Women Entrepreneurship: An Economic Role in Indian Society

Abstract

Women Entrepreneurship and Women empowerment are considered as an important tool in eradicating poverty and unemployment. Now a day’s Women empowerment has become a buzzword. Empowerment of women may not be feasible just by creating employment opportunities for them. The need of the hour is to inspire them to set up their own enterprises. Traditionally, women have been on stage, by playing a crucial role in the management of the family as well as in the society. But their job has not been duly recognized.  Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to take good new ideas to market and make the right decisions to make the idea profitable. The reward for the risks taken is the potential economic profits the entrepreneur could earn. Technically, a "women entrepreneur" is any women who organizes and manages any enterprise, usually with considerable initiative and risk. However, quite often the term "women-owned business" is used relative to government contracting. In this instance, the entrepreneur (a woman) owns (more than 50%), controls and runs the enterprise. The present study has been an attempt to generate awareness and to understand meaning, rationale for diversification. An extensive literature review is done on women entrepreneur. At the end some major problems faced by Indian women entrepreneurs, success stories of Indian women entrepreneurs, factors influencing women entrepreneurship and steps taken by the government for upliftment of Indian women entrepreneurs.

Keywords: Women entrepreneur, diversification, Indian women entrepreneurs, success stories, women entrepreneurship, Indian government