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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