India: Supporting Microentrepreneurship for Women's Empowerment

Sovereign Project | 43158-012

Summary

The capacity building grant is associated with Micro, Small, and Medium Enterprise Development Project (MSMEDP). The primary objective of the grant is to help low-income women entrepreneurs access financial resources, services, and market opportunities in selected Indian states. The grant will (i) assess existing gender policies, strategies, and practices , including institutional arrangements adopted by SIDBI and SIDBI Foundation for Micro Credit (SFMC), its partner microfinance institutions (MFIs), and banks; (ii) organize training targeting the specific needs of women entrepreneurs for SIDBI partner MFIs, nonbanking financial companies (NBFCs) and banks; (iii) support SIDBI retailers in addressing the specific needs and constraints faced by low-income women entrepreneurs in accessing financial services; and (iv) establish a monitoring and evaluation (M&E) system to assess the results of financed activities under this grant.

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Project Name Supporting Microentrepreneurship for Women's Empowerment
Project Number 43158-012
Country India
Project Status Approved
Project Type / Modality of Assistance Grant
Source of Funding / Amount
Grant 9145-IND: Supporting Microentrepreneurship for Women's Empowerment
Japan Fund for Poverty Reduction US$ 3.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Partnerships
Private sector development
Sector / Subsector Industry and trade - Small and medium enterprise development
Gender Equity and Mainstreaming Gender equity
Description The capacity building grant is associated with Micro, Small, and Medium Enterprise Development Project (MSMEDP). The primary objective of the grant is to help low-income women entrepreneurs access financial resources, services, and market opportunities in selected Indian states. The grant will (i) assess existing gender policies, strategies, and practices , including institutional arrangements adopted by SIDBI and SIDBI Foundation for Micro Credit (SFMC), its partner microfinance institutions (MFIs), and banks; (ii) organize training targeting the specific needs of women entrepreneurs for SIDBI partner MFIs, nonbanking financial companies (NBFCs) and banks; (iii) support SIDBI retailers in addressing the specific needs and constraints faced by low-income women entrepreneurs in accessing financial services; and (iv) establish a monitoring and evaluation (M&E) system to assess the results of financed activities under this grant. The Executing Agency for the Grant is Ministry of Finance and the Implementing Agency is SIDBI.
Project Rationale and Linkage to Country/Regional Strategy Support for inclusive growth and catalyzing investment through innovative financing methods are two of the strategic pillars of the India CPS (2009-2012). The CPS emphasizes the need to promote financial sector and SME development and to support gender equity issues. With respect to SME development, the CPS explicitly states that (i) the provision of information, markets, technology, and business development services should include mechanisms to promote participation of women and their enterprises; and (ii) gender-based barriers to access finance should be analyzed and addressed.
Impact Enhanced gender equity and women's empowerment by creating a culture of entrepreneurship among women in the grant areas
Project Outcome
Description of Outcome Greater capacity of low-income female microentrepreneurs to access financial resources, services,and market opportunities in the grant areas
Progress Toward Outcome The on-going activities under the grant are expected to enhance the capacity of women borrowers to access financial resources.
Implementation Progress
Description of Project Outputs

Gender-related policies,strategies, and programs institutionalized

Stakeholders involved in female entrepreneurship trained

Financial services for low-income female micro entrepreneurs developed

Effective monitoring and evaluation of results

Status of Implementation Progress (Outputs, Activities, and Issues)

The National Research Organization (NRO) has prepared tools and instruments for gender situation and capacity needs assessment; reviewed existing gender policies and practices of SIDBI and 24 participating financial institutions (PFIs) in the 5 selected states; conducted a gender related capacity needs assessment at the institutional level for SIDBI and the PFIs; and prepared (i) situation assessment report focused on gender-related policies, strategies, and programs promoting women's entrepreneurship, and (ii) institutional capacity needs assessment reports for SIDBI and each of the participating PFIs. The NRO disseminated the findings and recommendations of the studies to SIDBI and the PFIs in 5 workshops, one in each of the 5 Grant states, to help institutionalize gender related policies and practices.

The National Training Institute (NTI) conducted training needs assessment exercise for low-income women entrepreneurs based on secondary data sources; developed training modules for field-level training covering financial literacy, business development, leadership & communication, and money & debt management and carried out training of more than 1300 women.

Ten livelihood enterprise learning advisors (LELAs) were recruited by five PFIs of SIDBI in four of the five Grant states to act as mentors to low-income women entrepreneurs in the target segment on aspects of credit and micro-entrepreneurship, with a view to help the women with enhancing capacity and skills for better use of credit and timely repayment, sustainability of business operations and scaling up of business, improved access to credit for enhanced credit requirements, and overall capacity development.

The National research Institute (NRI) has prepared the final baseline report and endline report. A consultation workshop was organized by SIDBI at the national level with PFIs and other stakeholders, to disseminate grant findings and lessons learned, including NRO's findings and recommendations, NTI's experiences with trainings, key learnings and suggestions, and NRI's evaluation findings.

Geographical Location Madhya Pradesh, Maharashtra, Orissa, Rajasthan, and Uttar Pradesh
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects As the activities will focus mostly on strengthening the capacity of female microentrepreneurs to access financial resources, services, and market opportunities, there will be no environmental safeguard issues.
Involuntary Resettlement As the activities will focus mostly on strengthening the capacity of female microentrepreneurs to access financial resources, services, and market opportunities, there will be no social safeguard issues.
Indigenous Peoples As the activities will focus mostly on strengthening the capacity of female microentrepreneurs to access financial resources, services, and market opportunities, there will be no social safeguard issues.
Stakeholder Communication, Participation, and Consultation
During Project Design A series of discussions with relevant stakeholders (i.e., the Government, donor partners, and chambers of commerce), were held to identify challenges and unmet needs in the areas of access to reasonable and timely finance, business development services, capacity development, and awareness building.
During Project Implementation NTI, NRO and NRI engaged under the Grant, have been carrying out discussions and consultations with stakeholders as part of their ongoing activities. Further, ADB review missions have also held consultations with stakeholders.
Business Opportunities
Consulting Services The recruitment of consultants under the Grant by the implementing agency would be in accordance with ADB's Guidelines on the Use of Consultants (2010, as amended from time to time).
Procurement All procurement under the grant will be in accordance with ADB's Procurement Guidelines (2010, as amended from time to time).
Responsible ADB Officer Prabhjot Rehan Khan
Responsible ADB Department South Asia Department
Responsible ADB Division India Resident Mission
Executing Agencies
Department of Economic AffairsMinistry of Finance
North Block
New Delhi-110001, India
Timetable
Concept Clearance 08 Jun 2009
Fact Finding 24 Aug 2009 to 04 Sep 2009
MRM 12 Oct 2009
Approval 25 May 2010
Last Review Mission -
PDS Creation Date 16 Jul 2010
Last PDS Update 10 Mar 2015

Grant 9145-IND

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
25 May 2010 02 Jul 2010 02 Jul 2010 30 Jun 2013 31 Dec 2017 -
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 3.00 Cumulative Contract Awards
ADB 0.00 25 May 2010 0.00 0.44 15%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 3.00 25 May 2010 0.00 0.41 14%
Title Document Type Document Date
Supporting Microentrepreneurship for Women's Empowerment Grant Assistance Reports Apr 2010
Supporting Microentrepreneurship for Women's Empowerment Initial Poverty and Social Analysis Sep 2009

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