CURRENT AFFAIRS

Detailed explanation-1: -Ministry of MSME, which recently held its first Conclave on Empowering Women Entrepreneurs of marginalised Sections’ received colossal applications – has emerged as the premier institution responding to the phenomenon of female entrepreneurship.

Detailed explanation-2: -UPSC Mains Q. What is the objective of ‘SAMARTH’ initiative launched by the MSME Ministry? Notes: The Union MSME Ministry recently launched SAMARTH - a special entrepreneurship promotion drive for women.

Detailed explanation-3: -Mudra Yojana is a scheme that might benefit women seeking to start or expand their small business. Though this is not a scheme designed exclusively for women, it is highly beneficial. Women entrepreneurs can apply for a loan ranging between ₹50000 to ₹10 lakh.

Detailed explanation-4: -Federation of Indian Women Entrepreneurs (FIWE): This was founded in the year 1993 on the eve of 4th International Conference of Women Entrepreneurs held at Hyderabad.

Detailed explanation-5: -Stree Shakti Yojana The Stree Shakti package is a unique government scheme for women that supports entrepreneurship by providing certain concessions. This Stree Shakti scheme is eligible for women who have the majority of ownership in the business.