MSME businesses are accelerating at a very rapid pace in India right
now. There is a huge participation of women in the MSME sector.
Women’s participation in MSME sector it at 24% of the total workforce
that is employed. This factor has given rise to more number of women
taking interest and participating in the businesses of the MSME sector.
The MSME industry is one of the most significant development in India
in the last few decades. The majority of these businesses are operated
in the rural and the remote parts of the country. Once these
establishment have enough access to capital and labor, they find a way
to enter the major metro cities and also establish their offices in these
places.
Employment trends post pandemic has led to businesses that are
benefiting from the foundations of the MSME sector that was laid long
ago. Majority of the small business owners are interested to operate
their businesses due to the favorability of good policies from the
Government. The Ministry of MSME is very keen about keeping a tab
on the current activities of the MSMEs and also observing the changing
trends in the marketplace and guiding the MSMEs accordingly. Majority
of the MSMEs operating in the rural areas are comprised of men
belonging to the youth age category. The trend has been slowly
changing due to the development of the Khadi and the other village
industries where women’s participation has been recorded in large
numbers.
There are a huge number of schemes that have been designed by the
Ministry of MSME to encourage the maximum participation of women
in the MSME sector. The direct consequence of this can be seen in the
resulting workforce of the MSME sector comprising of a rising number
of women day by day. The increase in the MSME workforce led by
women is constantly fostering a likelihood of women entrepreneurs
emerging out of the existing businesses and also venturing out to start
their own enterprises. There are many organizations led by the
Government and also many private NGOs are helping women
entrepreneurs set up their own businesses by availing them access to
location and capital.
The Indian Government has steadily amplified the process of MSME
registrations in the recent years. This has helped many of the MSMEs in
availing the MSME schemes and MSME benefits for the development of
their businesses. Women entrepreneurs have had a tremendous impact
on India’s social and economic demographics as a result of their
growing presence. Millions of families have benefited from women’s
participation in the labor field, which has resulted in the development
of more number of jobs. From being financially dependent on males,
Indian women have come a long way. Women are self-sufficient today.
They are financially responsible for themselves and make their own
financial decisions. Furthermore, a number of government and bank
initiatives are explicitly aimed at enhancing women’s financial
independence.
MSME Schemes for women :
1.) Savings account and loan benefits.
2.) Bhartiya Mahila Bank (BMB) business lending scheme, for example,
is aimed towards women who want to start their own company.
3.) Pradhan Mantri Mudra Yojana helps the women entrepreneurs get
loans ranging from Rs. 50 thousand to Rs. 10 Lakh.
4.) Women can borrow up to Rs 50,000 under the Annapurna scheme
5.) Udyogini scheme and the Cent kalyani scheme also benefit the
women entrepreneurs that want to establish their businesses within
the MSME sector.
6.) Dena Shakti Scheme helps the women entrepreneurs who are involved
in agriculture, manufacturing, micro-credit, retail stores or similar enterprises
to avail loan under this scheme. Under the micro-credit category, loans
offered are up to Rs 50,000 with a concession of 0.25% on rate of interest.
Loans of up to Rs 20 Lakhs are sanctioned under the category of education,
housing and retail trading. There are many other MSME benefits for women
entrepreneurs operating in the MSME sector. All the MSMEs run by women
entrepreneurs can avail these benefits by registering themselves with the
Ministry of MSMEs and be up to date with all the provisions and upcoming
events. There is an intense demand for talent in the sales and development
domain of the MSME sector. The increase in the number of women’s
participation in the MSME sector has also revealed the need for establishment
of safety and security measures for the welfare of the women workers.
For more information:https://smeventure.com/indias-logistics-policy-to-stimulate-growth-global-trade/
The MSME industry has yet to see its golden period. This is just the
formative years of the massive industry in the making. Once there is
sufficient alignment within the broader businesses areas of the MSME
sector, there will be a lot of increased competition to produce the
highest quality products at affordable prices. This in turn will kick start
the bull run of this sector and ultimately affect the Indian financial
markets in a new way creating a ripple effect on other economies all
across the globe.
Women have historically been under represented in the business sector
due to sociological factors. The advent of the MSME sector has brought
new vigor for the betterment of women workers and as a result the
MSME businesses are helping the women lead the league of their own
financial well-being. This has resulted in massive changes in the
employment trends of the country and the ways in which women
interact with each other in the society. There is steady growth of a
business culture that is becoming prevalent in the country and has
many surprises in store for all of us.
Do watch: https://www.youtube.com/shorts/fHxcFnups64
MSME businesses are already being quoted by major market players all
across the world. Many international agencies are noticing the prolific
work done by the MSME businesses at the ground level where
opportunities do not come in hand very easily. This leads to the
formation of a business mindset for the average Indian working class
population and as a result contributes to the economic welfare of the
country to grow beyond set limits.