CURRENT AFFAIRS

Detailed explanation-1: -The scheme was implemented in 10 States and 2 Union Territories, namely, Assam, Bihar, Delhi, Kerala, Meghalaya, Maharashtra, Puducherry, Tamil Nadu, Telangana, Uttarakhand, Uttar Pradesh, and West Bengal.

Detailed explanation-2: -While several states are making consistent efforts to advocate women’s entrepreneurship, Tamil Nadu leads the race for several reasons. As per the Annual Survey of Industries (2017-18), the state has the highest number of working women in India.

Detailed explanation-3: -Role of Women in India’s Economy In India 20.37% of women are MSME owners which account for 23.3% of the labour force. They are considered to be the backbone of the economy. According to McKinsey Global, India can potentially add US$ 700 billion to global GDP by increasing women’s participation in the labour force.

Detailed explanation-4: -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.