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WEP and TransUnion CIBIL have launched SEHER, a credit education program to enhance financial literacy among women entrepreneurs.
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The program aims to provide vital support to women entrepreneurs, enabling them to access financial tools and build strong credit histories.
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The initiative aims to empower women entrepreneurs, especially in rural areas, to create new businesses and generate employment opportunities.
The Women Entrepreneurship Platform (WEP) and TransUnion CIBIL have launched SEHER, a credit education program aimed at enhancing financial literacy and business skills among women entrepreneurs. The program is part of WEP’s Financing Women Collaborative (FWC) initiative, which aims to accelerate access to finance for women entrepreneurs. According to TransUnion CIBIL data, there has been a significant rise in demand for business loans by women, growing 3.9 times in the last five years.
The SEHER program aims to provide vital support to women entrepreneurs, enabling them to access financial tools and build strong credit histories. The program will help women entrepreneurs understand all aspects of finance, including their CIBIL Rank and commercial credit report. With the potential to create over 30 million new women-owned enterprises and generate 150-170 million jobs, the program is critical to India’s economic growth. The initiative is a significant step towards empowering women entrepreneurs, especially in rural areas, to create new businesses and generate employment opportunities.
