{"id":339562,"date":"2025-06-05T18:16:18","date_gmt":"2025-06-05T12:46:18","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=339562"},"modified":"2025-06-05T18:16:18","modified_gmt":"2025-06-05T12:46:18","slug":"empowering-women-in-green-businesses-a-pathway-to-indias-sustainable-future","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/empowering-women-in-green-businesses-a-pathway-to-indias-sustainable-future\/","title":{"rendered":"Empowering Women in Green Businesses: A Pathway to India\u2019s Sustainable Future"},"content":{"rendered":"<p><span style=\"font-weight: 400\">As India charts its path toward a <\/span><b>$30 trillion economy and carbon neutrality by 2070,<\/b><span style=\"font-weight: 400\"> the intersection <\/span><b>of gender empowerment and climate action<\/b><span style=\"font-weight: 400\"> is emerging as a game-changer. According to the <\/span><b>Council on Energy, Environment and Water (CEEW),<\/b><span style=\"font-weight: 400\"> green sectors in states like Odisha alone have a market potential of <\/span><b>$23 billion. <\/b><span style=\"font-weight: 400\">However, in 2024, <\/span><b>only 18% of Indian start-ups are led by women<\/b><span style=\"font-weight: 400\">. As <\/span><b>climate change accelerates<\/b><span style=\"font-weight: 400\"> and <\/span><b>green innovation becomes indispensable<\/b><span style=\"font-weight: 400\">, empowering women in green enterprises is not just about gender parity \u2014 it\u2019s <\/span><b>central to achieving India\u2019s vision of a sustainable, inclusive, and developed economy by 2047.<\/b><\/p>\n<table style=\"border-collapse: collapse;width: 100%\">\n<tbody>\n<tr>\n<td style=\"width: 100%;text-align: center\"><strong>Table of Content<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 100%\"><a href=\"#h1\">What are Green Businesses and Their Role in India\u2019s Growth?<\/a><br \/>\n<a href=\"#h2\">Why Women are Needed in the Green Business?<\/a><br \/>\n<a href=\"#h3\">What is the Significance Empowering Women in Green Business is Crucial for India\u2019s Sustainable Goals by 2047?<\/a><br \/>\n<a href=\"#h4\">What are the Challenges and Risks Facing Women in Green Business?<\/a><br \/>\n<a href=\"#h6\">What Can Be the Way Forward?<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span style=\"text-decoration: underline\"><b><a id=\"h1\"><\/a>What are Green Businesses and Their Role in India\u2019s Growth?<\/b><\/span><\/h2>\n<p><b>Green businesses<\/b><span style=\"font-weight: 400\"> are enterprises that create <\/span><b>products, services, and technologie<\/b><span style=\"font-weight: 400\">s that reduce <\/span><b>environmental harm<\/b><span style=\"font-weight: 400\"> while <\/span><b>ensuring economic viability<\/b><span style=\"font-weight: 400\">. They form a <\/span><b>crucial pillar of the transition<\/b><span style=\"font-weight: 400\"> to a <\/span><b>low-carbon, circular, and inclusive economy. <\/b><span style=\"font-weight: 400\">As per the<\/span><b> Economic Survey 2024-25, India\u2019s green sector could generate over 3 million jobs by 2030, provided supportive infrastructure, finance, and gender-inclusive policies are in place. <\/b><span style=\"font-weight: 400\">These enterprises contribute to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Reducing greenhouse gas emissions like <\/span><b>India\u2019s NDCs under Paris Agreement.<\/b><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Achieving <\/span><b>SDG 7 (Affordable and Clean Energy), SDG 9 (Industry, Innovation, Infrastructure),<\/b><span style=\"font-weight: 400\"> and <\/span><b>SDG 12 (Responsible Consumption and Production).<\/b><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Fulfilling India\u2019s <\/span><b>Panchamrit commitments and Net Zero by 2070 roadmap<\/b><span style=\"font-weight: 400\">.<\/span><\/li>\n<\/ul>\n<p><b>Types of Green Businesses in India:<\/b><\/p>\n<ol>\n<li style=\"font-weight: 400\"><b>Renewable Energy<\/b><span style=\"font-weight: 400\">: Solar, wind, and bioenergy firms like <\/span><b>SELCO India<\/b><span style=\"font-weight: 400\">.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Circular Economy Ventures<\/b><span style=\"font-weight: 400\">: Waste-to-wealth businesses like <\/span><b>Cancrie<\/b><span style=\"font-weight: 400\">, which converts industrial waste to nanomaterials.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Eco-friendly Manufacturing<\/b><span style=\"font-weight: 400\">: Energy-efficient construction (e.g., GRIHA-compliant buildings) and others like bamboo engineering and biodegradable packaging firms.