49% of women-owned micro units wouldn’t be able to survive at all amid sudden revenue loss: Study

financialexpress.com

61 per cent of women-owned micro businesses in India remain unregistered with formalisation being a key barrier to the support of such enterprises, said a report on Thursday by global consulting firm MicroSave Consulting (MSC) in collaboration with microfinance association Sa-Dhan and supported by JPMorgan Chase. Moreover, sustainability is another key challenge faced by women micro businesses as nearly half of them (49 percent) said they would not be able to survive at all in case of a sudden loss of revenue. The research, covering six regions—Delhi-NCR, Gujarat, Maharashtra, Telangana, Karnataka, and Tamil Nadu— collected data through 1,460 computer-assisted personal interviews, key informant interviews with financial institutions and support organizations, and desk research. Read more