Faral Sakhi

Why in News?

Recently, the Faral Sakhi initiative was launched by Mira Bhayandar Municipal Corporation (MBMC) to empower women entrepreneurs.

• Faral Sakhi – It is a flagship initiative, aimed at empowering women entrepreneurs in the city of Mira Bhayandar, Maharashtra.
• Aim – To create permanent employment opportunities for women by engaging them in the production and sale of traditional festive snacks (‘Faral’).
• Launched by – Mira Bhayandar Municipal Corporation (MBMC), in collaboration with Women Entrepreneurship Platform (WEP).
• Technical training – 25 women from Mira Bhayandar have been selected to receive technical training in business operations.
• The training is facilitated by the Centre for Education, Governance, and Public Policy (CEGP Foundation).
• Supports local economy – This initiative equips participants with essential skills and knowledge to establish sustainable businesses, contributing significantly to the local economy.
• MBMC – Has established a central kitchen that allows women from self-help groups (SHGs) to produce festive snacks (‘Faral’) professionally.
• Award to Reward (ATR) initiative of WEP – Faral Sakhi initiative was unveiled the ATR.

Women Entrepreneurship Platform (WEP)

• Focuses – On empowering women entrepreneurs by addressing information gaps and providing support across critical areas such as:
  • Access to finance, market linkages, training and skilling, mentoring and networking, compliance and legal assistance and business development services.
• An initiative of NITI Aayog.

Over 30,000 women entrepreneurs already engaged with Women Entrepreneurship Platform (WEP).

• Award to Reward initiative is a component under it.

References

1. PIB| Faral Sakhi Initiative
2. The Statesman | Faral Sakhi Initiative