The Wadhwani Foundation (WF) announced the Sahayata Initiative to help distressed small and medium enterprises (SMEs) affected by the economic crisis and public health workers improve COVID-19 knowledge and skills, the foundation said in statement.
The Wadhwani Foundation is a leading non-profit Foundation serving India and other developing countries with the mission of accelerating job creation through large scale initiatives in entrepreneurship, SME growth, and skilling.
Wadhwani Foundation has committed Rs. 200 Crore and is building an ecosystem of partners, including government ministries and agencies, banks, and consulting firms, to help operationalize this large and complex initiative.
The Sahayata Initiative consists of three programs: the Sahayata Business Stability program, the Sahayata COVID-19 Skilling program, and the Sahayata Public Health Innovation program. The Foundation built all three Sahayata programs over the last 90 days. Rapid deployment will begin in August 2020.
Padma Shri Dr. Romesh Wadhwani, Founder and Chairman, Wadhwani Foundation, said, “COVID-19 has created both a health and an economic crisis that is especially harming SMEs and jobs. Without proper credit and consulting support, the short- and long-term damage to the SME sector will be enormous. The Foundation’s large investment in Sahayata supplements the government’s massive stimulus package by providing 10,000 SMEs with consulting services that will help them survive, stabilize, and ultimately grow into successful businesses and help save or create 100,000 jobs. All of the Foundation’s own consultants, existing and new content, and technology will be provided pro bono to SMEs.”