Facebook India has launched its (corporate social responsibility) CSR initiative, Facebook “Pragati” to promote women entrepreneurship in India. Facebook Pragati powered by N/Core (The/Nudge Centre for Social Innovation).
The initiative will incubate and accelerate early-stage women-led non-profits that are working to drive women entrepreneurship and to spread awareness and adoption of technology among women in India. Facebook Pragati will award four grants of up to ₹50 lakh for each non-profit to scale their work. The programme will work on building second-tier capacity within the non-profits, with a series of functional mentors across marketing, HR and technology. Apart from creating sustainability, this will also allow founders to spend time on strategic growth, resulting in scaling up faster.
Important takeaways for all competitive exams:
- CEO of Facebook: Mark Zuckerberg.
- Facebook Headquarters: California, US.