We-Hub for Women Entrepreneurs: Telangana government has taken a great initiative to introduce We-Hub for Women Entrepreneurs. After T-Hub, which is the place for startups, We-Hub is creating the tremors in the state. IT and Industries Minister KT Rama Rao along with NITI Aayog CEO Amitabh Kant addressed the media after conclusion of the Global Entrepreneurship Summit-2017 on Thursday.
“After successful completion of Good and Services Tax (GST), we decided to roll out three initiatives for women entrepreneurs. We will create a `15 crore fund for them. We will set up We-Hub on the lines of T-Hub,” said IT minister K T Rama Rao. The focus on entrepreneurship and women startups in particular is not without reason. There are three initiatives that were introduced which includes We-Hub.
We-Hub for Women Entrepreneurs Launched by T-Government:
KTR informed that a Rs 15 crore fund is being planned for them and We-Hub will be set up on the lines of T-Hub. He added that the government will change the procurement policy to enable the procurement of one fourth of the mandated 20 percent purchases from SME (small amd medium-sized enterprises) sector. Amitabh Kant added that the We-Hub would be extended all the support required from the NITI Aayog.
Addressing Media, KTR said, THub was a public-private partnership between the government of Telangana, three of India’s premier academic institutes (the International Institute of Information Technology- Hyderabad, Indian School of Business and the National Academy of Legal Studies and Research) and private sector leaders. The next wave of growth should come from startups.
Further adding, KTR told, Currently, 20 per cent of the government procurement comes from the private sector including MSMEs. We hope, at least, one-fourth of the mandated 20 per cent purchases come from women entrepreneurs. IT minister KT Rama Rao is scheduled to visit the US on February 12 to deliver a lecture at the Harvard University.