Page 61 - IMDR JOURNAL 2023-24

IMDR’s Journal of Management Development & Research 2023-24

opportunities to females. The rise of female entrepreneurs in India has both elements of success and
opportunities. It is obvious that the nation's economy has been considerably impacted by the numerous

businesswomen in India. While others continually contribute to the nation's progress, some have had an
enduring impact on a worldwide scale.

Objectives and Research Methods:

The Present paper has the following Objectives:

 To conceptualise women entrepreneurs and examine the different models of women entrepreneurship

 To analyse the trends and patterns in women’s entrepreneurship development in India

 To highlight emerging challenges and problems being faced by women entrepreneurs in India

 To suggest policy measures which foster skill development and entrepreneurial opportunities for
women's entrepreneurial activity directly correlating with the nation's economic advancement.

This paper is based mainly on secondary data and pertinent literature. The data has been collected
from Economic Census Reports, Census reports and published as well as documented reports and

databases. Previous, surveys, research studies and publications have been consulted for review and getting
insight on the topic of research.

The notion of Women Entrepreneurs:
In response to the surge of female participation in entrepreneurship, social scientists have focused on creating

a comprehensive definition of women entrepreneurs. Women business owners are individuals who take charge
of planning and managing their company's resources as well as taking any necessary risks in the hopes of

turning a profit. This idea contends that female business owners are capable managers and decision-makers

(Coughlin & Thomas, 2002). Women who choose to launch their own businesses were driven by desire for
freedom & achievement. This applies to female entrepreneurs who choose to do so of their own free will, or

women who do so as a result of an opportunity. This definition does not include entrepreneurs compelled to

engage in entrepreneurship due to dire necessities. (Dhameja , 2002). Women who start, organise, and run
their own businesses are referred to as women entrepreneurs (Suganthi, 2009). Women's entrepreneurship is

the innovative process of establishing and running a company which supports social & economic growth. This
definition explains the positive contributions that women have made to society in the areas of the economy,

society, and entrepreneurship (Munshi, et al, 2011). A female entrepreneur is someone who takes on a leading
financial role in control over a company (modest financial stake of fifty one percent of the capital), according

to the Government data (Government of India, 2012). Younger age groups have a higher percentage of female

entrepreneurs than more mature age bracket do (Dhameja et. al 2000). Female business owners have a range
of educational backgrounds (Patole & Ruthven, 2002). According to Vinze (1987), the majority of women