Factors influence women to become entrepreneur: A study in Namsai district Arunachal Pradesh.
Entrepreneurship is the process of designing, launching and running a business venture. Establishing a new business venture involves capitalizing on fresh opportunities. Entrepreneurship has a significant impact on the economy as they facilitate the creation of new wealth, new employment opportunities, through the invention of novel products, processes, and services. Entrepreneurship in various forms is widely recognised and practiced globally, yet women's entrepreneurial efforts are frequently confined to conventional business models. In developing countries like India, women encounter various obstacles, including limited financial resources, inadequate education, and a lack of family support, when attempting to establish a business. The role of women in local business is notably significant in northeastern India. The challenges of this issue vary significantly from one region to another and depend on the unique conditions and characteristics of each business. This study initially examines the key factors that motivated women to become entrepreneurs in the Namsai District of Arunachal Pradesh. This study also examines the obstacles faced by women entrepreneurs in achieving business success. The researcher surveyed 400 women entrepreneurs using structured questionnaires. The primary factor prompting women to become entrepreneurs appears to be economic necessity within the family, alongside self-confidence, the absence of employment opportunities for family members, and other related factors. The respondent is experiencing difficulties with financial issues, insufficient entrepreneurial skills, minimal government support, health concerns, and family obligations.
Authors
- Ranjita Mannow
Publication Details
- Journal
- International Journal For Multidisciplinary Research
- Published
- 2025-03-24
- DOI
- https://doi.org/10.36948/ijfmr.2025.v07i02.39407
- Primary Topic
- Indian Economic and Social Development
- Type
- article
- Field-Weighted Citation Impact
- 0.00