Women owned-businesses in India to rise 90% in next 5 years: Report

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    New Delhi, April 16 | Businesses owned by women entrepreneurs in India are likely to witness a 90 per cent growth in the coming five years, compared to the US (50 per cent) and UK (24 per cent), according to EdelGive Foundation Report.

    The study, conducted across 13 states, focuses on the challenges, impact on health, socio-economic security and family well-being outcomes of women entrepreneurs, providing a complete overview of women entrepreneurs and the ecosystem within which they thrive.

    Around 80 per cent of women, from semi-urban and rural India, feel a significant improvement in their socio-economic and cultural status after starting an enterprise.

    “Women in India are leading a cultural revolution — building their businesses, paving the way for future aspiring women entrepreneurs. Their role is pivotal in enhancing the economic growth of the country, employment generation, and industrialisation,” Vidya Shah, Executive Chairperson of EdelGive Foundation, said in a statement.

    “The adoption of policies and implementation of schemes that provide appropriate training, incentivisation, economic and cultural recognition is key to the success of women entrepreneurs in India,” Shah added.

    However, there are still significant gaps in terms of financial knowledge and resources available to women entrepreneurs along with marketing, production, technological and socio-cultural challenges faced by them.

    Despite several government schemes and policies supporting women entrepreneurship, the awareness is quite low — only 11 per cent. Thus, the uptake is just 1 per cent, the report showed.

    Lack of awareness about financial aid and schemes, non-availability of required documents, perception of the process to use these schemes as ‘complex’ and having no assets to put on mortgage, were some of the inhibiting factors behind this.

    Source: IANS

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    Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

    Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

    The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

    While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

    Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

    Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

    On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

    Sumeet Bagadia
    Executive Director
    Choice Broking

    Source: Choice India

     

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