Goldman Sachs Supports 200 Women Entrepreneurs in India

Goldman Sachs announced that 200 women entrepreneurs from its 10,000 Women Finance for Growth initiative are expected to raise approximately ₹850 crore (US$100 million) from investors, aimed at expanding their businesses and creating new jobs. Union Minister for Commerce and Industry Piyush Goyal emphasized the initiative's role in highlighting the untapped potential of women, noting that 3,500 women from the program have already generated significant employment opportunities. The initiative, launched in 2023, focuses on providing women with access to capital, essential mentorship, and networking opportunities to bridge the credit gap. Asahi Pompey, global head of Goldman Sachs’ Office of Corporate Engagement, highlighted the transformative impact of empowering women entrepreneurs as a catalyst for sustainable economic growth. Goldman Sachs has partnered with Indian institutions like the Indian School of Business and IIM Bangalore to deliver business education as part of the initiative, which has reached over 200,000 women globally since its inception in 2008. The program aligns with India's vision of a developed nation (Viksit Bharat) by 2047, contributing to economic growth through job creation and wealth generation.