IIM-Indore To Train Female Relatives Of MP Police For Financial Independence

IIM Indore: IIM-Indore is partnering with the Madhya Pradesh government in an effort to make the female family members of state police personnel financially independent.

Their goal is to transform women into successful entrepreneurs. Director of IIM-Indore Professor Himanshu Rai and MP Police’s Additional Director General Vijay Kataria met and decided to partner up for training female relatives of police personnel, including mothers, wives, sisters, daughters and other female relatives in managing their finances. Once the partnership is in place, it will start on a trial basis in Indore, which has a state police force with 5,000 personnel.

“The planned partnership is at a preliminary stage and it will be fine-tuned in the days to come. But once completely in place, it holds the potential of positively changing lives of female family members of around one lakh strong police force in the state,” said Kataria.

"We’ll identify those women who have inherent entrepreneurial talent. Those women will then be specifically guided and helped in starting their own ventures of variegated sizes,” said Himanshu Rai.

"During the process of training, if the entrepreneurial talent is spotted by the trainers in some girls and women, then specialized training will be rendered to them to turn them into entrepreneurs,” says Indore Police’s additional SP Manisha Pathak Soni.

IIM-Indore recently signing a memorandum of understanding with the MP Industrial Development Corporation (MPIDC). Due to this, women that are trained as potential entrepreneurs will also receive financial help through MPIDC.