Microfinance Schemes for Women Entrepreneurship in India: A Case Study of Sikkim State

Microfinance Schemes for Women Entrepreneurship in India: A Case Study of Sikkim State

Sunil Kumar, Soni Subedi
Copyright: © 2023 |Pages: 17
DOI: 10.4018/978-1-6684-8979-6.ch007
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Abstract

In today's globalized world, women are recognizing in the field of entrepreneurship. This study is on five central government finance schemes—Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM), Pradhan Mantri Employment Generation Programme (PMEGP), Dairy Entrepreneurship Development Scheme (DEDS), North East Industrial and Investment Promotion Policy (NEIIPP), and Scheme of Fund for Regeneration of Traditional Industries (SFURTI)—applicable in the state of Sikkim. The aim of the chapter is to analyze the year wise growth of women beneficiaries. The data has been collected from government websites, journals, and through ‘Right to Information Act 2005'. The study is descriptive in nature. Microsoft excel has been used for data visualization. The results of study showed a significant gender gap in the implementation of schemes, which need to be addressed through awareness and networking at ground level. The deeper penetration of financial schemes will result in more entrepreneurship ventures run and managed by females.
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Government Schemes/Institutions In Various Countries For Women's Entrepreneurship

Tambunan (2009) discusses women's entrepreneurship in Asian developing countries, focusing on SMEs. While SMEs are crucial in the region, women entrepreneurs face obstacles like education and capital. Many become entrepreneurs out of necessity to improve family income. Increasing women's education and job opportunities may reduce their engagement in SME entrepreneurship. This paper explores the untapped potential of women's entrepreneurship in South Asia, where less than 10% of entrepreneurs are women. It reviews their profiles, challenges, and support initiatives by organizations, focusing on SMEs. Notably, Wellalage and Locke (2017) found that in South Asia, female-owned SMEs are 3% less likely to face credit constraints than male-owned ones, revealing capital market imperfections in emerging economies. During the COVID-19 pandemic, women entrepreneurs in Asia and Europe focused on financial resources for economic sustainability (Sorensson & Ghannad, 2023).

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