Institutions for women Entrepreneurs
Though there are a number of business women who have brought glory to their businesses at both national and international levels, it has been observed that in many cases initial efforts by women in business have been marred by a number of hindrance, in terms of financial bottlenecks, technical ignorance, lack of adequate marketing, operational skills, etc.
Because of these barriers, even a good business idea or initiative is aborted in its infancy. Hence, there is a need to provide a network of support system and knowledge base so that the women are able to break barriers that inhibit their growth.
Below Mentioned are the Institutions Supporting Women Entrepreneurs in India.
SIDBI stands for Small Industries Development Bank of India. It is a national level institution which extends facilities for growth of small scale industries. This organization has introduced two special schemes for small scale industries by women.
Mahila Vikash Nidhi
Mahila Udyam Nidhi
These 2 special schemes for women entrepreneurs provide equity and development assistance to women entrepreneurs.
They provide financial assistance to women to start entrepreneurial work in the field of Weaving, spinning, Embroidery, Knitting and block printing. Besides the above schemes SIDBI has lunched the following schemes to provide assistance to women entrepreneurs.
Marketing Development Fund for Women
Micro Credit Scheme
Women Entrepreneurial Development Programme
SIDO (Small Industries Development Organization)
The primary objective of SIDO is to conduct various programmes including Entrepreneurship Development programme for women.
This organization has introduced various development programmes in the areas of leather goods, TV repairing, screen printing and preparation of circuit boards.
CWEI (Consortium of Women Entrepreneurs of India)
This is a Voluntary organization consisting of NGOs and individual business enterprises. CWEI was formed in the year 2001 with the basis objective of providing technological up gradation facilities to women entrepreneurs. Besides extending technological up gradation facilities, it facilitates in the sphere of marketing and export support.
WIT (Women India Trust)
The promoter called Kamila Tyabji has taken initiative for establishment of WIT in 1968. The objective of this trust is to help women entrepreneurs. With the establishment of Kamila Trust in U.K., it has facilitated its members to market their product in London.
It has also extended export support to the countries like Europe, Australia and Germany.
SEWA (Self Employed Women Association)
This is trade union of women which was registered under Trade Union Act, in 1972. The primary objective of this organization is to empower women entrepreneurs in rural sector.
Most of members of this organization are originated from unorganized sector.
At present SEWA has shifted its operations from rural level areas to global level and receive substantial grant from international organizations like Ford Foundation and UNICEF.
SHGs. (Self Help Groups)
SHGs is regarded as an association consisting of small group of self employed women entrepreneurs.
The women entrepreneurs may be either from rural or urban areas. The primary objective of SHG is to take care of welfare of its associated members.
It provides financial assistance as welfare of its members through financial institutions and non-government organizations.
FIWE ( Federation of Indian Women Entrepreneurs )
FIWE came into existence in the year 1993 on the outcome of resolution in 7th International conference of women entrepreneurs.
It has helped women entrepreneurs in diversified activities through interaction with various women organizations and associations.
NABARD. (National Bank for Agriculture and Rural Development)
NABARD is an autonomous organization. The primary objective of NABARD is to provide liberal credit facilities to women entrepreneurs. The followings are some of essential characteristics of NABARD on liberal credit to women entrepreneurs.
It is launched to provide finance to SHG. It provides facilities on resources and training in NGO Formation.
It arranges training from bank official on formation of SHG.
It provides refinance to bank against lending to SHG
Who is the first woman entrepreneur in India?
The first woman entrepreneur is Kalpana Saroj, of Kamani Industries. The Lady has proved dreams can only become reality when you put your hard work and dedication. She is the inspiration for thousands of young girls who want to be like her.
How many women entrepreneurs are there in India?
Only about 14 percent of Indian women own or run businesses, according to the Sixth Economic Census, conducted in 2014. More than 90 percent of companies run by women are microenterprises, and about 79 percent are self-financed.
Who is the richest female entrepreneur?
Gina Rinehart has been one of the most well-known, as well as one of the wealthiest female entrepreneurs in the world.
Who was the first self made female millionaire?
Madam C. J. Walker
Madam C. J. Walker (born Sarah Breedlove; December 23, 1867 – May 25, 1919) was an American entrepreneur, philanthropist, and political and social activist. She is recorded as the first female self-made millionaire in America in the Guinness Book of World Records.
What percent of entrepreneurs are female?
As of 2018, there are 12.3 million women-owned businesses in the U.S. Compare that to 1972, when there were only 402,000 women-owned businesses, representing 4.6 percent of all firms. Women own 4 out of every 10 businesses in the U.S.
The hidden entrepreneurial potential of women has gradually been changing with the sensitivity to their role and economic status in the society. Women are increasingly being conscious of their existence, their rights, and work situation.
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