Women Entrepreneurship: Issues and Strategies for Financial Aid


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May a times Women are not Entrepreneurs by choice , but due to situation.
Issues that hinder / demotivate upcoming Women Entrepreneurs.
Strategies that Women can / are using to develop their Business.
Financial Need of a Business.
Role of Bank in funding a women Entrepreneur.

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Women Entrepreneurship: Issues and Strategies for Financial Aid

  1. 1. WomenEntrepreneurship:Issues and Strategiesfor Financial AidAuthor:PratibhaTrivedi (PGDM, FinalYear)Prof. Rabiya Jidda (Faculty – Human Resources)Institute Affiliation:Guru Nanak Institute of Management Studies
  2. 2. ENTREPRENURS“one who undertakesinnovations, finance and businessacumen in an effort to transforminnovations into economic goods”.
  3. 3. Maximum Indian Women areentrepreneurs not bychoice, but forced bycircumstances
  4. 4. Constraints faced by women:Conti…
  5. 5. Lack Of confidenceConti…
  6. 6. Knowledge in BusinessAdministrationConti…
  7. 7. Market-oriented RisksConti…
  8. 8. Socio-cultural Barriers
  9. 9. LITERATURE REVIEWResearch by Viju Mathew and MaryKavitha (2010), the involvement ofwomen in the economicdevelopment of Middle Eastthrough micro-enterprises was veryless due to the socio-culturalrestriction in the Middle Eastcountries.A study by Nic Paton (2006) (GlobalEntrepreneurship Monitor), studiedmore than 100,000 people in 35countries has found that, whilewomen entrepreneurs often exhibitpatterns of behaviour similar tothose of men
  10. 10. Challenges: A practical picture Neeta Kumar, a 41-year-old entrepreneurfrom Lucknow, Saroj ben who is 48 yrsold with 2 children fromDharavi, Kavita Singhal, ajewelery designer shemanaged to convinceCanara Bank
  11. 11. Some Schemes for WomenEntrepreneursBank SchemeBank of India PriyadarshiniYojanaCanara Bank CAN MahilaCentral Bank of India Cent KalyaniDena Bank Dena ShaktiOriental Bank of Commerce Orient Mahila VikasYojanaPunjab National Bank Mahila Udyam Nidhi SchemePunjab & Sind Bank Udyogini SchemeState Bank of India Stree Shakti PackageState Bank of Mysore Stree ShaktiSIDBI Mahila Udyam NidhiTamilnad Mercantile Bank Mahalir
  12. 12.  1.To identify the challenges andissues faced by womenentrepreneurs with specialreference to financial assistance. 2.To find the awareness of thevarious schemes for financial aidsprovided by banks. 3.To understand the attitude ofbanks towards womenentrepreneurs in need of financialaids.Objectives
  13. 13.  Primary data :questionnaire_for_women_entrepeneur[1].docxsurvey which was conducted in Mumbairegion16 items which were a mix of openended as well as closed• Sample Design : WomenEntrepreneurs• Sample Size : 25 womenEntrepreneurs Secondary data :books, magazines, journals andwebsitesResearchMethodology
  14. 14. Results & Discussion40%20%16%24%0Experience Hobby mean ofsurvivalventure othersReason to start the business
  15. 15. 5%10%39%12%10%2%15%2%5%0%No Obstacles self confidence start up financelack of information Family support FindingThe right contactManagement skills family and work life Gender DiscriminationOtherschallenges faced by womenentrepreneurs
  16. 16. Bank vs Women AwarenessBank provides loan to womenentrepreneursWomen’s aware about thebank schemes for womenyes64%No36%yes28%No72%
  17. 17. Reasons for not approachingbanks for loan45%4%8% 8% 8%Not awareabout theschemesNot eligible forbank loanHuge Fund notrequiredHad enoughfundsOthers
  18. 18. yes75%No25%Sources of loan No of women taking loan for Business
  19. 19. 24%40%4%7%Relative Bank Moneylender OthersOther Sources
  20. 20. 8%16%24%8%Poor Service Interest rates Time consumingprocessBank notcooperatingreasons for not using the bank loanHurdles in Obtaining Loan frombank
  21. 21. Favorite Bank women Opt for12%48%8%4%canara bank Dena bank Punjab & sindbankBank of indiaWomen opting for bank
  22. 22. Number of times women haveopted for loan56%8%4%0Once Twice Thrice More thanThrice
  23. 23. Awareness about Micro-financeYes16%No80%Cant say4%
  24. 24. Key Findings1. Constrains Faced2. Financial Institute aidingentrepreneurship3. Various Schemes forwomen entrepreneurs4. Attitude of womenTowardsTheir business5. Attitude of Bank towardswomen
  25. 25. 1. Research the various schemesavailable2. Try to market your productfirst3. Be thoroughly aware of yourbusiness plan4. Read loan documentscarefully5. Join a women’s network6. Financial Institute must bringchanges to their process andpoliciesRecommendations
  26. 26. Conclusion:
  27. 27.  Donna Fern, April 28, 2010, “what makes fast growing women-owned companies tick?” Network 18: Entrepreneurs August 2010 edition. Network 18: Intelligent Entrepreneurs September2010 edition. Aswathi Muralidharan (2009), “why loans for women entrepreneurs are not takingoff”, http://www.dare.co.in/funding. 2nd oecd conference of ministers responsible for small and medium-sized enterprises(smes) promoting entrepreneurship and innovative smes in a global economy: towards amore responsible and inclusive globalisation. Istanbul,Turkey 2004. Linda Hollander, “Bags to Riches by Linda Hollander - overview for women about opening& running a small business”. Andrina lever (1997), “Case study:Women entrepreneurs in the globaleconomy”, Economic ReformToday No.2, pg 10 Andrina lever (1997), “Women’s business organization:The hidden strength andpotential”, Economic ReformToday, No.2. JohnWatson, Rick Newby, Annie Mahuka,( 2009), “Gender and the SME “financegap””, International Journal of Gender and Entrepreneurship Bingley.Vol. 1, Issue. 1; pg. 42
  28. 28.  Watson, J. (2006), “External funding and firm growth: comparing female-andmale-controlled SME’s”,Venture Capital:An International Journal ofEntrepreneurial Finance,Vol.8 No.1, pg. 33-49 Verheul, I. andThurik, R. (2001), “Start-up capital: does gender matter?” SmallBusiness Economics,Vol. 16 No.4, pg. 329-45. Bruno,A.V. andTyebiee,T.T.(1985), “The entrepreneur’s search for capital”, Journal of BusinessVenturing,Vol.1 No. 1, pg.61-74. Fern, E.F. (1982), “The use of focus groups for idea generation: the effect of groupsize, acquaintanceship, and moderator on response quantity and quality”, Journalof Marketing Research,Vol. 19 No. 1, pg. 1-13. Cooper,A.C. (1993), “Challenges in predicting new firm performance”, Journal ofBusinessVenturing,Vol. 8 No.3, pg.241-53. Peri H. Pakroo J.D. (2010), “The women’s Small Business Start- Up Kit: A Step-by-Step Legal guide”. Naomi Simson, (2009), “Six reasons women start business. (2001, May 21),“Women entrepreneurs in poorest countries face formidablechallenges”, Brussels forum. http://www.un.org/News/Press/docs/2001 Prof. Dileep kumar M,(2006),“Problem of women entrepreneurs in India”.http://www.indianmba.com. Medha DubhashiVinze (1987), “Women Entrepreneurs In India:A Socio-EconomicStudy of Delhi - 1975-76”, Mittal Publications, New Delhi.