1.
Current Context : Recently, Women Entrepreneurship Platform (WEP) and TransUnion CIBIL has launched SEHER Program.
- WEP is a public-private partnership platform incubated at NITI Aayog aiming at empowering women entrepreneurs across India.
ABOUT SEHER PROGRAM
- It is a credit education program will empower women entrepreneurs to access financial tools for business growth with financial literacy content and business skills.
- It will increase awareness among women entrepreneurs in India about finances and accessing and managing credit.
- Program is part of WEP’s Financing Women Collaborative (FWC), a first-of-its-kind initiative aimed at accelerating access to finance for women entrepreneurs.
- Presently, only 7% of overall outstanding loans to MSMEs are to women-led businesses, signifying the need for improving credit access to women entrepreneurs.