The World Bank approves $150 million for the Tamil Nadu Women Employment and Safety Program.
New Delhi: The director’s executive The World Bank Board of Executive Directors has signed a programme worth $150 million to support women in Tamil Nadu. This programme is designed to provide access to quality jobs to 1.6 million women across the state.
Under this scheme of the World Bank Tamil Nadu Women Employment and Safety Program, more than 600,000 women will receive skills and training and career support. 18,000 women entrepreneurs will receive incubation support to set up their businesses, says a World Bank statement.
The World Bank has also set up many hostels. This operation will expand further, where the World Bank will be building transport for women and call centers so that they can protect themselves and report any kind of Abuse and Harassment towards them.
The maturity period of this $150 million is 25 years with a 5-year grace period. International Reconstruction and Development (IRD) issued this statement in the release.
This operation will help the aspirations of women and also boost the participation of women in the workforce, which will help the state’s dream of reaching a one-trillion economy, said Auguste Tano Kouame, the World Bank’s Country Director for India.
The Programme will support collaboration with industry associations, institutes of eminence, and private organisations to strengthen access to and quality of housing and mobility options for women workers, female students, and women entrepreneurs, said Muderis Abdulahi Mohammed and Pradyumna Bhattacharjee, the Task Team Leaders for the Programme.
(Subham Singh)
