According to reports, despite government schemes promoting women’s participation in MSMEs, challenges in accessing credit persist for women entrepreneurs. Key highlights are as follows:
• Women-owned businesses represent 20% of registered MSMEs in India.
• Only 10% of total turnover in MSME sector is generated by women-led enterprises.
• Women-led MSMEs receive 11-15% of total investments in the sector.
• Small Industries Development Bank of India reports a 35% credit gap for women entrepreneurs.
The disparities in credit accessibility hinder financial growth for women-led MSMEs. The findings underscore the need for enhanced support and reforms to address the gender gap in India’s business ecosystem.
Source: Business News Today, Latest Finance News | The Hindu