Micro Enterprises and Women Entrepreneurship – A Way for Economic Empowerment

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Women constitute half of the total population of the country so the economic as well as social empowerment of the nation is not possible with out adequate development of women. When India is taken into consideration the rural urban disparity is an important reason of the lack of balanced economic development of the nation. Micro-enterprise and small business development programme has an important role in the economic development of women in the country. According to the MSME Act 2006,Micro enterprises in the manufacturing sector are those whose investments does not exceed twenty five lakh rupees and in the service sector, the investment does not exceed ten lakh rupees.

And entrepreneurship is critical to the maintenance of a healthy economy as it contains innovations and creativity that may leads to the new inventions as well as economic development. There are various Supportive Measures for Women’s Economic Activities and Entrepreneurship they are Direct & Indirect Financial Support by Nationalized banks, State finance corporation, State industrial development corporation,District industries centers, Small Industries Development Bank of India (SIDBI), State Small Industrial Development Corporations (SSIDCs) etc. Yojna Schemes and Programmes like Nehru Rojgar Yojna, Jacamar Rojgar Yojna, TRYSEM (Training for Rural Youth for Self Employment), DWACRA (Development of Women and Children in Rural Areas) etc. and Priority Sector Schemes especially for women development like Prime Minister’s Rozgar Yojana(PMRY), Swarnjayanti Gram Swarozgar Yojana (SGSY), Swarnjayanti Shahari Rozgar Yojana (SJSRY), Micro Credit to Self-Help Groups (SHGs) etc.

Among the above measures providing for the development of women, the Self-Help Groups (SHGs) can play a greater role in the economic as well as social development of women by a mutual support between persons. The people who share common experiences, situations or problems can offer each other a unique perspective that is not available from those who have not shared these experiences. This will motivate the women to develop there own micro enterprises in rural areas and SHGs will really help the entrepreneurs to improve the skills and awareness about the new possibilities and it can provide adequate funds for the development of micro enterprises in rural areas in each stages of their development.

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Source by Deepa TS

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