Entrepreneurial Skills & Micro-Finance And Its Effects On Socio-Economic Status Of Women Entrepreneurs

Document Type : Primary Research paper

Authors

1 Doctoral Research Scholar, Dept of Business Administration, Annamalai University, Chidambaram, Tamil Nadu, India.

2 Assistant Professor, Dept of Business Administration, Annamalai University, Chidambaram, Tamil Nadu, India.

Abstract

The purpose of the research attempts to identify the influence of entrepreneurial skills and micro-finance on socio-economic status of women entrepreneurs in Villupuram district. The analysis found that there is influence of entrepreneurial skills and micro-finance on socio-economic status of women entrepreneurs. The analysis discovered that there is influence of entrepreneurial skills and micro-finance on life satisfaction. It is also revealed that there is influence of socio-economic status of women entrepreneurs on life satisfaction. Hence, the research concluded that microfinance institutions should provide training to women entrepreneurs on entrepreneurial skills such as financial management skill, managerial skills, negotiation skills, and business knowledge. This will attract them to become enduring women entrepreneurs and also guide other women entrepreneurs with microfinance institutions to grow their firm and increase their life satisfaction.

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