SEHER, a credit education program has launched by the Women Entrepreneurship Platform (WEP) and TransUnion CIBIL, will empower women entrepreneurs in India with financial literacy content and business skills, helping them to access the financial tools they need to drive further growth and create employment in the country’s economy.
The Women Entrepreneurship Program (WEP) is a public-private partnership platform incubated at Niti Aayog and aims to create an enabling ecosystem for women entrepreneurs in India.
The 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.
Anna Roy, Mission Director, WEP, and Principal Economic Adviser, NITI Aayog, explained, “WEP aims to empower women entrepreneurs by overcoming information asymmetry and providing support across different pillars such as entrepreneurship promotion, access to finance, market linkages, training and skills development, mentoring and networking, and access to business development services.”
Rajesh Kumar, MD and CEO, TransUnion CIBIL added: “TransUnion CIBIL is proud to partner with the Women Entrepreneurship Platform on this unique initiative aimed at empowering women entrepreneurs across socio-economic categories, age-groups and geographic locations.”
“This program will also help support India’s USD 5 trillion economy goal as more and more women are empowered to start and grow their businesses profitably”, he added.
As women-led businesses are growing across geographies, empowering them with quick, easy and cost-effective access to finance is paramount for the sustained growth of their businesses.
With a focus on credit education, SEHER will offer women entrepreneurs access to personalized resources and tools, including financial literacy content.
WEP and TransUnion CIBIL are committed to working together in promoting financial and credit awareness by educating women entrepreneurs across the country about the importance of building a good credit history and CIBIL score to avail easier and faster access to finance.
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