Mumbai, Mar 10, 2025: Express transportation company FedEx continues to promote inclusive entrepreneurship in India through its ‘Saksham’ initiative for the fourth consecutive year. This year, Saksham has empowered over 270 women entrepreneurs and nearly 160 members of the LGBTQIA+ community. Participants received tailored Saksham kits equipped with essential business resources, along with mentorship and industry-specific training. The initiative has supported small businesses across various sectors, including tiffin services, tailoring, handicrafts, food services, and beauty, equipping them with the necessary tools to grow and thrive.
“The Global Entrepreneurship Monitor (GEM) highlights, if there is a sustained and concerted effort to help women start and grow businesses at the same rates as men, USD 5 to 6 trillion of new global economic output could be added,” said Suvendu Choudhury, vice president, India Operations, FedEx. “With 2.2 crore women-owned MSMEs in India, their potential is vast. However, barriers to capital, business knowledge, and market access persist. Through ‘Saksham,’ FedEx, in collaboration with United Way, aims to bridge this gap, enabling women entrepreneurs to establish stronger businesses and contribute to economic growth,” he said.
Since its inception in 2021 in collaboration with United Way Mumbai, ‘Saksham’ has achieved significant milestones. In 2024 alone, 38% of beneficiaries who previously had no income now earn an average of ₹61,176 annually. Additionally, 19% of those earning under ₹15,000 annually have increased their income to an average of ₹66,782.
As part of its broader commitment to inclusive growth, ‘Saksham’ also supports the LGBTQIA+ community. Before joining the program, 45% of these participants were unemployed. Post-enrolment, 90% have either secured jobs or started their own businesses. Among them, 68% now hold private-sector roles earning ₹14,000–₹15,000 per month, while 23% have launched successful enterprises in cultural performances, beauty services, and tailoring.
“At United Way Mumbai, we believe that economic empowerment is key to building resilient communities. Through Saksham, we have witnessed firsthand the transformative impact of access to resources, mentorship, and market linkages on women and LGBTQIA+ entrepreneurs. The success stories emerging from this initiative are a testament to the power of inclusive entrepreneurship in driving sustainable economic growth. We are grateful to FedEx for their support to this partnership,” said George Aikara, CEO, United Way Mumbai.
For the women entrepreneurs benefiting from this initiative, Saksham represents more than just business growth — it is a transformative journey. Mamta Gawali, a program beneficiary and beauty services entrepreneur, shared: “Before Saksham, sustaining my business was a constant struggle, and expanding seemed impossible. But with the Saksham Kit, which provided essential tools, products, and equipment’s, I enhanced my services and attracted more customers. The financial management training taught me the importance of saving, and today, I have a bank account and a clear plan to grow my business — ensuring a better future for my children.”
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