Program Manager Mrs. S. Thivya welcomed the resource persons Mrs. Alamelu WEAT, Trichy, Mr. R. Narayanan, Gandhi Gram University. Mr. Abdul Nazer Axiom and Mr. James Victor Director SSSSS for the district level conference and she did invite and welcome the participants who were already engaged themselves in small trade and want to improve and bring innovative changes in their current business.
Entrepreneurship an over view
Mr. S. James Victor Director SSSSS said that entrepreneurship is an important engine of growth in the economy. Today in this conference, we will be learning about what an entrepreneur is and the key characteristics and skills that a successful entrepreneur possesses. Some examples of entrepreneurs will also be given. Entrepreneurship is the process by which an individual (or team) identifies a business opportunity and acquires and deploys the necessary resources required for its exploitation. The exploitation of entrepreneurial opportunities may include actions such as developing a business plan hiring the human resources, acquiring financial and material resources, providing leadership, and being responsible for the venture’s success or failure.
Mrs. Alamelu WEAT, Trichy shared that Women entrepreneurship has been recognized as an important source of economic growth. Women entrepreneurs create new jobs for themselves and others and also provide society with different solutions to management, organization and business problems. However, they still represent a minority of all entrepreneurs. Women entrepreneurs often face gender-based barriers to starting and growing their businesses, like discriminatory property, matrimonial and inheritance laws and/or cultural practices; lack of access to formal finance mechanisms; limited mobility and access to information and networks, etc.
Women’s entrepreneurship can make a particularly strong contribution to the economic well-being of the family and communities, poverty reduction and women’s empowerment, thus contributing to the Millennium Development Goals (MDGs). Thus, governments across the world as well as various developmental organizations are actively undertaking promotion of women entrepreneurs through various schemes, incentives and promotional measures. She did share and encourage the participants with the examples that she herself came across in her life that made her to become more strong also to withstand in her business as entrepreneur.
Analysis exercise on Entrepreneurship :
Mr. Abdul Nazar gave a format on the pre analysis study on entrepreneurship to all the participants who asked to fill the format with pin drop silence. Every participant was able to complete the 10 questions with the choosing of best answers option that were interesting and also confusing to few. He did correct and gave marks for the completed format after which he did the scoring of marks and started to explain every participant on the questions and answers after which everyone was able to understand the concept of entrepreneurship.
Policies and Schemes for Women Entrepreneurs in India
In India, the Micro, Small & Medium Enterprises development organizations, various State Small Industries Development Corporations, the Nationalized banks and even NGOs are conducting various programs including Entrepreneurship Development Programs (EDPs) to cater to the needs of potential women entrepreneurs, who may not have adequate educational background and skills. The Office of DC (MSME) has also opened a Women Cell to provide coordination and assistance to women entrepreneurs facing specific problems.
There are also several other schemes of the government at central and state level, which provide assistance for setting up training-cum-income generating activities for needy women to make them economically independent. Small Industries Development Bank of India (SIDBI) has also been implementing special schemes for women entrepreneurs.
In addition to the special schemes for women entrepreneurs, various government schemes for MSMEs also provide certain special incentives and concessions for women entrepreneurs. For instance, under Prime Minister’s Rozgar Yojana (PMRY), preference is given to women beneficiaries. The government has also made several relaxations for women to facilitate the participation of women beneficiaries in this scheme. Similarly, under the MSE Cluster Development Program by Ministry of MSME, the contribution from the Ministry of MSME varies between 30-80% of the total project in case of hard intervention, but in the case of clusters owned and managed by women entrepreneurs, contribution of the M/o MSME could be up to 90% of the project cost. Similarly, under the Credit Guarantee Fund Scheme for Micro and Small Enterprises, the guarantee cover is generally available up to 75% of the loans extended; however the extent of guarantee cover is 80% for MSEs operated and/ or owned by women.
The participants had interaction with the resource persons which went on like lengthy and very healthy dialogue that helped the participants like motivating, encouraging and also to have a strong solidarity for their business and trade to take a next level of growth.