A Study on Problems and Challenges Faced by the Women Entrepreneurs in Lucknow District

Abstract

Entrepreneurs play a very significant role in the development of a nation. These are the people who bring new ideas to
the market and work hard to make their ideas achievable with profits. Women Entrepreneurs is meant to be a group of
women who commence, manage, control, and exercise a business organization. Any enterprise run by a woman or group
of women comes under the head of women entrepreneurs. The Government of India (GOI 2006) has defined a female
entrepreneur as "A women entrepreneur is defined as an enterprise owned and controlled by women having a minimum
financial interest of 51% of the capital and giving at least 51% of employment generated in the enterprise to women.". In
other words, Women Entrepreneur is someone who takes up challenges to meet their personal desires, needs, and wants
and becomes financially independent. Earlier, it was observed that women were the most unexplored resource in the
field of entrepreneurship. But, today, females entrepreneurs have gained much recognition and importance in view of
establishing a new venture and contributing to the development and growth of the economy as a whole. In the city of
Lucknow, the women entrepreneurs didn't face the challenges of funding or ideas, but the main problem was the 'log kya
kahengey' attitude, and this is the main reason most women had not put their dreams to work. This research paper tries
to know about the problems and challenges faced by female entrepreneurs while doing business in the city of Lucknow.