Budget 2024: Women entrepreneurs call for increase in social support, women workforce participation

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Budget 2024: Women entrepreneurs call for increase in social support, women workforce participation - Economic Times

Quick Summary:

Experts await the upcoming budget with hopes of better social support for women to encourage participation in the workforce and improve the economic landscape.

Initiatives such as expanding the production-linked incentive scheme to labour-intensive sectors such as toys, furniture and apparel, as certain MSME sub-sectors can play a crucial role in creating jobs across demographics, including women,” says Shah.

The challenge is not restricted to modern startups but also extends to the MSME sector where women account for only 20% of the MSME workforce but contribute to 40% of the sector’s $400 billion credit gap, says the CEO of Kinara Capital.