Article
Socio-Cultural Barriers of Women Entrepreneurship in India: An Empirical Study Using Stepwise Multiple Regression
In rural India, women entrepreneurship has arisen as an important factor of socio-economic advancement and gender empowerment. In spite of governmental facilities that guarantees equality in rights, rural women keep on facing several socio-cultural, financial, and governmental obstacles which hamper their progress in business. This research discovers the fundamental challenges that impact women entrepreneurship which includes illiteracy, limited access to capital, gender inequality, restricted authority, and societal customs. It also investigates the role of new patterns like technical development, government aid, job training in influencing entrepreneurial chances for rural women. By implementing a theoretical methodology along with data collected through regression analysis, the study find out the important upliftment causes like self-reliance, familial motivation and government aid. The results indicate that though monetary aid is necessary, a comprehensive support system like pedagogy, structural guidelines and emancipation are required for a long-term entrepreneurial advancement among rural women. The study determines that nourishing governmental policies and tackling long-standing, ingrained obstacles may notably stem women’s contribution in business and contribute towards an inclusive financial expansion. 166 women entrepreneurs were surveyed to know the factors that determines socio-cultural barriers of women entrepreneurship in India and overall impact of Socio-cultural barriers on women entrepreneurship. The study concludes that there is significant impact of Socio-cultural barriers on women entrepreneurship.