A white paper titled ‘At the Helm: Women Entrepreneurs Transforming Middle India’ released by Reserve Bank Innovation Hub (RBIH) | Current Affairs | Vision IAS
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    A white paper titled ‘At the Helm: Women Entrepreneurs Transforming Middle India’ released by Reserve Bank Innovation Hub (RBIH)

    Posted 03 May 2024

    2 min read

    • It is based on a survey that highlights the complex socio-economic dynamics affecting women’s entrepreneurship in Tier 2 and Tier 3 cities, referred to as Middle India and role of women in their transformation. 

     

    • Key Highlights of survey:
      • Path to entrepreneurial success for women tends to extend longer due to various challenges. 
      • About 35% respondents reported pausing their entrepreneurial efforts due to caregiving responsibilities.
      • 90.2% of women are primary decision-makers in their ventures, highlighting their autonomy and leadership.

     

    • Key challenges faced by women entrepreneurs:
      • Capital Gap: Only 3% of surveyed women accessed external funding.
      • Network Gap: Marriage drives 87% of women's migration, posing challenges in rebuilding social networks and slowing career progression.
      • Care Gap: Caregiving responsibilities, including maternity leave, delays entrepreneurial success.
      • Data Gap: Absence of gender-disaggregated data hampers policy interventions.
      • Visibility Gap: Societal undervaluation leads to low visibility and limited recognition.

     

    • Policy Recommendations: 
      • Utilize gender-disaggregated data for effective policy interventions.
    • Breaking capital barriers through State-sponsored grants, female-focused incubators, and strengthening women’s support networks.
    • Fiscal incentives for childcare leave and expenses.
    • Creation of safe public and digital spaces with enhancement of physical mobility. 

     

    • Tags :
    • Entrepreneuship
    • Middle India
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