Budget 2024: Women entrepreneurs call for increase in social support, women workforce participation
budget in February said that improving the social and economic conditions of women was a priority area of the government. Experts say the full budget should take more steps in this area and announce measures to further this cause.
Aparajita Bharti, Co-founder at TQH Consulting, a public policy consulting firm, says the idea should be to focus on programmes that tap into the potential for entrepreneurial ventures through credit opportunities, financial literacy and skill development.
There is a need for a concerted focus on schemes and announcements that create enabling infrastructure like public toilets, working women’s hostels and creches for women; reduce and redistribute their unpaid care burden and improve last-mile connectivity; engender digital and financial literacy and skills for the future of work; and provide incentives for companies to hire and advance women in the workplace.
The budget needs to look at women entrepreneurs and clear some of the gaps in empowering them, says Hardika Shah, Founder & CEO, Kinara Capital. The gaps clearly indicate systemic biases, she says. Despite proven talent and business acumen, access to capital is a major obstacle women entrepreneurs face even today.
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