Magazine : 
Indian Businesses Run by Woman Entrepreneurs May Witness 90% Growth in 5 Years
EdelGive Foundation, a philanthropic organization’s study has revealed that about 13 states has close to 80 percent of women, from semi urban and rural India, has witnessed a significant improvement in their socio-economic and cultural status after setting up an enterprise.
The study projects that businesses owned by woman entrepreneurs are expected to grow 90 percent in five years in India, in comparison to similar businesses in the US and the UK where expected growth trends range from 50 percent to 24 percent, respectively, during the same period.
However, EdelGive’s national study mainly focuses on the challenges, socio-economic security and family wellbeing outcomes of woman entrepreneurs, impact on health, these provides a complete overview of woman entrepreneurs and the ecosystem within which they thrive.
Women surveyed also displayed a greater sense of independence and confidence. The study is part of EdelGive’s UdyamStree Campaign that is targeting to augment the entrepreneurial spirit in women and plot woman entrepreneurship as one of the main pathways to boosting women’s economic empowerment in India.
Furthermore, the study has also unveiled that there are still significant gaps in terms of financial knowledge and resources available for women entrepreneurs along with marketing, production, technological and socio-cultural hurdles faced by them. Regardless of several government schemes and policies supporting woman entrepreneurship, the uptake of such schemes by woman entrepreneurs is noted to be pretty low.
Out of the woman entrepreneurs surveyed, only one percent of women have availed of any government scheme and the main reason behind this is that about 11 percent are aware of any schemes. Lack of awareness about financial aids and schemes, perception of the process to use these schemes as ‘complex’ and having no assets to put on mortgage, non-availability of required documents, were a few of the inhibiting factors behind this.
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