Status of women entrepreneurship in Haryana: An analysis of challenges and future prospects

Abstract

The importance of women‘s entrepreneurship is evident to the business community itself, but more to the country‘s economy. In order to achieve the growth potential of the economy, women need to take a more active role as entrepreneurs or workers. Women entrepreneurship is defined as entire concept whereby a confident, innovative and creative woman adopt a business activity to prove herself to be economic independent either individually or in consortium, aim at generating employment opportunities for other individuals and running the enterprise by keeping balance pace with her personal, family and social life. Earlier the role of women was confined to nurture the family as homemakers but this perception has changed now. The discussion on women entrepreneurship has always been avoided in Indian society. The situation has completely changed now. In modern India, more and more women are taking up entrepreneurial activities. Women across India are displaying an attentiveness to be economically independent. But the procedure is not so easy to get transformed from house makers to businesswomen. The study endeavours to analyse the challenges and future prospects of women entrepreneurs in Haryana, India. The study also intends to suggest some fruitful ways to eliminate and reduce the hurdles related to women entrepreneurship development.