Govt to integrate women-linked industries, businesses with SME sector

Prime Minister Shehbaz Sharif has said that the government will integrate women associated with cottage industries and small businesses into the Small and Medium Enterprise (SME) sector, The News reported on Sunday.

The announcement was made on International Women’s Day during a review meeting on ongoing reforms under the Small and Medium Enterprise Development Authority (Smeda).

Speaking at the meeting, the prime minister emphasised the need for women’s economic empowerment and directed authorities to provide essential capital and facilities on a priority basis to businesswomen in the cottage industry.

He also instructed measures to offer low-cost loans to women under the Youth Loan Scheme, enabling them to expand their businesses.

Stressing the importance of supporting educated and skilled women, especially in rural and remote areas, he urged for initiatives that help them achieve financial independence through entrepreneurship.

The prime minister ordered the establishment of facilitation centres and training institutes to support women engaged in small-scale businesses and ensure their easy access to these resources.

To strengthen this initiative, he announced the formation of a special committee tasked with developing a comprehensive plan for empowering women through business opportunities. The committee will soon present its recommendations to the prime minister.

The PM further directed authorities to guarantee women’s access to facilitation centres and training programmes and reaffirmed that low-cost loans would be made available to female entrepreneurs under the Youth Loan Scheme.

During the meeting, the prime minister was briefed on Smeda’s initiatives for the development of micro, small, and medium enterprises.

Separately, in his address here at an event of International Women’s Day, marked globally on March 8 to celebrate the achievements of women and to make a call for their rights, the prime minister said women’s empowerment could only be achieved by providing them equal access to education, skill development and employment opportunities.

“It’s our mission and an unwavering commitment to ensure emancipation of the country’s female population,” he said.