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Women Entrepreneurs- Definition Profile of a typical women entrepreneur Personality differences between Men & Women Male vs. Female Entrepreneurs – A Comparison Professional Women: Problems & Perceptions Barriers to Women Entrepreneurs How can the problem be overcome? Schemes for Women Entrepreneurs
Definition An enterprise owned and controlled by one or more women having a minimum financial holding of 51% or more. giving 51% or more employment to women Some Facts: Women Constitute not only half of the World’s population but also sway the growth of the remaining half They produce half of the world’s food supply They account for 60% of the work force Own less than 1% of the real estate .Entrepreneurship Management Women Entrepreneurs.
cash flow management.Entrepreneurship Management Profile of a typical women entrepreneur First born child of middle class parents Atleast one of the parents are self employed College educated Married First significant venture in early 30s Previous experience in a new venture Desire for independence and job satisfaction Self confident and moderate risk taker High tolerance for ambiguity High energy levels Start up problems: Obtaining credit. taxation. personnel management . access to information. marketing. lack of experience in financial planning.
Entrepreneurship Management We need to understand… • Whether women can contribute significantly towards the national economy • Do they have equal potential? • If so. why are there fewer women entrepreneurs today? • What are their difficulties? • How can we address them? .
aggressive. hard working etc as their male counterparts . risk takers. the exploitation and subjugation of women is commonplace Women are equally achievement oriented. self confident.Entrepreneurship Management Personality differences between Men & Women In a patriarchal society like that of India. independent.
as compared to male entrepreneurs Women tend to work more in teams Are less self-centered Personal ego to them is less important for them than success of the organization or business idea they are pursuing It is a known fact that personal characteristics as well as social aspects clearly play some role in developing entrepreneurship but entrepreneurs can also be developed through conscious action . Female Entrepreneurs – A Comparison Women Entrepreneurs do things differently.Entrepreneurship Management Male vs.
one finds that reasons are actually different from the commonly attributed “lack of commitment and competence” on part of women professionals The underlying reasons are more related to the social reality of Indian women which imposes certain socio-cultural role-models & stereotypes leading to a conditioning of people’s psyche .Entrepreneurship Management Professional Women: Problems & Perceptions When one tries to explore the root cause of the underachievement of women as professionals.
signature of husband required for loan Women discriminated in terms of access to economic resources Financial Women look for security Economical Women get less education Women lack support for household work SocioCultural Independent thinking is not allowed to women Violence against women by husband Limited mobility – problems with the marketing. women entrepreneurs are not accepted . transportation & selling of goods In male dominated industries.Entrepreneurship Management Barriers to Women Entrepreneurship Level Individual Barriers Household /Family Men decide about expenses Business Less income= less property= no security= no loan Lack of management know-how Community/ Government In some countries.
do not dare to demand rights Women are divided Women are afraid to be more successful than men/husba nds State views men as the ones who publicly represent the family . not politically Women have got less influence and negotiation power in the family Less means to exert power/less protection by the state for women entrepreneu rs Lack of knowledge about women Entrepreneurs to be able to develop appropriate policies Community/ Government Psychological Philosophical Low selfesteem.Entrepreneurship Management Barriers to Women Entrepreneurship Level Individual Household/ Business Family Barriers Political-Legal Women act privately.
etc.Entrepreneurship Management How can the problem be overcome? Women have to go through the same stages of setting up an enterprise as do men They face similar challenges. support systems. which will help them . unfavorable infrastructure. irrespective of gender based social impediments like social stigma. which block their entry and reduce their pace of growth The need today is to help women overcome these blocks and draw maximum participation from them to set up enterprises.
Entrepreneurship Management How can the problem be overcome? Educate/train the women entrepreneurs Help then in setting up of home based businesses Make easy finance available Develop special schemes for women entrepreneurs Achieve self reliance and place women entrepreneurs at par with their male counterparts Develop gender sensitivity Examine the processes of gender inequality Acquire skills of identification of potential women entrepreneurs .
but a process that has to bring about intrinsic changes in women as well as in men When women get organized and raise their consciousness about their disempowerment and use their critical understanding to organize themselves and struggle for greater access to resources.Entrepreneurship Management Empowerment is not only an external process. there are very few problems they could face .
Entrepreneurship Management Schemes for women entrepreneurs Seed capital scheme National equity fund Prime minister’s employment guarantee scheme Single window scheme DIC scheme KVIC scheme Bank schemes for women entrepreneurs Mahila Arthik Vikas Mahamandal (MAVIM) Mahila Udyog Nidhi and Mahila Vikas Nidhi Priyadarshan Yojana .
7 years .Entrepreneurship Management Seed Money Assistance Funds for unemployed youth and women aged 18 to 35 years.5 Lakh Assistance percent is 10% to 15% of total fixed capital. VII th pass @ 10% Maximum seed capital available Rs. 22. with minimum qualification.Std.5% for backward classes Repayment period.
X th pass Assistance by way of loans up to 95% of project cost 15% subsidy is made available Subsidy of up to 15% or Rs. whichever lesser provided by government of India Parents of the candidates cannot have annual income exceeding Rs.7. with qualification.500.Entrepreneurship Management Prime Minister’s Employment Guarantee Scheme Maximum age of 35 years.24.000 .
Entrepreneurship Management DIC scheme Encouragement to start women entrepreneurship in areas with population of less than Rs.2 Lakh is allowed 20% of this investment is granted as seed capital For backward classes. 1 Lakh Investment in machinery up to Rs. the seed capital is up to 30% The interest rate is 4% Remaining capital needs to be financed by banks/financial institutions .
Entrepreneurship Management Single Window Scheme Scheme by SIDBI to provide fixed and working capital from a single source Project cost excluding working capital and margin money. can go up to Rs. 20 Lakh Repayment period-10 years Founder’s capital.Minimum 25% .
Entrepreneurship Management Mahila Arthik Vikas Mahamandal (MAVIM) Established on the 24th February. training them in various product and service industries. Ramai Mahila Shakshamikaran (SCP). Rashtriya Samvikas Yojana (RSY).1975 Schemes: Maharashtra Rural Credit Programme (MRCP). Swayamsiddha Programme (IWEP). Krushi Saptak Yojana and Tribal Development Project (TSP) Activities/objective: Self employment of women. NABARD Add-On Project. Mahila Swavalamban Nidhi (MSN). Swarna Jayanti Gram Swarozgar Yojana (SGSY). assisting them to start business and manage it .
Entrepreneurship Management Mahila Udyog Nidhi and Mahila Vikas Nidhi Started by SIDBI in 1990 Provides finance up to Rs.10 Lakh through state financing corporation and SIDC Financial assistance provided as concessional rate Mahila Vikas Nidhi also provides assistance in training women entrepreneurs .
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