Resource Library

Female Entrepreneurship and the Role of Business Development Services in Promoting Small and Medium Women Entrepreneurs in Sri Lanka

Author : Attygalle, K., Hirimuthugodage, D., Madurawala, S., Senaratne, A. et al.

Publisher: The Institute of Policy Studies of Sri Lanka and Oxfam Interntional, Sri Lanka

Place of Publish: Sri Lanka

Year: 2014

Page Numbers: 51

Acc. No: 4513

Class No: 305.4 FEM-SL

Category: Books & Reports

Type of Resource: Monograph

Languages: English

ISBN: .

Small and Medium Enterprises (SMEs) are of vital importance to the socio-economic growth of a country as they contribute to generation of employment, generation of income and poverty alleviation. The SME accounts for 95 percent of all firms in both developed and developing countries and while they contribute to the Gross Domestic Product of all countries, their value is of particular importance to the developing countries with high levels of unemployment, poverty and income inequality. The objective of this study is to examine the socio-economic and cultural barriers which hinder women's progression to SME sector. Furthermore it also looks at the existing and future opportunities for women to enter and lead SMEs with a special focus on access and availability of women-friendly Business Development Services (BDS) including development of business skills, technology transfer and linking with financial services. The study also aims to provide policy level recommendations to increase women entrepreneurs access to business development services and to identify national-level strategic priorities for stakeholders to work in economic justice with the aim of promoting women's economic leadership and enterprise culture among women. This report also presents five case studies from selected districts. The report concludes by stating that there is a severe lack of awareness of available business development services. Both the public sector and the private sector will have to make a significant effort to make entrepreneurs more aware of the services available. Findings of the survey affirm that there is an asymmetry of information that is affecting the performance of the women entrepreneurs. The study reveals that marketing services, direct marketing methodologies, new technologies, information on banking services, efficient machineries and market opportunities, taxation and market information were the main BDS required by both male and female entrepreneurs.