The Role of Small Business Loans:
In an effort to combat gender biases in entrepreneurship, financial institutions are increasingly focusing on empowering women-led SMEs through small business loans. Despite the growth of India’s economy and the significant contribution of MSMEs to the GDP, women-led businesses still face substantial challenges in obtaining credit financing.
Recent studies highlight a stark gender disparity within India’s entrepreneurial landscape, attributed to socio-cultural norms, access to credit, and family responsibilities. However, women entrepreneurs remain optimistic about their business growth and recovery.
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RBI’s Risk Weight Hike: Implications for Incremental Bank Lending to NBFCsGovernment initiatives like Mudra Yojana and the Women Entrepreneurship Platform of NITI Aayog, along with SIDBI, have made strides in offering women easier access to working capital and training. These efforts are crucial for enabling women to pursue their business plans and contribute to the economy effectively.
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