New Delhi, April 25 -- A new report has shed light on the significant hurdles faced by nearly half (47 per cent) of women entrepreneurs in India's Micro, Small and Medium Enterprises (MSMEs) when attempting to access financial credit.
The report, titled the 'Bharat Women Aspiration Index Report' by UK-based financial platform Tide, conducted a comprehensive survey of over 1,200 current and aspiring women business owners aged 18-55 from tier II and III cities.
The survey found an alarming 95 per cent women lacked awareness about government financial schemes and programs aimed at supporting their enterprises. This knowledge gap has driven many to resort to informal, potentially precarious credit channels.
Highlighting another major barr...