Visa has pledged $1 million to United Way Mumbai (UWM) to empower women-owned businesses over the next three years.
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The project will be implemented in a total of 170 villages and towns across Uttar Pradesh, Maharashtra, Karnataka and Assam and will focus on creating sustainable, long-term skills for entrepreneurship among participants. The project aims to train over 8,500 women and connect them with financial services relevant to their enterprises and communities. Sandeep Ghosh, group country manager, India & South Asia, Visa, said.
“At Visa, we have strongly advocated and supported the growth of small businesses, particularly those focused on women. Our partnership with United Way Mumbai will impart financial and entrepreneurship skills to women from communities that do not enjoy the same access and privileges as many others. As women get empowered, so do the communities they represent. We look forward to this partnership making meaningful contributions to deserving communities in times to come.”
Services for financial inclusion, formation of sustainable self-help groups and access to knowledge and entrepreneurship development are the targeted area of focus on the Visa UWM project for Rs 3 crores.