Mira-Bhayandar: Women entrepreneurs complete vocational training under the Faraal Sakhi initiative, supported by MBMC and NITI Aayog | File Photo
Mira-Bhayandar: The four daylong session II of vocational training for budding women entrepreneurs organised by the Mira Bhayandar Municipal Corporation (MBMC) under the Faral Sakhi project concluded on Friday.
Recognised by central government’s National Institution for Transforming India (NITI) Aayog, ‘Faraal (snacks) Sakhi (friend)’ is a first-of-its kind flagship initiative conceptualized by the MBMC aimed at empowering women entrepreneurs in the twin-city.
The project which was launched ahead of Diwali provides comprehensive training and support to help women entrepreneurs engaged in traditional snack production to scale their ventures sustainably and effectively.
Notably, the MBMC led by commissioner- Sanjay Katkar has collaborated with the central government and formally launched ‘Faraal Sakhi’- Award to Reward initiative launched by the NITI Aayog under the aegis of the Women Entrepreneurship Platform (WEP).
25 women have been selected for the training sessions in which experts impart lessons on business management, marketing-branding strategy, handling finances, attracting investments, credit management and procuring business loans.
In the second session, founders of Digital Accounting Club- CA Kunal Kumar and CA Peter Richard threw light on various aspects including- basic planning, tailoring budgets, low risk investment options, government schemes, application processes for GST registration, income tax returns, legal matters, managing income, expenses and savings.
Under the Faraal Sakhi initiative, the MBMC not only trained and encouraged them to manufacture various types of snacks in a commercial manner, but also set up a mechanism for branding and selling the products.
The initiative received an overwhelming response as more than 3 tons of snacks were sold during the festive season of Diwali. “Faraal Sakhi will be developed into a comprehensive brand which will generate self-employment opportunities for women.” said Katkar.
About NITI Aayog's WEP
Incubated by the NITI Aayog in 2018, the WEP operates as an aggregator platform which was transitioned into a public-private partnership (PPP) venture in 2022.
WEP aims at empowering women entrepreneurs by overcoming information asymmetry and providing continuum of support across different pillars- access to finance, market linkages, training, skill development, mentoring, legal assistance and business development services.
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