WE HUB, a Government of Telangana initiative for fostering and promoting women entrepreneurship awarded loan sanction letters for 16 Women entrepreneurs for amounts ranging from Rs. 3 lakhs to 2 crores in the presence of Honorable Minister K T Rama Rao at Pragathi Bhavan. For the loan facilitation, WE HUB worked closely with MSME-DI and SBI SME for operationalizing funds under the MUDRA, Stand up India and CGTMSE Schemes.
According to the Women Entrepreneurs, WE Hub paved the way for their entrepreneurial ambitions by facilitating main-stream credit linkages.
Saahitya R, Founder of Sweetooth, a QSR unit for baked goods quoted “The workshop held was extremely useful, and most importantly, motivating. It is great to see the government be so invested in fostering Women Entrepreneurship. I had approached WE Hub and MSME-DI to clarify a few doubts and create a better proposal as well.” Ms. Saahitya will be using the sanctioned amount to expand her business and set up units across the city.
Subbalakshmi Krishnamurthi, from Macromoney which is an organization that focuses on creating a municipal database and facilitating research services. She will be using the sanctioned amount towards creation of the database. Ms. Subbalakshmi has also recently won the USIBC Pitch competition, during which she quoted “If it weren’t for WE Hub’s dedicated intervention I wouldn’t have been here today.”
Rajeshwari G, owner of Sai Saraas Agro Foods, a food processing unit for spices, mentioned that she has been looking for avenues for financial assistance for a few months now, and felt truly enabled by WE Hub’s guidance to avail the credit linkages.
Minister KTR and Principal Secretary Jayesh Ranjan interacted with the Entrepreneurs, about their experience working with WE HUB and how it has enabled them. The entrepreneurs spoke about their journey, the assistance and guidance received from WE HUB towards creating project proposals, understanding financial modeling and how the financial impetus received through WE HUB will enable them to scale up faster.
The Sanction letters were awarded by Hon’ble Minister, Mr. K T Rama Rao, Mr. Jayesh Ranjan , Principal Secretary to the Government , IT E &C., Ms. Deepthi Ravula, CEO, WE Hub. Officials including Mr. Chandra Shekar, Additional Industrial Advisor, MSME DI, GoI and from the State Bank of India participated in the event.
