Women Entrepreneurship Development in India: Prospects and Challenges

Abstract

Women's entrepreneurship is critical for all countries. If we wish to compete with developed countries, men and women must participate equally in all activities. Women's entrepreneurship is a growing notion these days, offering the world a new definition. Women are demonstrating their potential in various sectors, competing on an equal footing with men. Women's entrepreneurship is becoming more popular in India, especially among the younger population.The government's policies and institutional framework for fostering entrepreneurial skills and vocational training have broadened the scope of women's economic empowerment. In order to give skill training, vocational education, and entrepreneurial development to the developing labour force, the Indian government created the National Skill Development Policy and National Skill Development Mission in 2009.Although there are many successful women entrepreneurs in India in both social and economic spheres, women still account for barely one-third of all economic firms. Women's entrepreneurship is not solely the responsibility of the government; other members of society must share the burden. Women are described as expressions of Shakti in Hindu religion in India.This study attempts to focus on the issues and problems that women entrepreneurs encounter, as well as to analyze government regulations and problems that they confront when starting a firm.