The Trade Related Entrepreneurship Development Assistance Scheme (TREAD), initiated by the Government of India, is making strides in empowering women entrepreneurs. Launched with the objective of promoting women entrepreneurship, the scheme provides crucial financial assistance and support services.
Financial Assistance
Under the scheme, up to 30% of the total project cost, as appraised by the bank, is provided as financial assistance by the government, with the remaining 70% to be provided by the bank. This financial assistance is instrumental in helping women access credit for their entrepreneurial ventures, which is often hindered by strict banking procedures and collateral requirements.
Objective and Services
The primary aim of the scheme is to provide sustainable employment to poor women by developing their technical skills and entrepreneurial acumen. TREAD offers a range of support services, including training, counseling, and credit facilitation. NGOs play a pivotal role in disbursing credit, ensuring responsible fund management.
Eligibility and Application
NGOs seeking to participate in the scheme must submit an application form along with their experience details in managing development projects for poor women. The application should include identity proof, audited accounts for the last three years, and other relevant documents. The application process involves visiting the nearest Micro, Small and Medium Enterprise (MSME) Development Institute.
Impact and Achievements
Since its inception, TREAD has made a remarkable impact. It has provided financial assistance and support services to women entrepreneurs, enabling them to start and expand their businesses. The scheme has created sustainable employment opportunities, especially for marginalized women.
The TREAD scheme is a crucial initiative by the Government of India, significantly benefiting women entrepreneurs. By providing financial assistance and support services, the scheme is fostering a conducive environment for women to establish and grow their businesses. This is expected to not only empower women but also contribute to the overall economic growth of the country.
