The MSME ecosystem is witnessing a strong emergence of women providing solutions through their entrepreneurial competencies and innovative business ideas. However, the inundated gender division continues to be an impediment for women to scale their business. According the IFC report by World Bank , 15 million women owned MSMEs in India face issues such as limited capital, understanding of technology and information, inadequate infrastructural facilities. Addressing the prevailing concerns, Tally Solutions is collaborating with Forum of Women Entrepreneurs (FoWE), to educate and enable women owned MSMEs across Karnataka to enhance their entrepreneurial skills and educate around technology enablement to stay ahead of the curve.
In Karnataka, women play a pivotal role in the growth story of the state with nearly 250 of every 1000 MSME businesses that are owned by women, as per the 2020-21 report by Ministry of MSME. Through this mutual agreement, Tally and FoWE aim to infuse self-reliance in women that can sharpen their business acumen and create opportunities for even other women. The collaboration will support women from Tier II and III cities across Karnataka in seamless business operations, business scalability and business automation.
Through on-ground events, experts from both the organizations will assist these women entrepreneurs in up skilling program, technical training and guide them to use technology for business, effortlessly. This will enable over 1000 micro entrepreneurs from small scale manufacturing and house-hold businesses, to build skills that will allow them to promote their products, export, source subsidized loan and understand the business process better. Tally Solutions will also educate these entrepreneurs on compliance, inventory management, accounting including book-keeping and invoicing as well as analysing business data or reports, to streamline operations and ease decision- making.
Commenting on Tally’s collaboration with FoWE, Nupur Goenka, Executive Director, Tally Solutions said, “At Tally, our focus is to provide sustained support to MSMEs across India and working with women-owned businesses is a big part of this resolve. Through our association with FoWE, we are eager to support these women as they become better entrepreneurs on their growth journey. These programs are designed to improve entrepreneurial expertise, boost confidence, and widen horizons by giving access to a suite of business management skills and knowledge to a diversity of women.”
Commenting on the association with Tally Solutions, Ruparani Ravindran, President, FoWE said, “FoWE’s main goal is to motivate and encourage the women entrepreneurs such as SOHO or start-ups especially in the tier 2 and 3 cities. The need of the hour is to support these women entrepreneurs and help them with business continuity and growth. I am sure with FoWE and Tally joining forces will give more strength to women entrepreneurs in running their business digitally strong. “
Today, the need of the hour is to promote and reinforce that woman- owned businesses are equally progressive and profitable. Additionally, it is also important to provide opportunities and ensure there is equal participation and representation of women in business across size, scale and geographies.
