Goldman Sachs claims to have created 12,000 new jobs for women, adding revenue of about Rs 2,800 crore to the Indian economy with its business and management education program for women.
Goldman Sachs claims to have created 12,000 new jobs for women, adding revenue of about Rs 2,800 crore to the Indian economy with its business and management education program for women.
Investment bank funded business and management education for 2,400 women in India. Subsequently, the beneficiaries of this program were able to create around 12,000 new jobs in the last 18 months.
Investment bank funded business and management education for 2,400 women in India. Subsequently, the beneficiaries of this program were able to create around 12,000 new jobs in the last 18 months.
The graduation program was first launched in the country in 2008 by Goldman Sachs. The same program was relaunched in India in 2021. ,
The graduation program was first launched in the country in 2008 by Goldman Sachs. The same program was relaunched in India in 2021. ,
The data on job and revenue generation was shared by the Indian School of Business, which conducted a study among 2,400 women entrepreneurs participating in the Goldman Sachs Women Initiative.
The data on job and revenue generation was shared by the Indian School of Business, which conducted a study among 2,400 women entrepreneurs participating in the Goldman Sachs Women Initiative.
The study also found that these 10,000 women doubled their existing workforce, quadrupled their revenue and increased their productivity an average of five times within 18 months of graduating from the program. The research also found that most of them expect to increase recruitment and increase revenue.
The study also found that these 10,000 women doubled their existing workforce, quadrupled their revenue and increased their productivity an average of five times within 18 months of graduating from the program. The research also found that most of them expect to increase recruitment and increase revenue.
Goldman Sachs India President and CEO Sonjoy Chatterjee said that women entrepreneurs are still under-represented in India and face several challenges in accessing capital. He added that a lot still needs to be done to unlock their true potential.
Goldman Sachs India President and CEO Sonjoy Chatterjee said that women entrepreneurs are still under-represented in India and face several challenges in accessing capital. He added that a lot still needs to be done to unlock their true potential.
Sonjoy also said that only 20 percent of household businesses are led by women and they account for only 3 percent of total industrial production.
Sonjoy also said that only 20 percent of household businesses are led by women and they account for only 3 percent of total industrial production.
The study, conducted by ISB, analyzed how women entrepreneurs applied the knowledge gained from the course in their businesses and how they took advantage of emerging topics.
The study, conducted by ISB, analyzed how women entrepreneurs applied the knowledge gained from the course in their businesses and how they took advantage of emerging topics.
The topics included adopting digital technology for innovation and efficiency, promoting exports, etc.
The topics included adopting digital technology for innovation and efficiency, promoting exports, etc.
Since the launch of the Women’s Entrepreneurial Opportunity Facility in global partnership with International Finance Corporation, more than 38,000 women entrepreneurs have been sanctioned $720 million in loans through the program through December 2021.
Since the launch of the Women’s Entrepreneurial Opportunity Facility in global partnership with International Finance Corporation, more than 38,000 women entrepreneurs have been sanctioned $720 million in loans through the program through December 2021.
Source: www.livemint.com
