IIT-M to train women entrepreneurs

Hyderabad: Indian Institute of Technology Madras launched a new initiative to train 300 micro and marginal women entrepreneurs in Tamil Nadu. The Institute has joined hands with CAMS Group, which is providing a funding support of about Rs. 45 lakh, and Hand-in-Hand India, a charitable trust, for this three-year project.

The program aims to provide high impact training to the women entrepreneurs by providing key inputs in different areas of business and management. This will help participants to improve their growth rates and profitability.

Speaking during the launch of the initiative, Prof Nagarajan, Dean, Industry and Alumni Relations, IIT-Madras, said, “IIT Madras has established itself as a leader among academic institutions in promoting entrepreneurship among its faculty and students, with alumni being a solid pillar of support. In particular, social entrepreneurship is a key imperative of the Institute, and corporate support in the form of CSR has come as a tremendous boost in this respect.”

Speaking about this program, Prof. Thillai Rajan, Department of Management Studies, IIT-Madras, and one of the Program Directors, said, “This initiative is a result of the spectacular success of an earlier pilot program done in January 2016. About half of the participants in that pilot program successfully obtained bank loans within six months of completing the program.”