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Benchmarking financial inclusion for women entrepreneurship – a study of Uttarakhand state of India

Nidhi Goel (Department of Management Studies, Gurukula Kangri Vishwavidyalaya, Haridwar, India)
Pankaj Madan (Department of Management Studies, Gurukula Kangri Vishwavidyalaya, Haridwar, India)

Benchmarking: An International Journal

ISSN: 1463-5771

Article publication date: 7 January 2019

Issue publication date: 11 February 2019

1273

Abstract

Purpose

Benchmarking is a very important tool to know the gap in your performance and best performance. It is possible to apply benchmarking in a wide variety of area. This paper uses benchmarking for assessing women entrepreneurship. Women entrepreneurship is a symbol of the balanced growth of the society. Financial inclusion schemes offered by the government are aimed to encourage a large number of women of the country to entrepreneurship. The purpose of this paper is to examine the effect of financial inclusion and others factor like family circumstances, benchmarking, entrepreneurial motivation and entrepreneurial intention of women on their decision to take up entrepreneurship as a career choice.

Design/methodology/approach

This research study is undertaken to understand the relation of financial inclusion schemes on women entrepreneurship and also to develop a cause–effect relationship. Here, financial inclusion effort is an independent variable, whereas women entrepreneurship is a dependent variable. A sample size of 250 women entrepreneur was taken. The sample was selected on the basis of convenience. Out of the total sample, 125 women belonged to the self-help group and 125 women were registered under the RSETI program of lead banks of Haridwar and Dehradun districts of the Uttarakhand state of India.

Findings

The results of the present study indicate that there is a statistically significant impact of financial inclusion on women entrepreneurship. It provides the platform to the women that help them in establishing a new business.

Research limitations/implications

Data for present study were collected from two districts of Uttarakhand. In future, data can be collected from different geographical areas of India for generalizing the findings of the study.

Practical implications

The results of present study indicate that there is a statistically significant impact of financial inclusion on women entrepreneurship. It provides the platform to the women that help them in establishing a new business. For promoting women toward entrepreneurship, the government has launched many schemes.

Social implications

After the study, the author found that the society will accept the fact that women entrepreneurship is emerging as a dire need for the country.

Originality/value

The author followed all the guidelines that were concerned about the originality of the paper. This paper is not under review of any journal.

Keywords

Citation

Goel, N. and Madan, P. (2019), "Benchmarking financial inclusion for women entrepreneurship – a study of Uttarakhand state of India", Benchmarking: An International Journal, Vol. 26 No. 1, pp. 160-175. https://doi.org/10.1108/BIJ-01-2018-0023

Publisher

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Emerald Publishing Limited

Copyright © 2019, Emerald Publishing Limited

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