A Study on the Relationship Between Entrepreneurial Ecosystem Development and Women’s Empowerment in Kamrup, Assam

Abstract

Microfinance and governance schemes for women entrepreneurs have been quoted as being the main strength to initiate a formal SME. Over the years women have been empowered in Kamrup, Assam due to access to private and government institutions. Available schemes, such as NITI Aayog, MSDE, PMMY and others are meeting the financial needs of women entrepreneurs to start their own business. But complexity in documentations, higher interest rate, issues regarding awareness and collateral are posing problems for women entrepreneurs to avail the required amount. Compared to men women have limited access to resources to start their own business. In this aspect, Women entrepreneurs require comparatively high amount of funds. With respect of understanding the importance of MFIs and other government funds in the growth of women entrepreneurs in setting up their own formal SME, this study has adopted primary quantitative method. The information about the support for MFIs and MFIs governance schemes was collected from 111 men and women participants through an online survey. This research has concluded that a simple and easily accessible funding option for the women entrepreneurs are more significant to provide support in starting the formal SMEs.