Problems And Satisfaction Of Women Entrepreneurs

In the fast-growing economy like India, entrepreneurs contribute a great deal

towards economic development by offering goods and services at affordable prices to the

ultimate beneficiaries, by generating necessary revenue to the government by payment of

taxes, by introducing innovative technology for manufacturing quality goods at a cheaper

cost, reduce country's balance of payment and increases the Indian rupee value by exporting

more goods, offers ample employment opportunities to the unemployed youth thereby

unemployment gap may be reduced to a maximum extent, by exploring opportunities and

utilizing the available natural resources optimally for the national wellbeing. Women

entrepreneurs equally contribute to GDP. Amitabh Kant, Chief Executive Officer of Niti

Aayog rightly pointed out that in India only 20 per cent are Women Entrepreneurs and their

contribution towards the country's GDP stood at 22 per cent. He also further stated that the

promotion of a larger number of women entrepreneurs will assist our country to grow by

9 to 10 per cent annually in the next three decades.

Women entrepreneurs not only act as a breadwinner of their family but also

contribute their level best for economic progress. A recent World Bank study report

indicates that India's overall GDP may touch double digit, if more women members

involve in entrepreneurial activity (Vinay Pal Singh, 2018). To attain this objective, both

Central and State Government quite often introduce various schemes and offer various

subsidies and incentives to entrepreneurs in general and women entrepreneurs in particular.

Moreover, the Government insists banks and financial institutions extend soft loan assistance

to needy women entrepreneurs liberally. As a result of various initiatives taken by the

Government, presently in India 1,23,90,523 Micro Small Medium Enterprises (MSMEs) are

owned by women entrepreneurs. Of which, 12,85,263 MSMEs are owned by women

entrepreneurs in Tamilnadu (MSME Annual Report 2019-2020).