The United Nations Development Programme (UNDP) and the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) entered into a collaborative partnership. What is the primary objective of the partnership between UNDP and DAY-NULM?

Solution

   The United Nations Development Programme (UNDP) and the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) entered into a collaborative partnership aimed at empowering women to make well-informed career choices in the field of entrepreneurship.      The partnership will support women looking to start and expand their own enterprises, particularly in sectors such as care economy, digital economy, electric mobility, waste management, food packaging and more. Focused on fostering entrepreneurship development and accelerating enterprise growth, the three-year project, extendable beyond 2025, will cover eight cities in the initial phase.     UNDP and DAY-NULM will jointly engage in on-ground mobilization activities that involve identifying pockets of urban poverty and potential entrepreneurs, as well as facilitating access to Business Development Services.      Handholding support will be provided to the cohort to formalize their businesses, establish bank linkages, secure access to finance and markets. UNDP will also contribute to the initiative by developing community business mentors called Biz-Sakhis in selected project locations.