Friday, May 7, 2021
Home Business Indian Women Entrepreneurs Likely To Witness 90 Percent Growth

Indian Women Entrepreneurs Likely To Witness 90 Percent Growth

Despite several government schemes and policies supporting women's entrepreneurship, the awareness is quite low -- only 11 percent

Businesses owned by women entrepreneurs in India are likely to witness a 90 percent growth in the coming five years, compared to the US (50 percent) and the UK (24 percent), according to EdelGive Foundation Report. The study, conducted across 13 states, focuses on the challenges, impact on health, socio-economic security, and family well-being outcomes of women entrepreneurs, providing a complete overview of women entrepreneurs and the ecosystem within which they thrive.

Around 80 percent of women, from semi-urban and rural India, feel a significant improvement in their socio-economic and cultural status after starting an enterprise.

Follow NewsGram on LinkedIn to know what’s happening around the world.

“Women in India are leading a cultural revolution — building their businesses, paving the way for future aspiring women entrepreneurs. Their role is pivotal in enhancing the economic growth of the country, employment generation, and industrialization,” Vidya Shah, Executive Chairperson of EdelGive Foundation, said in a statement.

ALSO READ: Women’s Empowerment Showcased Through Dairy Sector In UP

“The adoption of policies and implementation of schemes that provide appropriate training, incentivization, economic and cultural recognition is key to the success of women entrepreneurs in India,” Shah added. However, there are still significant gaps in terms of financial knowledge and resources available to women entrepreneurs along with marketing, production, technological and socio-cultural challenges faced by them.

Despite several government schemes and policies supporting women’s entrepreneurship, the awareness is quite low — only 11 percent. Thus, the uptake is just 1 percent, the report showed. Lack of awareness about financial aid and schemes, non-availability of required documents, perception of the process to use these schemes as ‘complex’, and have no assets to put on the mortgage, were some of the inhibiting factors behind this. (IANS/SP)

STAY CONNECTED

19,511FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

Black Fungal Infections Can Turn Dangerous If Left Untreated

Mucormycosis, also known as black fungus, can turn dangerous if left untreated, doctors said on Friday amid reports of re-emergence of the rare deadly...

How Fast Payout Casino Works

Online casino game sites use and accept different payment methods. The depositing process is simple and takes just a few seconds, but the online...

The Ancient Maya: History And Culture

By- Khushi Bisht Civilizations refer to a dynamic lifestyle that developed as humans started to build advanced and urban societies. From the Mesopotamians to the...

What’s Next In Podcast World 2021?

Let us take our chances and say that you are tempted to skip reading this entire article, apart from the key pointers. But imagine...

Fix Your Gummy Smile By These Treatment Options

Everyone tends to experience something they are self-conscious about. For some people, a gummy smile which is known as an excessive gingival display is...

Participate In Fitness Challenges And Win Some Great Prizes

As the pandemic continues to grip the country, it is becoming challenging for us to keep our spirits high. Fitness is no longer a...

Study: COVID Precautions Causing Dermatitis In Two-Thirds Of The Population

More than two-thirds of people may now have hand dermatitis due to stringent hand washing and using alcohol-based rubs during the Covid-19 pandemic, indicating...

Natural Herbs For Stress And Anxiety Relief

The ongoing Covid-19 pandemic has struck both people's mental health and physical health, with necessary protocols like social distancing and restricted mobility making the...

Recent Comments