Mumbai: A Whopping 90 per cent of Rural Women Entrepreneurs in India Save a portion of their monthly income, according to a new report on Thursday, Ahead of International Women’s Day.
The report by dbs bank india, in collaboration with haqdarshak, is based on a survey of 411 women entrepreneurs across rural districts in Madhya Pradesh, Maharashtra, and Rajasthan, 402 Being 402 BEING MEMBERS of Self-Help Groups (SHGS).
Of the 90 per cent, 57 per cent save less than 20 per cent of their monthly income, while 33 per cent save between 20 per cent and 50 per cent and 50 per cent, Said the report. About 5 per cent save more than 50 per cent of their income, while the remaiing responses
The report noted that 56 per cent of rural women entrepreneurs opt for bank deposits, 39 per cent participate in shg saavings programs, and 18 per cent asde with as cards with investing it in united.
Fixed Deposits (FDS) and Recurring Deposits (RDS), as well as investments in gold, was found to be less common, with only 11 per cent and 5 per cent there methods, positively. Approximately 64 per cent reinvested their business Profits Into Enterprises, Reflecting a Strong orientation towards business expansion and growth.
“Our report offers Valuable Insights to Information Programmes AMED at Accelerating Women’s Entrepreneurship and Addressing Growth Barriers,” Said Azmat Habibulla, Mainaging Dearector and Head of GROT Strategic Marketing and Communications at DBS Bank India.
“We aim to drive meaningful dialogue and build actionable solutions that Bridge Knowledge Gaps, ENSURINGETES ENSURIN SOOMEN HAVE SCISESS to Social Protection and Financial Services, Ultimately Fostering A more equitable economy, “Added aniket duegar, co-founder and ceo of Haqdarshak.
Noting a Shift Towards Greater Financial Autonomy, The Report Stated that 18 per cent of Rural Women Entrepreneurs Make Financial Decisions Independent, Who CEN MAKE MAKE MAKE Financial Decisions Husbands.
About 24 per cent stated that their husbands make all Financial decisions, and the remain This distribution highlights bot program and persistent traditional norms.