Women Entrepreneurship in Globalized Era: Issues and Challenges

Abstract

Women Entrepreneurs may be defined as the women or a group of women who initiate, organize and operate a business enterprise. Government of India has defined women entrepreneurs as an enterprise owned and controlled by a women having a minimum financial interest of 51% of the capital and giving at least 51% of employment generated in the enterprise to women. Like a male entrepreneurs a women entrepreneur has many functions. This paper examines & undertakes women entrepreneurship in this globalized era and what are the characteristics of Indian women entrepreneurs and their role and lastly we discuss about some the challenges and issues related to women entrepreneurs in globalized era. Secondary data available from different sources used as research tools for this paper. It is concluded from this paper that women's entrepreneurship are increasingly recognized as a valuable tool for economic development and society well beings. Policy makers must encourage the programmes and initiatives regarding facilitating entrepreneurial endeavors' by women in the economy and increased contribution of women in the labour force is a prerequisite for improving the position of women in society and selfemployed women.