New Delhi, Oct. 15 -- Delhi Chief Minister Rekha Gupta on Tuesday announced a new initiative to extend collateral-free loans of up to Rs 10 crore to entrepreneurs, with a special focus on empowering women in business.

Speaking at the launch of the report titled 'Enhancing Female Entrepreneurs in the MSME Sector in India', released by the Pahle India Foundation at the Ambedkar International Centre, Gupta said that expanding women's participation in the workforce is vital for India's sustained economic growth, according to Business Standard.

"With this scheme, our entrepreneurs can achieve their goals through their ideas and hard work, with government support," she said.

The initiative, she added, aligns with the Delhi government's broad...