Are Women Entrepreneurs Afraid of the Numbers?

"The stereotype that women cannot handle money needs to change for more women entrepreneurs to emerge in India" says SBI Chairperson Arundhati Bhattacharya.

Speaking at the India Economic Summit, Mrs. Bhattacharya, who is also the Chairman of Board SWIFT India said that Raising funds through equity and providing collateral for debt are the root cause of financing deficit that women entrepreneurs face. "In entrepreneurship, you need equity in business. For men it is far more easier to raise money, though women are far better in repaying debt," she said.

The stereotype that women cannot handle money needs to change for more women entrepreneurs to emerge in India.

Bhattacharya further said when raising finance, women are either a little afraid of the numbers to go ahead and confidently state what sort of growth they were looking in the business for which the funds were required.

She also mentioned that "If you look at the financing gap, one reason is collateral, which is always a problem (for women), specially when you are trying to scale."

If you look at the financing gap, one reason is collateral, which is always a problem (for women), specially when you are trying to scale.
Source: Economic Times