msme: Women-owned entrepreneurs form ‘only 20%’ of MSME businesses: Joint Secy MSME

New Delhi: ACCESS Development Services, a national level livelihoods promotion organization, together with NITI Aayog, hosted the Livelihoods India Summit on Monday. Attending the first day of the event, the keynote speaker spoke in detail about the importance of her MSME sector in the Indian economy and the role of women entrepreneurs in her MSME sector in the country.

Mercy Epao, deputy secretary of the Ministry of Micro, Small and Medium Enterprises (MSMEs) said in a statement: , exports, etc. We are also looking to hold stakeholder meetings with industry leaders. We are also trying to fine-tune our policies so that they are more relevant and serve the country better. “

“95% of MSMEs belong to the micro segment, 4% are small, and less than 1% are medium. We have introduced a fund, the SRI (Self Reliant India) Fund,” Epao added.

Track 2 sessions at the Livelihoods India Summit discussed women’s economic empowerment and how essential it is to enable their participation in the workforce. There was a common view that women-owned entrepreneurs only form her 20% of all her MSME businesses in the country, so the proportion of women in enterprises could be much higher.

One of the biggest barriers for women-led businesses is significant market challenges. Existing literature cites factors such as women’s education and skill level, access to critical resources such as credit, marketing and distribution networks, and technical and managerial know-how. The nature of the business environment and how welcoming it is to women, and the prevailing socio-cultural norms that limit whether and what types of work women can engage in paid work.

India’s MSMEs account for over 90% of the country’s total industry, contributing 45% to industrial production, 40% to domestic exports and 17% to GDP, making this sector the backbone of the Indian economy. Prove it.

“The government is trying hard to attract MSMEs into the formal sector. Similarly, it has launched the UDYAM portal where MSMEs can register for free. Over 1.3 billion MSMEs have already registered on the UDYAM portal. 18% of those registered on the UDYAM platform are women-owned MSMEs.We have announced a program called SAMARTH which focuses on supporting women-owned micro, small and medium enterprises.The Ministry of MSMEs will implement 20% of all capacity training programs are reserved for women, including participation in national and international exhibitions and trade fairs All commercial programs under the National Small Industries Corporation are reserved for women will be reserved,” Epao said in a statement. Deputy Managing Director of National Bank for Agriculture and Rural Development (NABARD), S Sivakumar, ITC Limited, Agriculture and He Group Head of IT Business, Saroj Kumar Mahapatra, Executive Director of PRADAN and other dignitaries attended the first day of the conference Did. event.

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