Women Economic Empowerment through Multiple Enterprises in India (original) (raw)
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Micro, Small and Medium Enterprises (MSMEs) have been playing an important role in the overall economic development of a developing country like India, where millions of people are unemployed or underemployed. MSMEs seem to be a small and insignificant part of the economy but employ 40% of the total population of India i.e. for the second largest workforce after agricultural sector. They constitute of 90% of the total industrial units and are responsible for 45% of industrial output and 40% of the total exports. Their labour intensive nature and even geographical distribution results in employment opportunities for both self-employed and job seeking people promoting equity and inclusive growth. The development of this segment is extremely critical to meet the national imperatives of financial inclusion and generation of significant levels of employment across urban, semi-urban and rural areas of the country. Further, it can nurture and support development of new age entrepreneurs who have the potential to create globally competitive businesses from India. In Modern India, more and more women are taking up entrepreneurial activity especially in MSMEs. Women across India are displaying an attentiveness to be economically independent. They have imprinted a niche for themselves in the male dominated world. Indian women well manage both burden of work in household front and meeting the deadlines at the work place. Gender equality and economic development are the two sides of the same coin. This sector has been regarded as engine of economic growth and social development in regional and national level. This paper mainly focuses on the contribution of MSMEs to the Indian economy in terms of economic growth, employment generation, fostering equitable and enhancing potential industrial base for women entrepreneurs in the country. The paper also analyses that despite some infrastructural deficiencies, lack of skilled persons and inadequate market linkages, but this sector has registered remarkable success with regard to increase in number, quantum of investment, scale of production, export promotion and overall contribution to national GDP, and the problems & challenges which are faced by women entrepreneurs in India. It also focuses on initiatives taken by the government for women entrepreneurs.
The picture of women as home makers who has little to do with economy or commerce is changing in modern India. More and more women are taking up entrepreneurial activity especially in micro, small and medium scale enterprises but the transition from homemaker to sophisticated business woman is not that easy. Though the entrepreneurial process is the same for men and women, there are however, in practice, many problems faced by women, which are of different dimensions and magnitudes that prevent them from realizing their full potential as entrepreneurs. The primary objective of this research article is to portray the socio economic issues, motivating factors, problems and challenges faced by women entrepreneurs in various MSMEs which contribute to a country's development, help reduce poverty and promote self-reliance among people. This research paper has four sections. First section deals with the introduction, second section deals with the historical perspectives, reasons, categ...
It has been recognized globally that investing in women-owned SMEs is one of the quickest ways to change the trajectory of a country’s economy. In the developing countries women entrepreneurship are an “untapped source” of economic growth. Recognising this, many countries now focus on designing policies that enable more and stronger start-ups and business growth and provide for capacity-building of women’s entrepreneurial skills, strengthening women’s networks, providing finance and trainings, and so forth. All countries of the HinduKush Himalaya region and South Asia have initiated numerous policies and regulations to support women SMEs, which is improving the prospects of women SMEs. More women are entering business and many women entrepreneurs are taking advantage of the resources and opportunities that are available now, and also breaking glass ceilings. However, constraints and challenges that prevent women SMEs to operate profitably in the market and scale-up still remain. The most glaring constraint is the lack of access to capital and credit. This of courses is linked to women’s lack of property and inheritance rights, which is due to the gender discriminatory socio-cultural norms and practices that still prevail in all the countries. The situation is further compounded by contextual factors such as discriminatory laws and institutions that limit women’s control over assets and property, safety and security concerns, and difficulty in accessing childcare. Furthermore, the policies and regulations to support women SMEs, seems to be benefiting only a small section of women i.e. the urban middle class women, with the vast majority of rural and poorer women left out. Women’s entrepreneurship is not just about entrepreneurship, but is also about, and closely related to, women’s position in society. As long as the gender system and social structure in the society are not transformed, freeing women from discriminatory norms, practices and attitude that make them solely responsible for household and care responsibilities and bind them the private domain, women cannot flourish as entrepreneurs.
PERFORMANCE OF WOMEN ENTREPRENEURSHIP IN INDIA
Women entrepreneurs' play an important role in local economies and a large percentage of micro-enterprises in developing countries are undertaken by women. Rural women frequently have primary responsibility for agricultural production, in addition to domestic responsibilities and childcare. In developing country like India where economic status of women is very pathetic especially in rural areas and opportunities of earning are very less in this scenario the Self Help Groups (SHGs) have paved the way for economic independence of rural women. This paper reviews concisely the literature in this field and addresses in particular opportunities and challenges faced by women entrepreneurs in rural areas. It examined the impact on women empowerment through micro entrepreneurship development and SHGs. Women entrepreneurship has been recognized as an important source of economic growth as they create new jobs for themselves and others and also provide society with different solutions to management, organization and business. Women's entrepreneurship contributes to the economic well-being of the family and communities and also reduces poverty. The growth of Self-Help Groups (SHGs) is an evidence of the fact that women are coming out of their shells and maintaining their citizenship in the city. This study is carried out with the specific objective to know the socioeconomic background of the women SHG's, their knowledge, skills and earning capacity. The present paper discloses the challenge of women in entrepreneurship and also it focuses on their development in brief.
