NABARD and Muthoot group aim to promote women entrepreneurs

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Thiruvanathapuram: The National Bank for Agriculture and Rural Development (NABARD) in collaboration with Muthoot Pappachan Foundation has started a program to promote women entrepreneurship under its corporate social responsibility (CSR) initiative.

Muthoot Pappachan Foundation is the CSR wing of the eponymous trade, business and diversified investment Muthoot Pappachan Group, which is based in the southern state of Kerala.

Other companies who are supporting the program include, Rope, a global supplier of home decor and lifestyle products for international retailers and buyers, and Accion India, the Indian arm of an international non-governmental organization (NGO).“We are happy to be taking our partnership to a larger platform with NABARD and Rope and open out to international markets,” Thomas Muthoot, executive director of Muthoot Pappachan Group (MPG) said.

Under the program, a three-month training for 200 women entrepreneurs will be organised in southern Indian cities of Thiruvananthapuram, Ernakulam, Thrissur, Alappuzha and Palakkad.

The women will be trained in essential business and vocational skills for making eco-packs, handmade and paper bags, banana fibre products, jute products and dry flowers.

Subsequently, the products manufactured by the women will be acquired by Rope through a buy-back option and supplied to international retail chains and Fabindia.

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