Definition
A women entrepreneur may be defined as:
“A woman or a group of women who start, organize, and manage a business
enterprise.”
The Government of India defines women entrepreneurs as those who own and
control an enterprise with at least 51% financial interest and provide at least 51%
employment to women.
Women’s participation in business is very important for economic development.
A country cannot progress if half of its population (women) does not take part in
economic activities.
In earlier times, women were mostly confined to household work.
Today, more women are coming forward to start businesses and contribute to
national growth.
Problems of Women Entrepreneurs:
1. Problem of Finance
Women usually do not own property in their name.
Because of this, banks hesitate to give loans.
They depend on personal savings or money from friends and relatives.
They often do not have enough working capital.
Shortage of funds limits business growth.
2. Limited Mobility
Women have many household responsibilities.
They find it difficult to travel far for business work.
Staying away from home for long periods is often not possible.
Their movement is restricted compared to men.
This affects business expansion.
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3. Lack of Education
Many women have low levels of education.
They may not be aware of new technologies and market trends.
Lack of education reduces confidence.
It also lowers achievement motivation.
As a result, business development becomes difficult.
4. Male-dominated Society
India is mainly a male-dominated society.
Women are often not treated equally as men.
They do not always have freedom in decision-making.
They usually need approval from male family members.
5. Low Risk-bearing Ability
Women generally avoid taking high risks in business.
They think carefully before making decisions.
This may slow down business growth.
6. Social Recognition
Society does not always give equal respect to women entrepreneurs.
Their achievements are often ignored.
They may not get proper support and encouragement.
Steps to Encourage Women Entrepreneurs:
1. Developing vocational and technical skills
2. Providing training and management development programmes
3. Organising seminars, workshops, and exhibitions
4. Helping women get financial assistance and loans