India’s business environment is significantly shifting, driven by innovative women shattering prejudices and establishing new standards. By 2023, these women’s achievements will not only have shaped the commercial landscape of the nation, but they will also have motivated countless more to follow their aspirations despite great obstacles. Seeing the efforts of the entrepreneurs, the government came up with the Startup India Scheme which helped thousands of startups in the country. In order to avail these benefits one needs to do startup India Registration online.
Statics About Women Entrepreneurs in India
Approximately 8 million women, or 14% of all entrepreneurs in India, are currently female entrepreneurs. This number comprises 10% of all formal firms owned by women. Women-led businesses are particularly prevalent in the MSME sector, where they make up roughly 20.37% of all companies and employ approximately 23.3% of the labor force. The social and economic makeup of India has been greatly impacted by the country’s female entrepreneurs. They work in fields like technology, e-commerce, fashion, healthcare, education, and education. They infuse conventional industries with fresh perspectives and ideas while producing cutting-edge goods and services. It is estimated that more than 30 million women-owned businesses will create 150–170 million jobs by 2030, potentially changing the face of the economy. Women currently comprise 22% of India’s GDP, less than the 45% global average. But their power in the corporate world is a powerful force behind economic growth.
Some of the Examples of Women Led Businesses in India
Some of the examples of women led businesses are:
- The founder of Zivame, Richa Kar, broke social taboos to transform online lingerie purchasing in India. She frequently discusses her story and the value of tenacity in entrepreneurship on LinkedIn.
- The founder as well as CEO of Nykaa, Falguni Nayar, is a self-made billionaire who revolutionized the Indian beauty retail industry. She frequently talks about management and the advancement of ladies in enterprise on her LinkedIn.
- The story of Kiran Mazumdar Shaw, the Chairperson of Biocon, is one of perseverance as she grew from a small startup to a prominent biopharmaceutical enterprise. She promotes women in STEM and entrepreneurship via her LinkedIn profile.
- Image Consulting Business Institute (ICBI) founder Suman Agarwal. Suman dropped out of college, yet turned ICBI into a pioneer in image consulting. Aspiring female entrepreneurs can find assistance and motivation from her LinkedIn page.
- The founder of YourStory, Shradha Sharma, is an inspiration to follow. She turned her blog into India’s biggest forum for entrepreneurship stories. On her LinkedIn page, she posts inspirational business quotes and success stories.
Opportunities and Support of Startup India to the Business Women
Some of the key opportunities and support of Startup India to the Business Women are discussed below:
Funding Schemes
- SIDBI Fund of Funds for Businesses (FFS): Through many Alternate Investment Funds (AIFs), SIDBI offers financial support to businesses, particularly women-run businesses.
- MUDRA Yojana: Provides loans to small and micro firms that are not farms or corporations, up to ₹10 lakhs.
- Stand-Up India Scheme: Offers bank loans to at least one female entrepreneur per bank branch, ranging from ₹10 lakhs to ₹1 crore.
Mentorship and Incubation
- Atal Innovation Mission (AIM): Offers assistance via Atal Community Innovation Centers (ACICs) and Atal Incubation Centers (AICs).
- TIDE 2.0 Scheme: Through incubators, provides financial and technical support to companies in the technology sector.
Training and Development
- Women Entrepreneurship Platform (WEP): The women Entrepreneurship Platform (WEP) is a NITI Aayog assignment that gives coins support, mentorship, and records on entrepreneurial endeavors.
- Virtual girls Awards Summit: The digital ladies Awards and Summit honors and encourages ladies who’re marketers within the virtual area.
Networking Opportunities
- Startup India Hub: a website that links business owners with mentors, investors, and other business owners.
- Women Entrepreneurship Platform (WEP): enables the exchange of knowledge, networking, and mentoring between female entrepreneurs and stakeholders.
Specialized Programs
- Women Startup Program (WSP): provided to foster and assist early-stage female entrepreneurs by NSRCEL at IIM Bangalore in collaboration with Goldman Sachs and the Department of Science and Technology (DST).
- WEE Foundation: This program, which IIT Delhi sponsors, gives female entrepreneurs access to networking, mentoring, and training possibilities.
Tax Benefits
- Income Tax Exemption: A tax break is available to qualifying startups for three of the ten years following their formation.
- Capital Gains Exemption: Capital gains tax is not applied to investments in certain assets made by qualified startups.
Step by Step Process of Startup India Registration Online
Follow the steps given below in order to register under the startup India Scheme:
- Visit the Startup India Website: Go to the official [Startup India (https://www.startupindia.gov.in/) portal.
- Create an Account: sign on the usage of your email or mobile range.
- Fill in the details about the startup and the entrepreneur.
- Submit the Application: Upload required documents like incorporation/registration certificate, PAN, etc.
- Reputation: as soon as authorized, the startup will acquire a popularity certificate from the branch for merchandising of industry and internal alternate (DPIIT).
Persistent Challenges Faced by Women Entrepreneurs
Some of the key challenges or we can issues faced by women entrepreneurs are discussed below:
- Women’s experience and possibilities are restricted in several Indian sectors, which still lack gender inclusivity.
- Women frequently lose out on crucial mentorship, support, and advice from institutions and society.
- Funding discrimination based on gender severely restricts the capital available to women-owned enterprises.
- Due to their limited access to generally male-dominated professional networks, women entrepreneurs face significant challenges.
- One major difficulty is the pressure to manage corporate tasks while adhering to establishing gender norms.
- It is hard for ambitious girls marketers to locate routes and concepts inside the entrepreneurial network due to the shortage of girl position fashions.
- Long-status patriarchal norms frequently pressure ladies into assisting positions, which impacts their career paths.
Conclusion
The upward push of women business owners in India is reshaping the enterprise panorama, pushed through innovation and backbone. No matter going through challenges like funding discrimination and restricted mentorship, they make a contribution drastically to the financial system. Initiatives like Startup India Registration in India provide critical aid, but addressing chronic limitations is essential for fostering an extra inclusive environment. Empowering women entrepreneurs holds the important thing to unlocking India’s monetary capacity and riding societal progress.
