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NSDC and Self-Employed Women's Association (SEWA) collaborate to train 1.37 lakh women workers
MoU between NSDC and Shri Mahila Sewa Sahakari Bank Limited signed for financial assistance
January 15, 2015; New Delhi: In a major move to empower women working in the informal sector, National Skill Development Corporation (NSDC) today signed a Memorandum of Understanding (MoU) with Shri Mahila Sewa Sahakari Bank Limited, to support the latter’s project 'Kaushalaya', which bears the twin objectives of
I. Providing skills training to 1.37 lakh informal economy women workers in 8 priority sectors, over the next decade, in Gujarat
II. Creating access to finance for more than 96,000 informal economy women workers in Gujarat to procure skills and invest in livelihood
NSDC has agreed to provide ₹ 31,80,00,000/- (Rupees Thirty One Crores and Eighty Lakhs only) as loan and ₹ 7,96,00,000/- (Rupees Seven Crores and Ninety Six Lakhs only) as grant for this project.
SEWA runs on a training-cum-loan-cum-employment model, where informal economy women members will first opt for the skills training, after which they can avail loan from one of the project partners, which will then be invested in their livelihoods thus helping them to supplement their income. The trainings will be provided in the following 8 sectors:
1. Building and Construction2. Handlooms and Handicrafts3. Food Processing4. Agriculture and related trades5. Salt Making6. Financial Management and Business Counselling7. Housekeeping8. Paper products manufacturing
There are 8 project partners involved in this project, namely -
1. Shri Mahila Sewa Sahakari Bank Limited (SEWA Bank)2. Kutchh Craft Association3. Shree Rachaita Bandhkam Mahila Sewa Sahakari Mandli Limited (Rachaita Cooperative)4. Kheda Jilla Swashrayai Mahila SEWA Bachat Mandal (Kheda District Association)5. Surendranagar Mahila and Bal Vikas Mandal (Surendranagar District Association)6. Shree Surat Mahila SEWA Nagrik Dhiran Sahakari Mandali Limited (Surat District Association)
7. Shree Swashari Mahila Nagrik Dhiran SEWA Sahakari Mandali Limited (Vadodara District Association)
8. Sukhi Mahila Sewa Mandal (Sukhi District Association)
Dilip Chenoy, MD & CEO, National Skill Development Corporation said “NSDC and SEWA’s collaboration is a big move to encourage more women to become entrepreneurs and add to their family income, earn their livelihood and make them independent. We are happy to extend our support on this project and contribute to the skill landscape of the country.”
Renana Jhabvala, Director- Shri Mahila Sewa Sahakari Bank Limited, said “The importance of skills in the informal sector is as significant as it is in the formal sector. More than 50 percent of our population is in self-employment and unfortunately most of them are in the lower strata of society. This MoU emphasises on the importance of skill in self-employment and how skill training within this section of society can contribute to higher income of the individual and increased entrepreneurial opportunities.”
SEWA for the last 40 years has been working on empowering the women for self-employment and we have found that women have true entrepreneurial capabilities. In this attempt, we have tied up with NSDC to create a new model of self -employment and we are certain this collaboration will benefit many.”
The 8 project partners are sister organisations of SEWA and SEWA Bank will be the Lead Member for this project. All these organisations have been working with informal economy women workers since the year 1974. Their main role is livelihood enhancement through livelihood finance, trainings and market linkages. All these organizations have their offices where the project will be implemented.
About NSDC
National Skill Development Corporation (NSDC) is a unique Public Private Partnership (PPP), with 51 per cent equity held by private sector and the balance 49 per cent by the Union Government. Formed in 2010, NSDC is a professionally run not-for-profit company that includes 31 Sector Skill Councils and over 160 training partners with over 2500+ training centres spread across 400+ districts in the country. NSDC is mandated to skill 150 million Indians by 2022.
For more information on NSDC kindly visit our website, and Facebook page:
www.nsdcindia.orghttps://www.facebook.com/NSDCIndiaOfficialwww.twitter.com/NSDCIndia
About Shrimahila Sewa Sahkari Bank Limited
Sewa Bank exists to reach to maximum number of poor women workers engaged in the unorganized sector and provide them suitable financial services for socio-economic empowerment and self-development, through their own management and ownership.
Based on its ideology and long experience of working to mainstream poor women workers in the informal sector, SEWA Bank's approach to banking has been to consider the life cycle needs of women and to then try to meet those needs.
In studying the lifetime needs of poor women workers, SEWA Bank’s experience has been that they are mostly trapped in the vicious cycle of poverty and the main objective is to help women get out of this spiralling poverty syndrome.
For media queries please get in touch with –
Garima Misra/ Vikram Mahajan +91-9910106993 /+91 [email protected]/ [email protected]
