Factors Hindering Women Entrepreneurs' Access to Institutional Finance

Abstract

Women's empowerment in India is increasingly supported by the banking sector's revolutionary efforts, particularly in the areas of finance and economic independence. These efforts have helped women achieve socio-economic equity in society. Despite the government and public sector banks' commendable initiatives, there are specific criteria that financial institutions seek before providing loans to women entrepreneurs. This study, from a banker's perspective, identifies 22 critical factors that impact loan approval for women. Key findings highlight the significance of factors such as family background, report feasibility, financial support, loan repayment capacity, and willingness to take risks. These insights can inform policy development in India and other developing nations, fostering women's entrepreneurship, economic progress, and empowerment.