IWD: Women entrepreneurs perform better than men in terms of loan repayment
A recent report has suggested that with a risk portfolio percentage as low as 2.6 per cent, women entrepreneurs performed better than men in terms of repayment.
TIE (The Indus Entrepreneurs) on Wednesday inaugurated a four-day mentoring and skill development workshop for early-stage women entrepreneurs in Lucknow.
This is part of Project AIRSWEEE 2.0(All India Roadshow on Women’s Economic Empowerment through Entrepreneurship 2.0-Scaling Women’s Entrepreneurship in India), TiE Global’s marquee program for women’s economic empowerment through entrepreneurship in Tier 2 and 3 cities in India.
Under this program, TiE Global, with support from U.S, Embassy, New Delhi and its four Consulates, is hosting 4-day workshops in five tier II and III cities –Bhubaneswar, Lucknow, Hubballi, Vadodara and Patna. Each location has invited four states to participate and a total 150 participants have been chosen from over 800 applicants.
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Each workshop city will host 30 participants. The Bhubaneswar workshop, was inaugurated here on Wednesday. Two mentors Ms. Seema Chaturvedi and Ms. Caroline Lewis have come from US for the programme.
Speaking at the inaugural session, Mr Debasish Patnaik, President of TiE Bhubaneswar said that the chapter was proud to be associated with Project AIRSWEEE and that entrepreneurship was a very effective way of empowering women.
Minister MSME Mr Prafulla Samal, assured full cooperation to women entrepreneurs while Ms. Katherine Hadda, the Consul General from Hyderabad Consulate said, “India is a country bursting with potential, particularly among entrepreneurs, but it’s largely untapped, especially with respect to women in tier II cities. The U.S. government’s objective through this program is to tap into this amazing potential of women in second tier cities, to encourage them, to support them, to help them network, to mentor them to believe in themselves, not only to launch a start-up but to reach commercial success.”
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