New Delhi, Oct 15 (KNN) National Rural Livelihood Mission (NRLM) and Global Alliance of Mass Entrepreneurship (GAME) have partnered to support 10 lakh nano women entrepreneurs in accessing finance for their business.

Both the parties signed a MOU to enable financial access for the growth of 10 lakh nani women entrepreneurs over 3 years. 

The pact was exchanged by Nagendra Nath Sinha, Secretary of Department of Rural Development, and Suresh Gundappa, CEO, GAME at Vigyan Bhavan in Delhi.

As per the MoU, GAME and NRLM will strengthen non-farm livelihoods by building the capacity of women entrepreneurs (WEs) to access finance and grow their enterprises, said a press release.

This will be achieved by launching schemes, digital tools, and building capacities of the NRLM and SRLM teams. 

The program will focus on capacity building of stakeholders and bankers from public sector banks, digitally-led NBFCs and small finance banks that are able and willing to lend to women entrepreneurs in order to smoothen the capital flow to this segment. 

In line with this, another key objective is to identify and train ‘VittaSakhis’ from SHGs who can help WEs. 

VittaSakhis will educate WEs on how they can apply for and benefit from government schemes/ compliances and onboard them onto digital tools for building their enterprise.

Speaking about the joint initiative, Madan Padaki, Co-Founder, GAME said, “This program has the potential to support existing women to grow their enterprises, allow more women to start their businesses and in the process create employment opportunities for their communities.”

The funding will be provided by NRLM and banks & NBFCs who will be part of this initiative.  (KNN Bureau)