The Global Alliance for Mass Entrepreneurship (GAME) has signed an MoU with Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY – NRLM) to enable financial access for the growth of one million women entrepreneurs over three years. The MoU was exchanged by Shri Nagendra Nath Sinha, Secretary of the Department of Rural Development, Government of India and Suresh Gundappa, CEO, GAME recently.
The MoU aims to address the core problem of ensuring adequate funds are available to women entrepreneurs in self-help groups (SHGs). Currently, even when funds are available, an efficient delivery mechanism to ensure it reaches the last mile is lacking. By providing the right support and tools to financial institutions, building the capacity of stakeholders, and implementing the right processes, there is a potential to disburse Rs.1,300 crore worth of loans to women entrepreneurs from SHGs.
The MoU will help unlock the potential of women’s entrepreneurship at a rapid scale and is a definitive step toward GAME’s mission of enabling 30 million women to start, scale, and sustain their entrepreneurial journey by 2030. GAME, a Bengaluru-based NGO, is working towards creating a thriving environment for mass entrepreneurship in India for creating large-scale job opportunities especially for rural youth. It’s ambitious mission is to help fund and nurture 10 million entrepreneurs, 50% women, so that they could further create 50 million jobs by 2030.