WCD Ministry Sets Up National Women Entrepreneurship Council (Important) (Download PDF)

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The Ministry of Women and Child Development is planning National Women Entrepreneurship Council (NWEC) to promote women entrepreneurship. Umbrella organization for socio-economic gender parity, financial inclusion, and economic empowerment of women in India.

  • Give advice to government on issues related to entrepreneurship in women as current business chambers are largely male-dominated

Image of National Women Entrepreneurship Council

Image of National Women Entrepreneurship Council

Image of National Women Entrepreneurship Council

India Ranks Poorly on Women Entrepreneurs

  • According to MasterCard Index of Women Entrepreneurs, India ranked 49 among 54 economies globally.

  • India presents lower opportunities for women to engage in entrepreneurial activities due to lack of education, technological know-how and cultural bias coupled with stringent business and government regulations

Advantages of Women Entrepreneurs

  • Economically empowered women are major catalysts for development.

  • Women often reinvest their income in their children’s education, health, and nutrition producing positive impact on potential for economic growth.

Image of Interesting Stats

Image of Interesting Stats

Image of Interesting Stats

Some Positive Signs

Women entrepreneurs in India are bringing about a lot of development in the public and private sectors, according to Niti Aayog.

  • At a global level, about 126 million women have started or are running their businesses and whereas in India, there are about 8 million women have started or are running their businesses.

  • Apart from that, women have 24 % share in corporate senior management positions and in India it’s 30 % for the same.

  • About 37 % of formal enterprises owned by women around the globe whereas 10 % of formal enterprises in India are being operated by women.

- Published/Last Modified on: April 26, 2018

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