Women Entrepreneurs: a key drivers of economic growth

In the quest for economic empowerment and inclusive growth, initiatives like Caritas India’s U3 program are proving to be transformative forces, particularly for women entrepreneurs in rural communities. Smt. Nisha Lakra’s journey from economic vulnerability to entrepreneurial success is a testament to the impact of such programs, highlighting the crucial link between women’s entrepreneurship and household welfare.

Smt. Nisha Lakra, a 32-year-old resident of Jiwanjote village in the Darjeeling district, embodies the resilience and determination of women facing economic challenges. As a mother of three children and the wife of a pickup van driver, she grappled with financial instability despite her husband’s hard work. The imbalance in resources took a toll on the family’s well-being, straining relationships and stifling growth.

However, with the guidance of a ‘Community Educator’ and the support of the U3 program, Nisha found hope and opportunity. By joining a Self-Help Group (SHG), she gained access to training, financial assistance, and mentorship, empowering her to pursue entrepreneurship. With her newfound confidence, Nisha revived the SHG, securing a subsidized grant for entrepreneurship and assuming leadership as the group president.

Driven by a vision of self-sufficiency and collective growth, Nisha embarked on her entrepreneurial journey, starting a petty shop with a loan assistance of Rs. 50,000 from her SHG and personal savings. Despite initial challenges, her business began to thrive, thanks to the support of SKS and Caritas India through the Uttoran project. This project provided the necessary resources and guidance, enabling Nisha to overcome obstacles and achieve financial stability.

As Nisha’s business flourished, so did her impact on the community. Through her leadership within the SHG, she inspired others to pursue entrepreneurship, fostering a culture of empowerment and resilience. Her success story serves as a beacon of hope for women in similar circumstances, demonstrating the transformative power of entrepreneurship in lifting families out of poverty.
The link between women’s entrepreneurship and household welfare is undeniable. By generating additional income, women like Nisha contribute to the sustenance and well-being of their families, improving their households’ welfare status. Nisha’s monthly contribution of Rs. 9500, alongside her husband’s earnings, has significantly enhanced their family’s financial stability and allowed them to provide better education for their children.

Looking ahead, Nisha remains committed to empowering others and expanding her business ventures. She plans to encourage other SHG groups to embrace entrepreneurship and leverage SHG loans for collective income generation. Additionally, she aims to showcase her products at the upcoming Krishi Mela, further expanding her market reach and impact.

In expressing her gratitude to SKS and Caritas India for the Uttoran Project, Nisha acknowledges the pivotal role of such initiatives in creating opportunities for sustainable livelihoods. Through the SHG movement facilitated by Caritas India, she has not only transformed her own life but also become an inspiring leader within her community, driving positive change and fostering economic empowerment.

As the global conversation on women’s economic empowerment gains momentum, initiatives like Caritas India’s U3 program serve as exemplars of inclusive growth and social progress. By investing in women entrepreneurs, we not only unlock their potential but also create pathways to a more equitable and prosperous future for all.