In 2016, a report on Indian startup ecosystem presented by Nasscom along with Zinnov revealed that only 9% of Indian founders or co-founders are women.
Now with the beginning of fresh year, Minister of State (I/C) for Micro, Small and Enterprises, MSME Minister Giriraj Singh informed in a written reply in Lok Sabha that 20% of every 1000 MSMEs (Micro, Small and Medium Enterprises) are women-owned.
Citing statistics, the Minister said that 195 proprietary MSMEs per 1000 MSMEs are owned by women in the entire country. 93 proprietary MSMEs per 1000 MSMEs are owned by women in Delhi.
According to the data furnished by the Ministry, India has witnessed a rise in women participation but inter-state growth has been unbalanced. Manipur, Mizoram, Telengana being the states with maximum women based MSMEs among per 1000 MSMES ranging to 481, 393 and 373 respectively.
On the other side, there is dismissing number in states like Uttarakhand, Assam, Bihar with only 50-55 women proprietors, the data revealed by National Sample Survey Office under Ministry of Statistics informed.
Schemes including the Prime Minister’s Employment Generation Programme (PMEGP), Micro & Small Enterprises Cluster Development (MSE-CDP) and Scheme of Fund for Regeneration of Traditional Industries (SFURTI) are in place to achieve better trends, MSME Minister informed.
In terms of employment, Daman & Die and Lakshadweep lack way behind West Bengal, Tamil Nadu and Uttar Pradesh which provide maximum employment to women in the nation.
Alike everywhere in the world, women in Indian start-up ecosystem stem from financial and cultural bias which affects their fundraising and unfair valuation of their businesses.
Earlier the 2015 Global Women Entrepreneur Leaders scorecard of 2015 ranked India at the low 29th rank of the 31 countries it evaluated assessing the ecosystem for business for women.
The above development was first reported in KNN India.
Notably, an another report published back in 2016, by the 6th Economic Census by the National Sample Survey Organisation (NSSO), had revealed that only 14% of business establishments in the country are being run by female entrepreneurs, which means, out of the 58.5 million functional businesses, only 8.05 million of them have a female as a boss. The data collected by the survey also revealed that most of these women run companies are small-scale and about 79 percent of them are self-financed.
In contrast to what minister has said, India’s ranking in women entrepreneurship has always been low so much so that it has been named in worst countries for women entrepreneurs despite of the fact revealed by a study that women entrepreneurs are better risk takers and enjoy work more than men.