By Vivek Dubey
CNBC-TV18.com
Published Jan 17, 2024
14% of entrepreneurs in India are women, making up 20% of the 58.5 million MSMEs.
Source: State of India’s Livelihoods report by Access publication
India ranks 57th out of 65 countries for women’s entrepreneurship.
Only 2.16% of women are involved in early-stage entrepreneurial activities in India.
99% of women-owned enterprises are single-person micro businesses.
Only 17% of women-owned enterprises have employed workers, with 95% operating with less than 6 workers.
Formal financial institutions serve only 10% of the estimated 11.4 million women-owned MSMEs.
90% of women entrepreneurs rely on informal financing sources.
Only 27% of total finance requirements for women-owned MSMEs in India are met through formal financing sources.
India is the world’s third-largest startup ecosystem, but women represent only 35% of employees in Indian startups.
In 2021, only 5 out of 136 unicorn founders were women, down from 9% in 2018.