UBUNTU submits recommendations to Karnataka CM Bommai for promotion of women entrepreneurs

Bengaluru, Feb 28 (KNN) Right ahead of the state budget 2022-23, UBUNTU, a pan-India consortium of women entrepreneurs has submitted a slew of recommendations to Chief Minister of Karnataka Basavaraj Bommai for promotion of women entrepreneurship in the State.

Former Chief Secretary K Ratnaprabha and President UBUNTU requested to restore the schemes specifically related to women Entrepreneurs in the 2014-19 Industrial policy, as the recently launched Industrial Policy 2020-25 does not have any prominence and scope for Women Entrepreneurship Development.

Hence, Ubuntu Consortium will be glad to facilitate in framing the women centric Industrial policy, Ratnaprabha said.

She highlighted about the cost of land being prohibitive for women entrepreneurs and how there is a need for allotment of land in the industrial estates and parks with 50 pc subsidised cost for women entrepreneurs.

“This would help boost the investment in Karnataka, just as is being done for SC/ST in Karnataka and in neighbouring states like Telangana, Andhra Pradesh, and Gujarat,” she added.

The Department of Industries and Commerce (DIC) is providing Rs 5 crore loan for general entrepreneurs, under subsidised interest rates, hence there should be a special scheme for women entrepreneurs as well, they urged.

“We also request for a support with interest free soft loan of 20 pc for women entrepreneurs as seed money for new and expansion projects (which were prevalent in the 90's),” Ratnaprabha said.

She also requested the CM for an increased budget provisions for participation in more national and international events as a larger participation of women entrepreneurs will motivate the growth and exports. (KNN Bureau)