The world over,govt. are encouraging the women to become entrepreneurs, irrespective of the country they belong to, whether in a developing economy or in the developed countries. The theme behind the effort is not only to empower women, who have a very less participation in the business world, but the thinking is that making the women self-sufficient will not only help their families but also the society at large.
Because of the internet, there are a large number of opportunities available for the budding female entrepreneurs, who can start some kind of business even from their homes. But even such businesses need some kind of financial aid or loan to make the initial investments. Every Govt. including the UK is wooing its women folk to come forward and create business enterprises. For this purpose, special schemes and incentives are being floated by the UK govt.
1. Business Proposal of Women are Considered More Favorably
It is an accepted fact, that across the world, the proposals from women entrepreneurs are given more weightage if the projects are viable and look profitable because the general perception is that if more women are turned into entrepreneurs, more families would be benefited and it would be better for overall economies of the countries as well as the economy of the world as a whole.
2. There are Special Provisions for Grants & Loans to Women Entrepreneurs
Every Govt. or even private lenders worth their name has some kind of special provisions for the women entrepreneurs. Business Grants UK, the Govt. agency for providing the financial support to the new and existing business people are willing to provide larger amounts to the women entrepreneurs if they found their projects viable and feel that these projects are going to help their families as well as the society as a whole.
3. The Applications of the Women Entrepreneurs Move Faster
It has been observed that the applications moved by women entrepreneurs for business grants or approvals for loans take lesser time to get through the process of sanctioning whether they apply for business grants from govt. departments or they apply for loans from banks, financial institutions or private lenders. One reason could be that many a women are more willing to work from home because of the dual kind of responsibilities they have to manage. In such cases the seed capital or the financial grant required may be quite low and hence easier to get through because the infrastructure required for such enterprises is not very capital intensive.
4. Women are Considered More Sincere towards their Work
There is generally a feeling that the females are more serious towards their work or business as compared to males and hence more likely to succeed in their business ventures, if given a proper chance and support in the form of financial assistance. Hence there application for grant of business grants or for approval of a loan for the business is more likely to get through.