Goldman Sachs said Friday that at least 200 Indian women entrepreneurs are expected to earn an estimated Rs 850 crore ($100 million) from investors, which would support company expansion and employment creation.

Union Commerce and Industry Minister Piyush Goyal claims that the “Goldman Sachs 10,000 Women” campaign demonstrates the unrealized potential of women.

“I have no doubt that they will keep shattering stereotypes and empowering people. They are dedicated to funding and promoting women’s advancement. At the company’s ceremony here, Minister Goyal said that 3,500 women have benefited from this effort by creating jobs and stimulating the economy.

“As we strive to achieve India’s Viksit Bharat goal by 2047, the program also shows how these women contribute significantly to the government’s journey of Amrit Kaal,” the minister said.

In 2023, the “Goldman Sachs 10,000 Women Finance for Growth” program was created and launched in collaboration with IIM Bangalore’s incubation arm, NSRCEL.

Over 400 “Goldman Sachs 10,000 Women” alumni took part in this program, which aimed to provide female entrepreneurs with a better grasp of corporate finance as well as to link them with investors and offer networking and mentorship possibilities.

According to Asahi Pompey, global head of Goldman Sachs’ Office of Corporate Engagement, “Giving women entrepreneurs the right tools, meaningful mentorship, and strategic networks to access the right kind of capital at the right time is not just transformative for their business—it is a powerful catalyst for sustainable job creation, wealth generation, and economic growth.”

The program gives women entrepreneurs a better grasp of how to get outside funding for expansion, according to Sonjoy Chatterjee, Chairman and CEO of Goldman Sachs in India.

“It demonstrates our dedication to assisting women-owned enterprises by closing the credit gap via our network of Indian investors,” Chatterjee said.