Women face a lot of Social Stigma when it comes to handling/starting a Business.
As per a census by the Government of India, women constitute around only 14% of the total entrepreneurship i.e. 8.05 million out of the total 58.5 million entrepreneurs in India. The reason for such a low percentage has a lot to do with our social standing as far as Women Entrepreneurs are concerned.
In this male dominated society, social discrimination handicaps women in the world of work. For example, due to societal pressure many uneducated parents do not allow their daughters to pursue lower or higher education and or training. This ultimately results in low confidence and thus less to negligible networking opportunities which is critical to business.
At the lower end of the economic strata, a woman by default is expected to make domestic duties her personal priority which then hinders her capability to work.
Also, it is a very common business mindset to assume that women lack administrative & regulatory requirement as compared to men. This further stops the development of their business mindset.
However, all hope is not lost. A few institutions like Lendingkart understand that even women can have an entrepreneur bent of mind. Lendingkart helps women entrepreneurs to overcome social stigmas & excel in their businesses. To know more check out business loans for women by Lendingkart.
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