved educational access and support for local traditions.

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.

Speciale Invest’s Vishesh Rajaram On How Centre’s INR 1K Cr Fund Will Boost The Spacetech Economy

Inc42 · 1y ago

Speciale Invest’s Vishesh Rajaram On How Centre’s INR 1K Cr Fund Will Boost The Spacetech Economy

The Indian government has announced the creation of a INR 1,000 Cr ($135 million) venture capital fund to support the country's spacetech sector. The fund aims to attract more capital and boost the growth of the nascent industry. In her Budget 2024-25 speech, finance minister Nirmala Sitharaman expressed the government's commitment to developing the space economy and expects it to expand five-fold within the next decade. The focus of the fund will be on supporting Indian entrepreneurs in the spacetech sector who are building solutions for the global market.

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.

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