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In South Asia, women entrepreneurs lead 20% of social enterprises. [1] Women-led businesses provide economic empowerment especially in cultural contexts where women are not the main breadwinners. [3] [4] India, Pakistan, and Bangladesh all of which have seen a rise in social businesses in the last few decades. [1]
Even though female entrepreneurship and the formation of female-owned business networks is steadily rising, there are a number of challenges and obstacles that female entrepreneurs face. One major challenge for female entrepreneurs faces traditional gender roles that are structurally internalized by society.
The Women Entrepreneurship Platform (WEP) is a unified access portal [clarification needed] which brings together women from different regions of India, across economies to realize their entrepreneurial aspirations.
The Women's University of Science and Technology, which is the first all-women's university in Kenya, allows women to access higher education and entrepreneurial training. [32] These programs have empowered women to create small to medium-size enterprises, such as tailoring and bead-making.
This clearly indicates that the government has been undertaking proactive steps to converge the entrepreneurship in India towards development of rural women. [10] Through the 2nd phase of Pradhan Mantri Kaushal Vikas Yojana, around 68.12 lakhs of women had undergone skill training.
Stand-Up India was launched by the Government of India on 5 April 2016 to support entrepreneurship among women and SC & ST communities. Stand Up India Loan Scheme is a government initiative launched by the Government of India in 2016 to promote entrepreneurship and facilitate bank loans to Scheduled Caste (SC) / Scheduled Tribe (ST) and women entrepreneurs in the country.
E-Cell spearheaded the formation of Entrepreneurship Centre of the Institute which was launched at E-Summit 2014. National Entrepreneurship Challenge initiated by E-Cell IITB reaches out to 150 colleges, leading to the creation of more than 50 E-Cells in the country. In 2014, the first edition of The Ten Minute Million Challenge (TTMM) was held.
The Women Transforming India awards are an annual contest supported by the United Nations in India, Indian government website MyGov, and NITI Aayog (the National Institution for Transforming India). They honour "exceptional women entrepreneurs, who are breaking the glass ceiling and challenging stereotypes". [1] The first awards were given in 2016.