Session 3: Gender issues in entrepreneurship

Dr. Rama Deshmukh

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Women and MinoritiesWomen and Minorities

• Women-ownedWomen-owned businesses are one of the fastest-growingfastest-growing sectors

• 30%30% of all businesses are majority owned by women, with 18%18% equally owned by men and women.

Chapter 3Chapter 3

WOMEN ENTREPRENEURSHIP …Contd

• Problems faced by women entrepreneurs

– Lack of self-confidence – Male-dominated society– Low risk-bearing capacity – Lack of encouragement from family– Discrimination in upbringing– Role conflict– Lack of education’– Low mobility– Problem of access to finance– Stiff competition

WOMEN ENTREPRENEURSHIP …Contd

SCHEMES FOR WOMEN ENTREPRENEURS

– SBI Stree Shakti Package– IDBI’s Mahila Udyam Nidhi (MUN) Scheme– SIDBI’s assistance for women entrepreneurs– Bank of India’s Priyadarshini Yojana

FINANCE SCHEMES FOR WOMEN ENTREPRENEURS

Mahila Udyam Nidhi Scheme • Purpose • The Maharashtra State Financial Corporation (MSFC) operates a

special scheme called Mahila Udyam Nidhi (MUN) scheme, with a view to encourage women entrepreneurs to establish their own projects.

• Eligibility • New Projects in the tiny and small scale industries sector promoted

and managed by women entrepreneurs are eligible for assistance. • Project Cost • The project cost comprising of cost of fixed assets, margin money for

working capital, preliminary and preoperative expenses and contingencies should not exceed Rs.10.00 Lakhs.

• For further details please contact nearest Regional Offices of MSFC in Maharashtra.

• Stree Shakti Scheme by State Bank of India

• Schemes by Mahila Arthik Vikas Mahamandal (MAVIM)

• For further details please contact : • Mahila Arthik Vikas Mahamandal (MAVIM), • Griha Nirman Bhavan (MHADA), Mezzanine Floor, Bandra (E) • Mumbai 400051, India. • Tel :(91-22) 6435574/6435629/6435728 • Fax :(91-22) 6435728/6435574

• Priya Darshini Scheme by Bank of India (BoI)• For further details please contact nearest branch of Bank of India

• Women Entrepreneurs can also take benefit of :P.M.R.Y. (Prime Minister's Rozgar Yojana)

• ProjectCost upto Rs.20.00 Lacs• Seed Money Scheme Project Cost upto Rs.10.00Lacs• National Equity Fund Project Cost upto Rs.50.00 Lacs• DIC Loan Scheme Project Cost upto Rs.2.00 Lacs

RURAL ENTREPRENEURSHIP

• RURAL INDUSTRIES UNDER KVIC PURVIEW

• ADVANTAGES OF RURAL INDUSTRIALIZATION

• MAJOR CHALLENGES IN THE WAY OF DEVELOPMENT OF RURAL INDUSTRIES

RURAL ENTREPRENEURSHIP …Contd

• RECOMMENDATIONS TO BOOST UP RURAL ENTREPRENEURSHIP

• ENTREPRENEURSHIP THROUGH POVERTY ALLEVIATION PROGRAMMES

• EXCERPTS FROM FORMER PRIME MINISTER’S ADDRESS ON YOUTH ENTREPRENEURSHIP AND EMPLOYMENT

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Questions?Questions?

Chapter 3Chapter 3

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