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>E-waste Management<\/b><span style=\"font-weight: 400\">: Enterprises like <\/span><b>Attero Recycling<\/b><span style=\"font-weight: 400\">.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Sustainable Agriculture<\/b><span style=\"font-weight: 400\">: Organic input producers and agri-tech players promoting sustainable irrigation or vertical farming.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Sustainable Mobility<\/b><span style=\"font-weight: 400\">: EV manufacturing, e-mobility platforms.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400\">Government Schemes such as <\/span><b>Startup India<\/b><span style=\"font-weight: 400\">, <\/span><b>TIDE 2.0<\/b><span style=\"font-weight: 400\">, <\/span><b>Stand Up India<\/b><span style=\"font-weight: 400\">, <\/span><b>PM-KUSUM<\/b><b>, <\/b><b>Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME)<\/b><b>, <\/b><b>PLI for Battery Storage<\/b><b>, and the <\/b><b>National Green Hydrogen Mission<\/b><span style=\"font-weight: 400\"> are key enablers of such businesses.<\/span><\/p>\n<h2><span style=\"text-decoration: underline\"><b><a id=\"h2\"><\/a>Why Women are Needed in the Green Business?<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to <\/span><b>India Energy Outlook 2021<\/b><span style=\"font-weight: 400\"> by IEA, clean energy investment in India must grow from <\/span><b>$70 billion to over $160 billion annually to meet 2030 goals<\/b><span style=\"font-weight: 400\"> this creates a space ripe for green entrepreneurs. These benefits can be extended to women also.\u00a0 Green businesses <\/span><b>not only offer environmental returns<\/b><span style=\"font-weight: 400\"> but also <\/span><b>social and economic dividends,<\/b><span style=\"font-weight: 400\"> especially when led by women, <\/span><b>who are statistically more likely to reinvest profits<\/b><span style=\"font-weight: 400\"> into <\/span><b>community development.<\/b><\/p>\n<h2><span style=\"text-decoration: underline\"><b><a id=\"h3\"><\/a>What is the Significance Empowering Women in Green Business is Crucial for India\u2019s Sustainable Goals by 2047?<\/b><\/span><\/h2>\n<ol>\n<li><b> Inclusive Economic Growth and GDP Boost: According to McKinsey<\/b><span style=\"font-weight: 400\"> empowering women in green sectors <\/span><b>can unlock $770 billion in GDP by 2025.<\/b><span style=\"font-weight: 400\"> Women-led MSMEs tend to hire <\/span><b>10\u201330% more women<\/b><span style=\"font-weight: 400\">, creating <\/span><b>multiplier effects<\/b><span style=\"font-weight: 400\"> along with equal <\/span><b>labour force participation<\/b><span style=\"font-weight: 400\"> could boost <\/span><b>India\u2019s GDP by 18\u201327%<\/b><span style=\"font-weight: 400\">.<\/span><\/li>\n<li><b> Climate Resilience and Community Adaptation: UNDP and UN Women report<\/b><span style=\"font-weight: 400\"> that women are key to grassroots <\/span><b>climate adaptation<\/b><span style=\"font-weight: 400\">. It has been seen that women led enterprises <\/span><b>reinvest earnings into health, water, and education infrastructure<\/b><span style=\"font-weight: 400\">. <\/span><b>Example:<\/b><span style=\"font-weight: 400\"> SEWA\u2019s solar sisters electrify villages.<\/span><\/li>\n<li><b> Better Financial Performance and Creditworthiness: <\/b><span style=\"font-weight: 400\">Women-led enterprises <\/span><b>show higher repayment rates \u2014 97% as per World Bank and NABARD<\/b><span style=\"font-weight: 400\">. Unlocking green credit for women can transform financing landscapes.<\/span><\/li>\n<li><b> Grassroots Innovation and Green Solutions: <\/b><span style=\"font-weight: 400\">Women <\/span><b>bring local knowledge into sustainable product<\/b><span style=\"font-weight: 400\"> innovation <\/span><b>like solar cookstoves, biodegradable pads, and engineered bamboo homes<\/b><span style=\"font-weight: 400\">. Initiatives like <\/span><b>Cancrie (by Mahi Singh) innovate<\/b><span style=\"font-weight: 400\"> with <\/span><b>nano-waste materials<\/b><span style=\"font-weight: 400\"> for clean tech.<\/span><\/li>\n<li><b> Job Creation in Emerging Green Sectors: ILO projects 3 million green jobs<\/b><span style=\"font-weight: 400\"> in India <\/span><b>by 2030<\/b><span style=\"font-weight: 400\">. Women in <\/span><b>EV maintenance, waste management, and renewables<\/b><span style=\"font-weight: 400\"> can lead this transition. <\/span><b>Frontier Markets<\/b><span style=\"font-weight: 400\"> alone has generated <\/span><b>10,000+ green jobs for rural women<\/b><span style=\"font-weight: 400\">.