India Has Millions of Female Entrepreneurs and They Need Easier Access to Money

Thursday, March 13, 2014

The number of women running their own businesses in India is expanding and banks need to find more ways to serve them, said a report this week from the IFC, which is the private-sector arm of the World Bank.

Women in India fully or partially own around three million small enterprises across the country. Their businesses include everything from tea stalls and vegetable stands to laundries and cellphone shops. The women-backed businesses employ over eight million people in India, according to the IFC report.

Source: The Wall Street Journal India (link opens in a new window)

financial inclusion, microfinance, poverty alleviation