COMPREHENSIVE STUDY ON PROSPECTS AND CHALLENGES OF WOMEN ENTREPRENEURSHIP IN INDIA
Ashutosh Singh
Research Scholar
Department of Commerce, Christ Church College, Kanpur
ABSTRACT
This research study thoroughly examines the situation of female entrepreneurship in India, focusing on its evolution, present state, challenges, and promising prospects. It meticulously examines the socio-cultural, economic, and regulatory barriers women entrepreneurs face, as well as the significant, positive impact of government efforts and policy assistance specifically designed to support female-led firms. It also highlights the socioeconomic contributions of women entrepreneurs, particularly in terms of economic growth, social empowerment, and community development. The study concludes with a set of recommendations for improving access to funding, mentorship, regulatory reforms, and cultural change in India, all aimed at fostering a more conducive environment for women entrepreneurs. The findings highlight the significant advancements in women's entrepreneurship in India, characterised by burgeoning participation and expansion into diverse industries. Female entrepreneurs are not just making socio-economic contributions; they are also driving economic expansion, promoting social empowerment, and fostering community development. Despite these achievements, they face persistent obstacles such as socio-cultural impediments, budgetary limitations, a lack of guidance, and regulatory hurdles. However, the potential of women entrepreneurs to overcome these challenges and contribute even more to India's progress is immense. Addressing these issues through ongoing government assistance, legislative overhauls, inclusion in financial services, skill enhancement, and societal transformation is crucial for establishing a more comprehensive and vibrant entrepreneurial environment. The promotion of the economic and social advancement of women entrepreneurs is not just a necessity but a beacon of hope for achieving long-term and equitable progress in India.
Key Words: Women Entrepreneurs, Women Empowerment, Entrepreneurship
