India, March 29 -- A 2024 World Economic Forum report shows a massive gender gap of 40% when it comes to economic participation. The latest Economic Survey recorded a welcome increase in female labour force participation over the last five years. While the figure is 41.7% as of 2024, income disparity, rigid work conditions and a general all-round decline in well-paying jobs have led to more women seeking to become self-employed. But if they are to become job creators, women's entrepreneurship needs a much greater push from the government and social organisations at the grassroots.

Women trying to set up their own businesses face multiple challenges. They lack financial literacy and proper documentation to secure credit. Many are fearful ...