UNDP Ties Up With DAY To Help Out Women Entrepreneurs

The United Nations Development Programme (UNDP) and the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) have entered into a partnership aimed at empowering women to make well-informed career choices in the field of entrepreneurship.

The partnership will provide support for women looking to start and expanding their own enterprises, particularly in sectors such as care economy, digital economy, electric mobility, waste management, food packaging and more. Focused on fostering entrepreneurship development and accelerating enterprise growth, the three-year project, extendable beyond 2025, will cover eight cities in the initial phase.

Speaking at the signing program yesterday, Union Joint Secretary Rahul Kapoor, who is also the Director of DAY-NULM, said, "The Mission has a very important objective of empowering urban communities. We are hopeful that through this partnership with UNDP, we will be able to make our interventions more effective and impactful under the Mission."

In her speech, Shoko Noda, Resident Representative, UNDP India, said, "Women entrepreneurship is a proven strategy for poverty alleviation, financial independence and reshaping gender norms. Today, women account for only 15 per cent of the total entrepreneurs in India."

"By increasing this number, we not only empower women, but also accelerate economic growth of the country and ensure a happy and healthy society. UNDP and DAY-NULM are coming together to build this inclusive entrepreneurship ecosystem," she added.

Leveraging its experience in linking over 2 lakh women to better employment opportunities, UNDP will offer national-level capacity building support to DAY-NULM. This support will focus on knowledge generation and management, such as compiling compendiums of best practices related to urban poverty, to enhance the implementation of national-level schemes.

Drawing on their extensive sectoral expertise, UNDP and DAY-NULM will collaborate on piloting innovative solutions, particularly in the care economy domain. UNDP and DAY-NULM will jointly engage in on-ground mobilization activities that involve identifying pockets of urban poverty and potential entrepreneurs, as well as facilitating access to Business Development Services.

Handholding support will be provided to the cohort to formalize their businesses, establish bank linkages, secure access to finance and markets. UNDP will also contribute to the initiative by developing community business mentors, called "Biz-Sakhis", in selected project locations. These mentors can support new and existing enterprises, and serve as a resource for DAY at a later stage.

The DAY-NULM has an aim to uplift the urban poor by enhancing sustainable livelihood opportunities through skill development. The scheme extends its coverage to all the 4,041 statutory cities and towns, thereby covering most of India's urban population. Through its outreach efforts, the Mission has mobilized more than 8.4 million urban poor women across India, forming over 8.31 lakh self-help groups (SHGs) in over 4,000 towns.

Their impressive grassroots initiatives facilitate economic empowerment and amplifies the voices of marginalized sections of the urban population, including SCs/STs, minorities, female-headed households, street vendors and rag pickers.