Inks MoU with RMC to establish 500 women-led businesses by November
Hyderabad: Telangana government-led incubator for women entrepreneurs WE Hub on Wednesday announced the signing of a memorandum of understanding (MoU) with Ramagundam Municipal Corporation (RMC).
As part of the MoU, WE Hub will establish a satellite office in RMC and also launch a first-of-its-kind project titled ‘Project Inclusion’. This project will formalise and establish 500 women-led businesses in the RMC region by November this year.
The MoU was inked between RMC Commissioner Uday Kumar and WE Hub CEO Deepthi Ravula in the presence of IT and Industries Principal Secretary Jayesh Ranjan.
WE Hub and RMC envision to make this a role model project in the country by grounding women-led enterprises at scale and ensuring sustainability of the enterprises. The project not only aims to bring more women into the workforce but also create role model enterprises led by businesswomen who will generate employment in the municipal corporation. For this project, State Bank of India has come onboard as the exclusive banking partner.
Ranjan said, “I am happy to see WE Hub and Ramagundam Municipal Corporation coming together to help the women of Telangana realise their economic, social and financial goals. Along with the multiple international and national ventures by WE Hub, I am hoping that this project will help WE Hub equip women entrepreneurs in Telangana and scale it with many more departments locally and across India.”
Deepthi Ravula said that their experience of supporting women-led enterprises from various districts of Telangana had shown that government, financial institutions and incubators like WE Hub help these enterprises grow. “WE Hub is happy to partner with RMC to ground and scale 500 enterprises with 360-degree support. Together, we will be creating a blueprint for more municipalities to enable women in their local areas to go from job seekers to employment generators and add to the local economy,” said Deepthi Ravula.
RMC Commissioner Uday Kumar said, “We are working with WE Hub to ensure that sustainable women-led enterprises are created by leveraging technology and promoting digital and financial literacy among aspiring businesswomen.”
Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.