Trump admin announces two projects in India for women empowerment

Guwahati: The Trump administration will launch two projects in India in partnership with the private sector. The announcement of the project has been made on Friday which will be a part of its historic initiative to empower 50 million women globally to tap their economic potential.

Senior Adviser and daughter of President Donald Trump, Ivanka Trump will take the initiative while President Trump signed a memorandum to launch the Women's Global Development and Prosperity which is a first of its kind government approach to women's economic empowerment.

The White House in a statement said the United States Agency for International Development in partnership with PepsiCo in West Bengal will scale women's economic empowerment throughout PepsiCo's agricultural supply chains.

One of the programmes will be launched in the state of West Bengal.

The Overseas Private Investment Corporation will expand Rs. 7126.53 INR loan through IndusInd's microfinance lending to women in India. The memorandum of understanding aims at improving the ability of women entrepreneurs to export their goods to markets with an initial focus in Africa, Asia and Central America.

To reduce barriers faced by women entrepreneurs, the Department of State's Office of Global Women's Issues will launch 'We Rise' to work with microfinance civil society organizations.

Signing the memorandum, Donald Trump said that the goal is to reach 50 million women in the developing world and it looks like it is probably going to be substantially more than that which will be done by 2025. He further said that the goal is to empower women to help their home self-reliant.

Trump said, "Investing in women helps to achieve greater peace and prosperity between nations, not only our nation but all nations throughout the world. We are getting together, we have developed a lot of really tremendous relationships because of what we are doing right here."

Speaking on the issue Ivanka said that this number represents far more than an economic boom and it represents millions of lives full of promise, mothers who could provide for their children, daughters who could be the first to graduate from high school and young women who could start a business and create jobs.

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