Women Entrepreneurship Essay

Entrepreneurship is a key for the sustainable growth of the economy and the society. It is necessary to cultivate and infuse the culture of entrepreneurship among the prospective workforce in order to fuel the industrial growth of the nation. While developing the entrepreneurial culture, the necessity for the quality in services and business ethics should also be insisted. Entrepreneurial skills are the rejuvenators of economic development and industrialized economy.

As the gender gap reduces, the women also need to play a significant role in entrepreneurship. Women in developed nations started the entrepreneurial activities far before the women in developing nations. Almost in all the developing countries, several dedicated agencies backed

Their skills in house hold managing, budgeting and balancing can be applicable to the business context also. Through these activities, the women naturally qualified to become the entrepreneurs. All they need is to have a formal training and practice.

"Limiting women 's economic potential is important for every country. It doesn 't make sense, especially when we are still struggling to grow our way out of the economic disaster." (APEC Women & Economic Forum - 2012). Most of the Women entrepreneurs lack financial literacy and also most of whom working on the informal sectors. If the women entrepreneurs provided with sufficient financial literacy and brought to the main business, then economy will get additional boost.

If the women entrepreneurs equipped with effective network for learning and leveraging the financial resources, then women entrepreneurs can scale to new horizons in terms of type of business and area of

So it is necessary to introduce the various women entrepreneurship development scheme implemented in those districts. With the Literacy of 80.1% and a healthy sex rate of 996 females per 1000 males (Census 2011), the Tamilnadu state provides adequate foundation for the women to consider the self employment and entrepreneurial opportunities. Several departments namely, Micro, Small and Medium Enterprises, Rural development & Panchayat Raj, Industries and Labour & Employment are implementing women empowerment and entrepreneurship schemes, which are listed below,

New Entrepreneur and Enterprise Development Scheme (NEEDS)

This Scheme is promoted by the Directorate of Industries and Commerce, Government of Tamil Nadu. The objective of this scheme is to promote entrepreneurship among educated youth by providing capital and interest subsidy. A subsidy to the tune of 25% of the project cost less than Rs.25.00 lakhs is provided. Project cost includes capital expenditure and money required for working capital. Cost of building rent, technical know-how, preliminary/ pre-operative cost and working capital scope may not be subsidized. In addition to the above 25% subsidy, an interest subsidy to the tune of 3% is also provided9.

Women Entrepreneurship Development Programme