New Delhi, March 8 -- The Micro, Small, and Medium Enterprises (MSMEs) sector plays a vital role in the socio-economic development of India. It contributes significantly to the country's GDP, economic growth, employment generation and innovation. According to the Ministry of Micro, Small, and Medium Enterprises, the Udyam Registration portal registered 3,16,05,581 MSMEs as of December 4, 2023.

However, women entrepreneurs own around 20.5% of these MSMEs. They face multiple challenges that impede their growth and success in the MSME sector. According to official data, women-owned MSMEs account for about 18.73% of the total employment and 10.22 % of the total turnover generated by the industry. Furthermore, India ranks third-highest in ent...