Women Entrepreneurship Encouragement & Promotion: Tool for Economic Growth

Abstract

The entrepreneurial development is looked at as a tool for economic upgradation throughout the globe. The urge of economies to grow economically facilitates striving for more economic opportunities worldwide. The women in India estimates for nearly half the human capital which makes women a vital force for economic growth. The number of women engaged in formal economic activities for which they are paid is very less as compared to the total number of women who are of working age. The study emphasises on the need to promote women entrepreneurship in India. This paper focuses on highlighting the factors that encourage women entrepreneurship. The secondary data collected from journals, books, newspapers, published reports and internet is analysed. The data collected from 100 women entrepreneurs forms the basis for primary data analysis for the study. The paper presents the perception of women entrepreneurs towards performance of women entrepreneurs. The aspect of financial liberty of women as entrepreneurs observed. The initiatives taken by the government to promote women entrepreneurship in India are highlighted. The entrepreneurship of women can allow women to have at par economic and social status. The role women entrepreneurship plays in shaping the economy is pivotal and progressive.