The government’s time befitting measures to empower women across the country have heaped extensive praise. The support which the government is giving to our women in order to make them self-reliant is commendable to say the least.
However, still female entrepreneurs face numerous challenges while starting a new business due to lack of basic entrepreneurial supportive factors. According to a report published in this daily on Saturday, women entrepreneurs have less working capital. So when their businesses face any loss, they lose the capital and it becomes harder for them to recover.
We have to develop women-friendly
business policies to change the
current scenario
The government is committed to women entrepreneurs’ access to finance, but the banks show lack of commitment. This is why women entrepreneurs usually don’t get the required loan at district, upazila, or union levels.
Bangladesh was ranked bottom among 58 countries in the 2020 Mastercard Index of Women Entrepreneurs (MIWE), which indicates the country’s failure in creating a supportive environment for women entrepreneurs.
Supportive environment should be created for the womenfolk in the country to provide them a better business environment. Access to capital is a major obstacle and banks here have to play a more vital role to give women entrepreneurs’ easy access to business loans.
We have to develop women-friendly business policies to change the current scenario. They should be provided with proper training and funding so that the social stigma and economic obstacles that they face to become women entrepreneurs can be removed.
