Women Entrepreneurs: Opportunities, Challenges and Problems with Reference to India-An Analytical Review

Abstract

Entrepreneurship is a rapidly rising concern of a modern competitive economy and its contribution in economy is viably recognized worldwide. It plays a key role in the economic development of the country. Entrepreneurship is not only applies to men but also women. In today’s world, women entrepreneurs are playing very vital role and they have become important part of the global business environment and it’s really important for the sustained economic development and social progress. In India, though women are playing key role in the society, but still their entrepreneurial ability has not been properly tapped due to the lower status of women in the society. The main purpose of this paper is to find out the status of women entrepreneurs in India Therefore a ‘Women entrepreneur’ can be defined as “the Women or group of women, who initiate, organize and operate a business enterprise”. Like-wise the Government of India (GOI) has defined it as “an enterprise owned and controlled by a woman having a minimum financial interest of 51% of the capital and giving at least 51% of the employment generated in the enterprise to women”. Against all odds, Indian women cope up and emerged as successful entrepreneurs. Against this back drop, an exertion has been initiated to focus a bird’s eye view on the introduction, position of women Entrepreneurs in India, practical problems that are being encountered by them, their prospects and suggestions followed by a logical conclusion. On the basis of this study some suggestions are given to encourage spirit of women entrepreneurship to become a successful entrepreneur.