Women entrepreneurship development in Bangladesh

By - Achia Nila

By Women In Digital
Last Modified : January 24, 2022 - 4:47 am

Women entrepreneurship development in Bangladesh

Women entrepreneurship development[..]-Image

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Women's entrepreneurship development is an essential part of human resource development. The development of women entrepreneurship is very low in Bangladesh, especially in rural areas. Entrepreneurship amongst women has been a recent concern. Women have become aware of their existence their rights and their work situation. However, women of the middle class are not too eager to alter their role in fear of social backlash. The progress is more visible among upper-class families in urban cities.

When a woman is empowered it does not mean that another individual becomes powerless or is having less power. On the contrary, if a woman is empowered her competencies towards decision-making will surely influence her family's behavior.


Concept of Entrepreneur

The word 'entrepreneur' derives from the French word "Entreprendre" (to undertake) .in the early 16th Century it was applied to persons engaged in military expeditions, and extend to cover construction and civil engineering activities in the 17th century, but during the 18thcentury, the word 'entrepreneur'‚  was used to refer to economic activities. Many authors have defined 'entrepreneur' differently‚  Generally, an entrepreneur is a person who combines capital and labor for production. According to Cantillion "entrepreneur is the agent who buys means of production at certain prices, in order to sell at prices that are certain at the moment at which he commits himself to his cost". According to P.F Drug


Concept of women Entrepreneur Enterprise

A small scale industrial unit or industry-related service or business enterprise, managed by one or more women entrepreneurs in concern, in which they will individually or jointly have a share capital of not less than 51% as shareholders of the private limited company, members of co-operative society".

How to Develop Women Entrepreneurs?

Right efforts from all areas are required in the development of women entrepreneurs and their greater participation in entrepreneurial activities. Following efforts can be taken into account for the effective development of women entrepreneurs.

1. Consider women as a specific target group for all developmental programmers.

2. Better educational facilities and schemes should be extended to women from the government part.

3. Adequate training program on management skills to be provided to women community.

4. Encourage women's participation in decision-making.

5. Vocational training to be extended to the women's community that enables them to understand the production process and production management.

6. Skill development to be done in women's polytechnics and industrial training institutes. Skills are put to work in training-cum-production workshops.

7. Training on professional competence and leadership skill to be extended to women entrepreneurs.

8. Training and counseling on a large scale of existing women entrepreneurs to remove psychological causes like lack of self-confidence and fear of success.

9. Counseling through the aid of committed NGOs, psychologists, managerial experts, and technical personnel should be provided to existing and emerging women entrepreneurs.

10. Continuous monitoring and improvement of training programmers.

11. Activities in which women are trained should focus on their marketability and profitability.

12. Making provision of marketing and sales assistance from the government part.

13. To encourage more passive women entrepreneurs the Women's training program should be organized that taught to recognize her own psychological needs and express them.

14. State finance corporations and financing institutions should permit by statute to extend purely trade-related finance to women entrepreneurs.

15. Women's development corporations have to gain access to open-ended financing.

16. The financial institutions should provide more working capital assistance both for small-scale ventures and large-scale ventures.

17. Making provision of microcredit system and enterprise credit system to the women entrepreneurs at the local level.

18. Repeated gender sensitization programmers should be held to train financiers to treat women with dignity and respect as persons in their own right.

19. Infrastructure, in the form of industrial plots and sheds, to set up industries is to be provided by state-run agencies.

20. Industrial estates could also provide marketing outlets for the display and sale of products made by women.

21. A Women Entrepreneur's Guidance Cell set up to handle the various problems of women entrepreneurs all over the state.

22. District Industries Centers and Single Window Agencies should make use of assisting women in their trade and business guidance.

23. Programmers for encouraging entrepreneurship among women are to be extended at the local level.

24. Training in entrepreneurial attitudes should start at the high school level through well-designed courses, which build confidence through behavioral games.

25. More governmental schemes to motivate women entrepreneurs to engage in small-scale and large-scale business ventures.

Entrepreneurship among women, no doubt improves the wealth of the nation in general and of the family in particular. Women today are more willing to take up activities that were once considered the preserve of men and have proved that they are second to no one with respect to contribution to the growth of the economy. Women entrepreneurship must be molded properly with entrepreneurial traits and skills to meet the changes in trends, challenges global markets, and also be competent enough to sustain and strive for excellence in the entrepreneurial arena

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