The micro, small, and medium enterprises (MSMEs) are the backbone of Indian economy. MSMEs have significant contributions in the entrepreneurial activities in India. There is special focus on women-owned enterprises by Ministry of MSME with offering many schemes. The economic empowerment of women can be achieved through promoting micro and small-scale industries of women. This would also help in reducing poverty and gender inequality. The percentage of female population in India as per the 2011 census is 48.49%, and as per the MSME Ministry's Annual Report 2020-21, only 20% of the 63 million MSMEs in India are owned by women. India ranks a lowly 70th among 77 countries covered in the Female Entrepreneurship Index. It also has the third-highest gender gap in entrepreneurship across the world. Only 33% of early-stage entrepreneurs in India are women; male entrepreneurial activity rates exceed female entrepreneurial rates by 7%. © 2023, IGI Global.