80% of women entrepreneurs self-finance their biz in India

Image
Press Trust of India New Delhi
Last Updated : Nov 21 2017 | 7:10 PM IST
Notwithstanding the various government schemes that provide financial aid, 8 out of 10 women entrepreneurs across the country are self-financing their businesses, says a report.
According to a report by sheatwork, a knowledge hub for women entrepreneurs, self finance is a major source of funding for 80 per cent of women entrepreneurs.
"While significant efforts have been made by the central and state governments as well as independent agencies through the years in India, there still exists a huge gap in awareness and promotion levels of women entrepreneurship," sheatwork.com founder Ruby Sinha said.
A state-wise analysis shows that, Goa, Jammu & Kashmir, Karnataka, Rajasthan and West Bengal have emerged as top five states offering the maximum number of schemes for women entrepreneurs.
Further, Andhra Pradesh, Karnataka, Kerala and Tamil Nadu along with West Bengal have the highest number of women entrepreneurs in the country with a majority in small and medium sized businesses, the report said.
Sector-wise, the education sector sees the maximum number of women entrepreneurs followed by financial services, insurance, livestock, forestry and lodging.
Interestingly, the Northeastern states of Arunachal Pradesh, Meghalaya and Nagaland have lesser overall number of women entrepreneurs but the ratio of male to female entrepreneurs is very strongly favoured towards women.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 21 2017 | 7:10 PM IST

Next Story