An Economic Contribution of Women Micro Entrepreneur's Capability and Performance of Government Initiatives in Andhra Pradesh

N Madhavi; I. V. Lalithakumari; M Padmavathi

doi:10.36948/ijfmr.2023.v05i04.5117

An Economic Contribution of Women Micro Entrepreneur's Capability and Performance of Government Initiatives in Andhra Pradesh

Author(s)	N Madhavi, I. V. Lalithakumari, M Padmavathi
Country	India
Abstract	The paper highlights the capability of women entrepreneurs and performance of Government initiates to development of Andhra Pradesh State. The women empowerment through micro entrepreneurship has been taken up to add value to become favourable for women to become entrepreneur. Women can play an important role in Micro businesses and hence if given attractive tax stimulus, women ownership of MSMEs can increase from 14% to 30% in 1 year. As per World Bank's Global index Data for measuring global financial inclusion, released in June 2022, women are 8 - 10% more unbanked than men. Hence Along with Jan Dhan accounts, micro investment and micro savings schemes, with the right financial education and Literacy efforts will play an important role in improving financial inclusion. Empowerment is one of the key factors that determine the success of upliftment in the status and position of women in the society. Presently in India, the women are enjoying the socio-economic status through starting their own business. It also can be said that significance, self-confidence, self-determination, self-esteem and self-efficacy are the main contributors in psychological empowerment. As per Global Gender Gap Report, World Economic Forum, July 2022, it will take another 132 years to fully bridge the Gender gap globally. India Ranks 135th out of 146 countries to close only 62.9% of its Gender gap. In this situation, it only calls for better tax benefits and lower tax slabs to working women linked to flexi working options, to promote higher inclusion of women in workforce for faster economic growth. Only 6% startups today are solely women led, hence tax incentives and holidays to promote women led startups and businesses will go a long way in encouraging women to come forward to start their own businesses. Three of the country’s 11 industrial corridors are being built in Andhra Pradesh. Their proactive engagement and unwavering commitment have facilitated the successful execution of various programs and policies that support women-owned businesses. Sri N Chandrababu Naidu’s former Chief Minister of Andhra Pradesh as vision for promoting women’s entrepreneurship is rooted in gender equality and inclusive growth. The initiatives implemented have provided vital support, including financial assistance, skill development, and networking opportunities, to women-owned businesses.
Keywords	Economic Growth, Gender Equality and Inclusive Growth, Psychological Empowerment in Society
Field	Sociology > Philosophy / Psychology / Religion
Published In	Volume 5, Issue 4, July-August 2023
Published On	2023-08-09
Cite This	An Economic Contribution of Women Micro Entrepreneur's Capability and Performance of Government Initiatives in Andhra Pradesh - N Madhavi, I. V. Lalithakumari, M Padmavathi - IJFMR Volume 5, Issue 4, July-August 2023. DOI 10.36948/ijfmr.2023.v05i04.5117
DOI	https://doi.org/10.36948/ijfmr.2023.v05i04.5117
Short DOI	https://doi.org/gskxdh

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An Economic Contribution of Women Micro Entrepreneur's Capability and Performance of Government Initiatives in Andhra Pradesh

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