HYDERABAD —The Telangana government Nov. 30 announced three initiatives for women entrepreneurs, including the establishment of a We-Hub – a hub that supports women entrepreneurs – that will serve as an exclusive incubator for women.
"After successful completion of Good and Services Tax, we decided to roll out three initiatives for women entrepreneurs. We will create a Rs. 15 crore fund for them. We will set up We-Hub on the lines of T-Hub," said Telangana Minister for IT and Industries K.T. Rama Rao at a press conference.
T-Hub is a public-private partnership between the government of Telangana, three of India’s premier academic institutes – the International Institute of Information Technology-Hyderabad, the Indian School of Business and the National Academy of Legal Studies and Research – and key private sector leaders.
The minister added that the government will change its procurement policy to enable the procurement of one fourth of the mandated 20 percent purchases from the small- and medium-sized enterprises sector.
He, along with NITI Aayog CEO Amitabh Kant, addressed the media after the conclusion of the Global Entrepreneurship Summit 2017, which began Nov. 28.
Reacting to Rao's announcement on benefit programs for women entrepreneurs, Kant said the NITI Aayog will support them.