India’s women entrepreneurs’ workforce has been stagnant around 14% for a few years now with bare minimum growth. The Union Budget especially focuses on the women entrepreneurs of the nation with fixed schemes to ease the process of owning a business. In this episode of Women and Money Matters with Nisary Mahesh as we step closer to the Budget announcements, she notes the expectation of women entrepreneurs and those who have had to shut down their shops due to the pandemic. “women are adversely affected by the job losses in the pandemic situation and more percentage of men, who had lost their jobs, have actually recovered their job loss, but women are still to pick up. So, women would want to upskill themselves and start some small businesses of their own to sustain their income,” she says.
“Women Entrepreneurs look forward to better loan schemes and financial accessibility. Currently, there is an unmet demand of $20 billion among women micro-entrepreneurs in India. So more credit schemes to boost women-led micro-enterprises in rural India, to promote women entrepreneurship especially in this pandemic situation is very important,” she added.
(Interviewed and edited by Poorvi Gupta)