“Never be limited by other people’s limited imaginations.”----- Mae Jemison
And this is what entrepreneurship is all about. Creating your own ideas into reality and taking a risk without getting intimidated by the world’s thinking and limitations. The bottom line about entrepreneurship is dreaming, thinking, and doing.
And in the race of this creation and evolution, the women's community is not far behind. The woman of today's era is not only moving forward to accomplish her own dreams but helping other women in achieving their desires too.
Almost every sector has an attendance of women entrepreneurs beyond any restrictions. From mainstream sectors like handicrafts, textile, agro-products, food-processing, etc. to extraordinary sectors like real estate, hospitality, tourism, pharmaceutical, etc. they are venturing into every possible and impossible industry in line with their talents.
Moreover, it's high time we all understand that the woman who can manage everything at home single handedly, can also handle the formation and running of a business successfully. And the innovative and creative part is out of the question when it comes to women. They are natural pros at it.
Want to know a fun fact? The female population is more inclined to be an entrepreneur than men, compared at 82.5% to 69.8%.
How have women entrepreneurs been rising in India in the last few decades?
So many women have started their own small and big businesses breaking the social restraints of the world. This step gives them the opportunity to achieve financial independence and eradicate the difference between men and women on the professional front.
With India being one of the largest and fastest growing start-up ecosystems in the world, the share of women entrepreneurs is also rising firmly. The increased access to several important resources is also making their progress smoother and also helping in the economic development of the country.
In a survey it has been discovered that around 20.37% of women in India are MSME (Ministry of micro, small, and medium enterprises) owners, contributing greatly to the Indian workforce at 23.3%.
The names like Falguni Nayar from Nykaa, Kiran Mazumdar Shaw from Biocon India, Vandana Luthra from VLCC, and many more are very inspiring examples to show the hike of successful businesswomen in India.
The government of India has introduced many development schemes which helped the women's community to soar high in the business world and their entrepreneurship journey. Some of those programs are mudra loan for women, Pradhan Mantri Rozgar Yojana, Mahila Udyam Nidhi Yojana, Udyogini scheme, etc.
Adding to this fact the leading tech and finance companies in India are also not far behind in facilitating and helping female business owners by partnering with them and investing in their firms and start-ups.
As we mentioned before, women entrepreneurs are not only making way for themselves but other people too. And this can be proved by a recent survey report showing that about 13.5 to 15.7 million enterprises in India are owned by women entrepreneurs providing employment opportunities to 22 to 27 million people.
A business irrespective of its size and scale has more in them other than the owner which includes employees, customers, suppliers, shareholders, etc. women who are known for building long-term relationships handles all these parties more conveniently than men. Here we get one more reason contributing to the success of women business owners.
The reasons women are getting attracted to entrepreneurship
Being a business owner gives women the opportunity to be their own bosses and follow their dreams and passion. After years of limitations of society, the females have decided to just go for what they want.
One most important reason for leaning women toward owning a business is getting financial freedom. We are in the year 2022 and clearly understand the need to not be dependent on anyone else. Especially women's community, and what's better than teaching that to other women too by leading national and international companies?
Entrepreneurship gives you recognition, doesn't matter how small or big it is. The sense of doing something, getting ideas out in the world, and inspiring others is enough.
It also helps in reducing gender inequality by bridging the gap between what is meant for men and women.
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