Welcome Guest

Businessex.Com
Home News Women-owned MSMEs needs special attention

Women-owned MSMEs needs special attention

Tags: MSMEs, WMSMEs, CUTS International, India, China

February 12, 2015 | COMMENTS ( 0 )

Women-owned MSMEs needs special attention

CUTS International, which runs a wall newspaper Gram Gadar in Rajasthan, in a study revealed that the average growth rate of WMSMEs (women owned and managed micro, small and medium enterprises) is significantly lower than the average growth rate of MSMEs run by men. While the entrepreneurial process is the same for men and women, in practice however, the problems faced by women are of different dimensions and magnitudes.

Tackling these constraints requires a holistic approach that addresses and acknowledges the importance of both domestic constraints as well as related non-tariff barriers in hampering the creation of an enabling WMSME environment.

CUTS International undertook a project that sought to look at the regional trade potential and related non-tariff barriers in South Asia associated with women owned and managed micro, small and medium enterprises (WMSMEs). The project was carried out with support from the Asia-Pacific Regional Centre of the United Nations Development Programme (APRC-UNDP).

"Several issues hinder participation of women to operate a business and become a successful entrepreneur. Issues such as availability of easy and affordable credit are one of the important aspects, which needs government's attention. There is a high level of involvement of middlemen and contractors that needs to be curtailed and regulated," said Chenai Mukumba, Assistant Policy Analyst, CUTS International in an event of National Consultation Regional Trade Potential and Associated Non-Tariff Barriers.

The purpose of this national consultation workshop is to share the findings of the study entitled Regional Trade Potential and Associated Non-Tariff Barriers, with Special Focus on WMSMEs: The Case of India.

Micro, small and medium enterprises (MSMEs) are recognised as an important source of both formal and informal employment and poverty alleviation, especially for women across many developing countries. However, there exists a broad range of supply- and demand-side constraints, which limit the full potential of growth and development of MSMEs in general, and WMSMEs in particular.

With an estimated 48 million MSMEs, India has the second largest number of MSMEs in the world after China which has 50 million MSMEs.

Please add your comment

Rating
Not readable? Change text.
Enter the characters as seen on the image (case insensitive)
  Notify me of followup comments via e-mail   Subscribe for daily newsletter

Other NEWS

Delhi based startup i2e1 raises $5,00,000

Delhi based startup i2e1 raises $5,...

December 10, 2015

Delhi-based i2e1, a smart network player platform which aims to provide low-cost and free internet to consumers and actionable ana....

Cab aggregators collaborate with state governments to boost entrepreneurship

Cab aggregators collaborate with st...

November 06, 2015

Ola and Uber, cab aggregators have signed agreements with Rajasthan government for skill development and creation of entrepreneuri....

Phase II of startup incubator T-Hub to be operational soon

Phase II of startup incubator T-Hub...

November 04, 2015

Telangana government is planning to expand T-Hub, its ambitious incubator programme, in its second phase with about Rs 150 crore i....

Sabse Technologies receives investment from Ratan Tata

Sabse Technologies receives investm...

November 04, 2015

Global telecom carrier, Sabse Technologies Inc, started by Hotmail Founder Sabeer Bhatia today announced that Tata Sons' Chairman ....

Mobile startup BlackNGreen seeks international expansion

Mobile startup BlackNGreen seeks in...

November 02, 2015

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one y....

Startups seek better future under Hay Group's programme

Startups seek better future under H...

October 30, 2015

Global management consultancy, Hay Group will help 100 selected entrepreneurs transform their startups into successful companies o....

Quintype raises USD 3.25 million for product enhancement

Quintype raises USD 3.25 million fo...

October 27, 2015

Quintype, a data-driven publishing company raised USD 3.25 million to enhance product and business development. ....

Hospitality aggregator startup Qik Stay raises $250K

Hospitality aggregator startup Qik ...

October 27, 2015

Delhi-based Qik Stay, a hotel branding and aggregator startup, has raised $250K in seed round of funding from venture capital firm....

Milk Mantra targets a turnover of Rs 150 crore this fiscal

Milk Mantra targets a turnover of R...

October 26, 2015

Odisha-based startup dairy firm, Milk Mantra is targeting a turnover of Rs 150 crore this fiscal.....

Vista Rooms creates app on Instagram, targets tier II & III cities

Vista Rooms creates app on Instagra...

October 23, 2015

Mumbai-based online budget accommodation aggregator, Vista Rooms has created an app-like experience on Instagram where travellers ....

Jiyo Natural receives funding from Indian Angel Network

Jiyo Natural receives funding from ...

October 23, 2015

Indian Angel Network (IAN) has invested an undisclosed amount in Bengaluru-based consumer health food startup, Jiyo Natural.....

​​Vodoo raises USD 1 million from SAIF Partners

​​Vodoo raises USD 1 mi...

October 15, 2015

Deals and price comparison application, Vodoo has raised USD 1 million (around Rs 65 lakh) from SAIF Partners in a seed funding ro....

IBM launches public data centre in Chennai, partners with Nasscom to boost start ups

IBM launches public data centre in ...

October 15, 2015

Technology giant, IBM today launched public data centre in Chennai to tap into growing demand from financial services and governme....

For Nasscom, PPP will boost startups in India

For Nasscom, PPP will boost startup...

October 14, 2015

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, R....

WalmartLabs to seek partnership with Indian startups

WalmartLabs to seek partnership wit...

October 14, 2015

WalmartLabs, the digital arm of US-based retailing major Walmart Stores, is scouting for startups in India for partnership and wor....