Role Of Women Entrepreneurship In The Indian Economy

The Role of Women Entrepreneurship in shaping Indian Economy

*Nauma Rafique, **Achala Dadhichi

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ABSTRACT:

Indian society has always believed that women have their best in managing the household affairs, but the skills behind t are have never been identified and appreciated. They are the manager – growth-engine. Skills such as multitasking , ability to handle the stressful situations with patience, risk taking as well as motivating people, knowledge of winning over the hurdles gracefully . With the changing cultural norms , increase in literacy rate and advent of media more and more women are becoming aware of their own

But overall economic development of any society in not possible without social and economic development of women. Entrepreneurship is an important driver of economic growth, productivity, innovation and employment. Women entrepreneurs can be defined as the women who organizes, undertakes risks, initiate and operate a business enterprise. As per the Government of India, a women entrepreneur is the one who owns and controls an enterprise having a minimum financial interest of 51 percent of the capital and giving at least 51 percent of the employment generated in the enterprise to

• Access to capital is difficult for a woman. It is not easy to obtain finance from a bank or financial institution. Even if they get the finance, it’s a complex task for them to handle the loan.

• They don’t get valuable entrepreneurial support from family, society and industry which is required to flourish.

• Lack of entrepreneurial education and technical training needed for the venture is another obstacle in their success path.

• Another problem is poor infrastructure and dealing with male counterparts.

PRESENT STATUS OF WOMEN ENTREPRENEURSHIP IN INDIA

In India, women work participation is low compared to other countries. Women work participation in India is approximately 31.6% whereas in USA, it is 45%, UK 43%, Canada 42%, France 32%, Indonesia 40%, Sri Lanka and Brazil both 35%.

Summary Results of Fourth All India Census of Micro, Small and Medium Enterprise sector with reference to women participation (in