Indian women are an embodiment of strength and perseverance. Women have achieved several prominent positions, defied traditional norms, overcome barriers to for an equitable access to employment and entrepreneurial opportunities. Despite challenges, and many a time the transition from policies to effective implementation of women centric laws to enable women to be economically empowered remaining ineffective, women have rose against these drawbacks and evolved as a symbol of change.
There exists a host of agencies in India both at the centre and state level to promote women entrepreneurship in India. Federation of Indian Women Entrepreneurs (FIWE), Small Industries Development Bank of India (SIDBI), Khadi and Village Industries Commission (KVIC), Micro, Small and Medium Enterprises Development Organization (MSME-DO), National Bank for Agriculture and Rural Development (NABARD) and International Centre for Entrepreneurship and Career Development (ICECD) all have segments of policies to cater to women entrepreneurs. Besides these, India has several promotional and regulatory policies which provide a blue print to assist women led enterprises.
Several states like Kerala, Tamil Nadu, Goa, Haryana have significant schemes for development of entrepreneurs. In 2010, The National Mission for Empowerment of Women was launched by the Government of India in order to strengthen overall processes that promote all-round development of women. So, we do have storehouse of schemes, policies, programmes for empowering women entrepreneurs.
But the other side of the coin reveals that women entrepreneurs face financial and market related challenges the most in establishing and sustaining their enterprise. According to a study by Women’s Web, 55% of entrepreneurs surveyed stated that it was difficult to start a business if they are women. 60% of women entrepreneurs had started an enterprise with a capital of under Rs1, 00,000 and their personal savings.
Majority of women entrepreneurs do face several challenges. Policies and programmes many times do not penetrate at the right time. Voluminous paper work, nitty gritty of financial institutions are key factors which dissuades women entrepreneurs to either start a venture or use existing resources to sustain.
WomeninBusiness is the platform which aims to provide these useful linkages, help in sustaining and providing an interface with clients directly. WomenInBusiness, an extended initiative of GharSeNaukri is a one stop portal which aims to be a knowledge partner, mentor and market for women entrepreneurs. It’s time women give concrete shape to their dreams. Challenges will be many, but every challenge has a solution. We at WomenInBusiness shall enhance your creativity and together embark on a journey of self-realization and achievement.