USAID launches US-India alliance to help women-led businesses recover from pandemic

WASHINGTON, October 2: USAID Administrator Samantha Power launched the U.S.-India Alliance for the Economic Empowerment of Women, which will work to create opportunities for women in the workforce as well as for micro, small and medium enterprises owned and / or managed by women. businesses in India to recover from the pandemic and prosper economically.
The launch was announced at the fourth annual US-India Strategic Partnership Forum (USISPF) leadership summit on Friday.
The Alliance is a public-private partnership between USAID, the US Department of State, USISPF and George Washington University.
It aims to catalyze the commitments of business, philanthropy and civil society to advance women’s entrepreneurship and labor market participation in India, according to a press release from the United States Agency for Human Rights. international development (USAID).
The Alliance is launched amid the COVID-19 pandemic, which has disproportionately affected women in India and around the world. Women face disproportionate financial strains and increased pressures while balancing unpaid care and domestic responsibilities while working outside the home. And as the pandemic continues, women in India face increased underemployment and business closures, he said.

Administrator Power also announced the Alliance’s first two initiatives: Women @ Work and India Million Women Mentors. Led by Alliance member Samhita-CGF, Women @ Work will develop a coalition of businesses, philanthropic organizations and other stakeholders to drive economic recovery and the resilience of low-income women workers and small entrepreneurs, and enable them to develop and prosper.

“The Biden-Harris administration is pursuing a comprehensive plan to promote the economic empowerment of women, help end gender-based violence and address other inequalities in India. Power said at the event.
Aspects of Women @ Work is supported by the USAID-funded REVIVE Alliance, which was launched in October 2020 to focus on economic recovery, primarily for women and youth. The India Million Women Mentors initiative, led by Alliance member Pod, aims to connect one million women and girls in India with mentors over the next five years.
Participation in the Alliance aligns with the United States National Security Strategy, which confirms and elevates the need for inclusive and resilient growth at the heart of sustainable development and poverty reduction. This is needed more than ever given the devastating and lingering side effects of COVID-19 on the global economy, he said.

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