A CASE STUDY ON WOMEN ENTREPRENEURSHIP AND THE OPPORTUNITY TO PROMOTE INDIA'S DEVELOPMENT
TRANSSTELLAR JOURNALS, 2018
The Women Entrepreneurship plays a significant contribution to promote India's development. India has always been a land of entrepreneurs and also occupied a strategic position in the Indian economy and gaining importance in India in the current economic condition. This paper focuses on the areas of meaning and definition of entrepreneurship, concept of women entrepreneurs in India, problems & challenges of women entrepreneurs. Also it highlights on the list of successful business women entrepreneurs both in the field of social and economic in entrepreneurship development in India. It has been identified as an effective step toward poverty alleviation in the country. The increasing presence of women in the business field as entrepreneurs has led to the change in the demographic characteristics of business and India's economic growth. Women-owned enterprises are playing a prominent role in the society, inspiring others and generating more employment opportunities in the country to promote a balanced growth in India, there is a need for sustainable growth of women entrepreneurs. India is a well planned, structured holistic approach where equal responsibility is taken by the society and government in fostering the growth of women entrepreneurs.
Women Entrepreneurship in India: An Insight into Problems, Prospects and Development
International Journal of Engineering Research and, 2020
Development has economic, social and political dimensions and is incomplete without the development of women who constitute about 50 per cent of total population. So, contribution of women is essential in economic activities for healthy nation building. When we speak about the term “Women Entrepreneurship” we mean, an act of business ownership and business creation that empowers women economically, increases their economic strength as well as position in society. Hence women-entrepreneurs have been making a considerable impact in all most all the segments of the economy which is more than 25% of all kinds of business. As per statistics it is known that in well-developed economy women is having freedom to develop as an entrepreneur, they are having equal priority as equal as man, but in developing economy and under developed economies women are facing different types of problems. Development of women has been a policy objective of the government since independence. Women were given p...
Role of Women Entrepreneurship in India -Women Empowerment
IJTSRD, 2020
In India, status of women has changed over the years. Today we see women in all walks of life but still there are many who are far from forces of modernization. Modern Indian women illustrate transition from homemaker to sophisticated business women. An attempt has been made in this paper by author to analyze role of women entrepreneurship in the economy and their contribution to the society. This paper explores how women entrepreneur contribute to women's empowerment and help to achieve gender equality. Entrepreneurship is male dominated activity since early ages, with the changing times, this percept has changed. Women entrepreneurship development is an important factor in economic development of India. Women's economic empowerment is crucial to realize women's rights and gender equality. Modern women are seen in all economic fields like trade, agriculture, industry, medical and engineering besides new sector of defense. Women empowerment raises productivity, increases economic diversification and brings income equality.
Journal of Student Research, 2022
The lack of women's economic participation and financial independence is a major contributor to gender inequality in India. The creation of women-owned MSME businesses in the cottage and F&B industry not only provides women with job opportunities, but also empowers them in the sense that they no longer need to be socioeconomically subordinate to their male representatives. Towards this need, the aim of this study was to understand the factors that impact the financial independence of India's urban-based women entrepreneurs owning small F&B businesses, as well as evaluate the impact of entrepreneurship on their social and economic empowerment. The sample set of the data were 21 urban India-based female entrepreneurs, between the ages of 20-60 years of age, owning small (less than 10 employees) businesses. The interviews and surveys were conducted in English, and over online video call and messaging softwares (Instagram, WhatsApp and Zoom). Under the qualitative portion, each participant was subjected to an in-depth 1-hour interview in which they elaborated on their personal entrepreneurial journey, as well as the entrepreneurship's impact on their emotional and economic empowerment. Under the quantitative approach, an online survey asked respondents to rate the importance of several factors on the profitability of their business venture. The results of this research study have established that the creation of MSME enterprises results in a statistically significant increase in Indian women's financial independence and social empowerment. While the 95% entrepreneurs aspire to upscale their business ventures, they are being held back by a lack of access to mentorship from experienced entrepreneurs and financial support. Qualitative analysis evidenced the ability of entrepreneurship to socially empower Indian women, through the formation of a professional identity, as well as newfound economic self-sufficiency. These findings imply that entrepreneurship is a tool that can be leveraged by government and non-profit organizations in order to radically increase Indian women's financial independence and economic participation, leading to an increase in social empowerment as well.
Women entrepreneurship in India
International journal of health sciences
Women Entrepreneurship plays an important role in industrial development. Women entrepreneurship is closely connected with instrumental societal and economic benefits. Not only have women lower contribution rates in entrepreneurship than men but they generally choose to start and manage firms unconcerned industries than men tend to do. In modern India, more women are taking up entrepreneurial activity especially in micro, small and medium scale enterprises. Women in India are showing an interest to be economically independent. Gender equality and economic development go hand in hand. The development is further visible among high families in urban areas. Rural women have primary responsibility for agricultural production, additionally to domestic responsibilities and childcare. In developing countries like India where the economic position of women is really pathetic especially in rural areas and opportunities of earning are very less. To sustain within the reasonable market, busine...
WOMEN ENTREPRENEURSHIP IN INDIA –PROBLEMS OF WOMEN ENTREPRENEURS
The aim of this study is to discuss the issues regarding women entrepreneurship in India. Women are considered as weaker sex and always made to depend on men folk in their family and outside, throughout their life. The Indian culture made them only subordinates and executors of the decisions made by other male members, in the basic family structure. Further, investing in women is one of the most effective means of increasing equality and promoting inclusive and sustainable economic growth. Women owned businesses are highly increasing in the economies of almost all countries. The hidden entrepreneurial potentials of women have gradually been changing with the growing sensitivity to the role and economic status in the society. Skill, knowledge and adaptability in business are the main reasons for women to emerge into business ventures. "Women Entrepreneur is a person who accepts challenging role to meet her personal " needs and become economically independent