Women Entrepreneurship Development in India: Challenges and Suggestions

Abstract

In the era of globalization, womenareplayinganimportantroleinthe economic development of India. Theyare introducing innovative ideas in product development, marketing management. Their contributionin increasement of GDP and per capita income cannot be ignored. The Govt. of India is trying to increase the number of women entrepreneurs by providing entrepreneurial training as well as launching numerous incentive schemes. However, women’s involvement in entrepreneurship remains an issue, and it is inevitable to investigateand find the reasons for the lesser number of women in entrepreneurship. The status of womenentrepreneurs in Indiaisdisclosedinthisreport.Thepaperdiscussesabout the position of women entrepreneurs and thechallengesfacedby them to be anentrepreneuraswell as after being anentrepreneur.

Introduction

Entrepreneurship is a vital driver of economic growth and women’s empowerment, as it creates jobs, fosters innovation, and improves living standards. Women entrepreneurship involves women managing businesses by organizing resources, taking risks, and making decisions. In India, a woman entrepreneur is defined as someone owning and controlling at least 51% of an enterprise and employing at least 51% women.

Women entrepreneurs are motivated by independence and achievement, but many face socio-economic challenges, including cultural restraints, family priorities, lack of vocational skills, financial barriers, low self-confidence, and limited access to government schemes. Despite progress and increased education, women in India have yet to fully realize their entrepreneurial potential.

Research shows women participate less in registered enterprises and face hurdles like marketing difficulties, lack of training, and unequal opportunities. Government initiatives and schemes aim to support women entrepreneurs by providing financial aid, training, and infrastructure. However, development is uneven across regions, and rural women often lack adequate support.

Women entrepreneurship benefits the economy by generating jobs, contributing to GDP growth, fostering innovation, and promoting social empowerment and financial independence. Various organizations, both governmental and non-governmental, work to support and develop women entrepreneurs through training, funding, and networking.

To further empower women entrepreneurs in India, overcoming cultural barriers, enhancing skills, increasing access to finance, and spreading awareness of supportive schemes are crucial.

Conclusion

Every problem has a solution, and it is commonly assumed that each problem has two solutions. First, accept them, and if you can\'t, modify them. A female entrepreneur encounters numerous challenges. However, if we continue to accept these obstacles, the progress of women\'s entrepreneurship would be impossible. To foster women entrepreneurship in India, focus on improving access to education, finance, and resources, while simultaneously addressing gender barriers and fostering a supportive ecosystem. Specifically, encourage skill development, provide access to government schemes to promote networking and mentorship opportunities.

References

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Copyright

Copyright © 2025 Dr. Rameshwar R. Gaikwad, Dr. Sandip B. Vanjari, Mr. Pratik Jaiswal. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.