Context: 

The United Nations Development Programme (UNDP) and the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) entered into a collaborative partnership.

About the UNDP Partnership with DAY-NULM:

• Aim: To provide support for women looking to start and expanding their own enterprises
• Sectors focused:  care economy, digital economy, electric mobility, waste management, food packaging and more.
• Duration: Three-year project, extendable beyond 2025
• Coverage: Eight cities in the initial phase

• On-ground mobilisation activities by UNDP and DAY-NULM: 
  • Identifying pockets of urban poverty and potential entrepreneurs
  • Facilitating access to Business Development Services. 

• Handholding support: 
  • To formalise their businesses
  • To establish bank linkages
  • To secure access to finance and markets. 

• Biz-Sakhis: 
  • UNDP will develop community business mentors called Biz-Sakhis in selected project locations. 
  • These mentors, who possess valuable business knowledge, can support new and existing enterprises, and serve as a resource for DAY-NULM at a later stage.

News Source: pib