Empowering Women Entrepreneurs: The SEHER Program by WEP and TransUnion CIBIL
| Aspect | Details |
|---|---|
| Program | SEHER (Credit Education Program) |
| Launched by | Women Entrepreneurship Platform (WEP) and TransUnion CIBIL |
| Objective | Empower women entrepreneurs in India through financial literacy and business skills education |
| Launch Event | Introduced by Ms. Anna Roy, Mission Director, WEP, with key stakeholders present |
| Key Stakeholders | NITI Aayog, DFS, IBA, RBI, Ministry of MSME, TransUnion CIBIL |
| Challenges Addressed | Financial awareness barriers in MSME development |
| Target | Women entrepreneurs |
| Impact Goal | Enhance financial knowledge and skills for sustained business growth |
| Current Statistics | - 63 million MSMEs in India- 20.5% women-owned- Employ 27 million people |
| Growth Potential | Over 30 million new women-owned enterprises, 150-170 million jobs |
| Loan Demand Growth | Business loans for women grew 3.9X from FY 2019 to FY 2024 |
| Live Business Loans | Women hold 38% of 1.5 crore live business loans as of March 2024 |
| WEP Establishment | Incubated in NITI Aayog in 2018, transitioned to PPP in 2022 |
| TransUnion CIBIL Role | Provides financial solutions for economic opportunities and personal empowerment |
| Financing Women Collab | Second meeting held in Mumbai to address finance access for women entrepreneurs |
| Initiatives | MoU with GroW Network, SEHER, and Shine programs to improve credit readiness and access |