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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.
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.
Women represent a growing sector of social entrepreneurs. Gailey and Bhatt Datta write that women are often driven to entrepreneurship in order to feel empowered in their own circumstances because they want: "(1) Access to resources, including preconditions; (2) agency, including process; and (3) achievements, including outcomes." [4]
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.
The Women-gov project in Brazil and India, for instance, has helped women improve their understanding of and communication with local government via ICTs. [34] In Brazil, the project trained female community leaders to access and utilize online data on government health services to better respond to public health concerns in their communities.
Kiran Mazumdar-Shaw (born 23 March 1953) is an Indian billionaire entrepreneur. [3] She is the executive chairperson and founder of Biocon Limited and Biocon Biologics Limited, [ 4 ] a biotechnology company based in Bangalore , India [ 5 ] and the former chairperson of Indian Institute of Management, Bangalore . [ 6 ]
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.