Rural women entrepreneurship: key to industrial growth, social and economic development of a country - a study with reference to Tamilnadu State, India

This paper investigated the impacts of women entrepreneurship and the rural women’s entrepreneurial activity helps in Industrial, economically and social development of women’s in the rural parts of the country.
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Rural women entrepreneurship: key to industrial growth, social and economic development of a country - a study with reference to Tamilnadu State, India International Journal of Management (IJM) Volume 11, Issue 3, March 2020, pp. 325–336, Article ID: IJM_11_03_035 Available online at http://www.iaeme.com/ijm/issues.asp?JType=IJM&VType=11&IType=3 Journal Impact Factor (2020): 10.1471 (Calculated by GISI) www.jifactor.com ISSN Print: 0976-6502 and ISSN Online: 0976-6510 © IAEME Publication Scopus Indexed RURAL WOMEN ENTREPRENEURSHIP: KEY TO INDUSTRIAL GROWTH, SOCIAL AND ECONOMIC DEVELOPMENT OF A COUNTRY - A STUDY WITH REFERENCE TO TAMILNADU STATE, INDIA Dr. E. Joseph Rubert Assistant Professor, Department of Business Administration, St.Jerome’s College, Anandhanadarkudy, India J.Sahaya Shabu Assistant Professor, Department of Business Administration, St.Jerome’s College, Anandhanadarkudy, India ABSTRACT Rural Women’s entrepreneurial activity has enormously contributed to the Industrial, economic and social growth in the rural areas over the past few years in the state of Tamilnadu, India. The Micro, Small and Medium Enterprises started by rural women are classified into three categories of business activities such as manufacturing, trading and service sectors. This paper investigated the impacts of women entrepreneurship and the rural women’s entrepreneurial activity helps in Industrial, economically and social development of women’s in the rural parts of the country. The present study has analyzed the before and after effects of social and economic status of rural women with respect to women entrepreneurship. The study has also examined the industrial development in the rural areas through rural women entrepreneurship. A descriptive research study had been conducted through direct interview with the rural women entrepreneurs. Secondary data were also obtained from the websites and publications of government departments with respect to the programmers and promotion made for industrial development and promotion of rural women entrepreneurial activities. From the list of women entrepreneurs across the Tamilnadu state of India, 600 women entrepreneurs were interviewed as samples and data obtained were processed and analyzed using statistical tools and the outcomes of the findings were discussed in detail in the paper. Keywords: Women Entrepreneurs, Small Medium Enterprises, Social Impact, Economic Impact, Political Impact, Sustainable Economic Development Cite this Article: Dr. E. Joseph Rubert and J.Sahaya Shabu, Rural Women Entrepreneurship: Key to Industrial Growth, Social and Economic Development of a Country - A Study with Reference to Tamilnadu State, India., International Journal of Management (IJM), 11 (3), 2020, pp. 325–336. http://www.iaeme.com/IJM/issues.asp?JType=IJM&VType=11&IType=3 http://www.iaeme.com/IJM/index.asp 325 editor@iaeme.com Dr. E. Joseph Rubert and J.Sahaya Shabu 1. INTRODUCTION If India’s target on economic development has to be realized, then the women in the rural India has to empowered socially and economically, this would be done possible when the rural women are encouraged to participate in the entrepreneurial activities. The conventional thoughts in the minds of the society about women that is the women are born to care and raise a family should be changed. Women should be encouraged to actively participate equally in the activities of the society. Entrepreneurship is one such social activity that women has to be encouraged to participate and contribute to the development of the society. In rural India, older, married women ability for a basic skill and efficiency, is to set-up small, self-sustaining businesses. In the state of Tamilnadu the Micro, Small, Medium Enterprises (MSME)1 significantly contribute more in the economic and social development of the rural women in the state, it also act as a nursery for entrepreneurship and activities connected with it. In the year 2018 Tamilnadu has 8.44 Lakh registered MSMEs in the country. MSMEs sector contributes about 10% to the GSDP, it also created employment to about 58.83 Lakh persons and accounts for a total investment of Rs. 48,189 crores. Over 8000 varieties of business activities including manufacturing, trading and service sectors are operated in Tamilnadu through MSMEs. The entrepreneurs often seek support from the MSME officials in terms of business development, knowledge and skills for running a micro business, access to market and others. However, the rural areas across the state of Tamilnadu has their own socio - economic limitations, not well built like urban, limited access to training facilities, poor public transport, restricted mobility in remote geographies, etc often unfulfilled their need and wants. Though there are many challenges the thought was to have a unified entrepreneurship development programmers and entrepreneurial activities across the country that not only provides women with the capacity to access the market and finance but also provided them with psychological and emotional support for their social and economic development. The research studies related to entrepreneurship and entrepreneurial activities in the country reveal that a good number of women entrepreneurs have been encouraged over a period of time to undertake entrepreneurial activities and that shows a positive result in the growth of rural women entrepreneurs in the country. In rural India, almost 50 percent of all workers are self – employed and 57 percent among males and nearly 62 percent among females, while the corre ...