Union Minister launches Special Entrepreneurship Promotion Drive for Women – “SAMARTH” on the occasion of International Women’s Day 2022

What is the News?

On the occasion of International Women’s Day 2022, the Union Minister for MSME has launched “SAMARTH”.

What is SAMARTH?

Launched by: Ministry of Micro, Small & Medium Enterprises

Purpose: It is a Special Entrepreneurship Promotion Drive for Women to provide them with an opportunity to be self-reliant and independent by undertaking self-employment opportunities.

Key features of the scheme: Under the initiative, the following benefits will be available to aspiring and existing women entrepreneurs:

– 20% of Seats in free Skill Development Programs organized under skill development schemes of the Ministry will be allocated for Women.

– 20% of MSME Business Delegations sent to domestic & international exhibitions under the schemes for Marketing Assistance implemented by the Ministry will be dedicated to women-owned MSMEs.

– 20% Discount on annual processing fee on National Small Industries Corporation’s (NSIC) Commercial Schemes such as Single Point Registration Scheme, Raw Material Assistance and Bill Discounting, Tender Marketing among others.

– Special Drive for registration of women-owned MSMEs under Udyam Registration.

Significance of the Scheme: Through this initiative, the Government is planning to train more than, 7500 women candidates from rural and sub-urban areas in FY 2022-23. Besides, women will also be getting marketing opportunities to showcase their products in domestic and international exhibitions.

Source: This post is based on the article “Union Minister launches Special Entrepreneurship Promotion Drive for Women – “SAMARTH” on the occasion of International Women’s Day 2022” published in PIB on 9th Mar 2022.