CURRENT AFFAIRS

Detailed explanation-1: -The Telangana government has launched India’s first state-led incubator for women entrepreneurs , called as Women Entrepreneurship Hub (WE-Hub), in Hyderabad on the occasion of International Women’s Day (IWD-2018).

Detailed explanation-2: -Identifying the need for an exclusive platform to support and guide Women Entrepreneurs in their start-up story, the Government of Telangana announced during the GES, WE Hub. WE Hub is a start-up incubator exclusively for women entrepreneurs.

Detailed explanation-3: -As per recent figures, women comprise 14 per cent of the total entrepreneurs in India, which works out to 8 million. Also, 10 per cent of all formal enterprises are owned by women.

Detailed explanation-4: -Many popular companies like Rivigo, OfBusiness, Hasura, Mobikwik, Mamaearth, Nykaa, Zenoti and others have at least one female founder, says a May 2022 report of Inc42. The report also shines a light on the fact that the e-commerce sector has at least 43% representation of women on the seats of founders.