<\/span><\/li>\n<li><b> Improved ESG and Corporate Governance: As per Boston Consulting Group <\/b><span style=\"font-weight: 400\">companies with greater gender diversity <\/span><b>outperform peers on ESG scores<\/b><span style=\"font-weight: 400\">. IMF also points that women-led governance scores <\/span><b>higher business ethics and sustainability<\/b><span style=\"font-weight: 400\">. This attracts <\/span><b>global green finance<\/b><span style=\"font-weight: 400\"> and <\/span><b>improves investor confidence<\/b><span style=\"font-weight: 400\">.<\/span><\/li>\n<li><b> Democratizing Green Technology Access: <\/b><span style=\"font-weight: 400\">Women often lead cooperative, locally-rooted ventures like <\/span><b>Karnataka SHGs distribute solar tech<\/b><span style=\"font-weight: 400\"> door-to-door, improving energy equity. Such innovations also reduce <\/span><b>energy poverty and emissions<\/b><span style=\"font-weight: 400\">.<\/span><\/li>\n<li><b> STEM Education and Role Modeling: <\/b><span style=\"font-weight: 400\">Programs like <\/span><b>Tata Steel\u2019s \u2018Women of Mettle\u2019<\/b><span style=\"font-weight: 400\"> and <\/span><b>entrepreneurs like Rashi Gupta of Vision Mechatronics<\/b><span style=\"font-weight: 400\"> inspire girls to join green engineering. Education in STEM enhances women\u2019s presence in high-tech climate roles.<\/span><\/li>\n<\/ol>\n<h2><span style=\"text-decoration: underline\"><b><a id=\"h4\"><\/a>What are the Challenges and Risks Facing Women in Green Business?<\/b><\/span><\/h2>\n<ol>\n<li><b> Limited Access to Institutional Finance: According to MoSPI<\/b><span style=\"font-weight: 400\"> only <\/span><b>1.1% of women entrepreneurs<\/b><span style=\"font-weight: 400\"> accessed institutional finance, while <\/span><b>79% relied on self-funding<\/b><span style=\"font-weight: 400\">. Green sectors require high initial capital this worsen women exclusion. Perceived gender and sectoral risks also reduce their credit flow.<\/span><\/li>\n<li><b> Gender Bias and Investor Stereotyping: <\/b><span style=\"font-weight: 400\">Women entrepreneurs face <\/span><b>deep-seated scepticism \u2014 \u201cWho is the man behind the scene?\u201d<\/b><span style=\"font-weight: 400\"> remains a frequent query. As per <\/span><b>PitchBook Global VC funding<\/b><span style=\"font-weight: 400\"> to all-female teams was just <\/span><b>2.3% in 2023<\/b><span style=\"font-weight: 400\">. Also the risk perception skews against both gender and green-tech.<\/span><\/li>\n<li><b> Underrepresentation in STEM and Tech Fields: According to AICTE, 2024<\/b><span style=\"font-weight: 400\"> only <\/span><b>19.2% of engineering graduates<\/b><span style=\"font-weight: 400\"> in India are women, restricting participation in EVs, hydrogen, and climate tech. <\/span><b>Tech-heavy green industries demand core STEM capabilities<\/b><span style=\"font-weight: 400\"> this exacerbates sectoral segregation which perpetuates a skills and leadership gap.<\/span><\/li>\n<li><b> Limited Role Models and Mentorship Access: <\/b><span style=\"font-weight: 400\">A lack of visible women in <\/span><b>climate-tech stifles aspiration<\/b><span style=\"font-weight: 400\"> and networking. Platforms like <\/span><b>WEP (Women Entrepreneurship Platform)<\/b><span style=\"font-weight: 400\"> remain underutilized at the grassroots. <\/span><b>Vanita Prasad of Revy also highlighted<\/b><span style=\"font-weight: 400\"> the vacuum in relatable guidance.<\/span><\/li>\n<li><b> Policy Complexity and Scheme Inaccessibility: <\/b><span style=\"font-weight: 400\">Despite numerous schemes, women entrepreneurs report difficulty in accessing support due to <\/span><b>complex documentation and lack of awareness<\/b><span style=\"font-weight: 400\">. <\/span><b>Cancrie cites <\/b><span style=\"font-weight: 400\">opaque <\/span><b>loan disbursal procedures and digital illiteracy<\/b><span style=\"font-weight: 400\"> deepens exclusion.<\/span><\/li>\n<li><b> Cultural Norms and Mobility Barriers: Care work, safety issues, and gender norms<\/b><span style=\"font-weight: 400\"> restrict women\u2019s mobility, especially in <\/span><b>semi-urban\/rural areas.<\/b><span style=\"font-weight: 400\"> These limitations reduce exposure to fieldwork, tech labs, and green start-up ecosystems. Social expectations also stunt scale and outreach.<\/span><\/li>\n<li><b> Digital Divide and Market Access Gaps: According to <\/b><span style=\"font-weight: 400\">NFHS-5 only <\/span><b>30% of Indian women<\/b><span style=\"font-weight: 400\"> use the internet regularly, restricting access to digital marketplaces and fintech. Women-led SHGs face exclusion from green e-commerce\/export channels. This undermines scale and competitiveness.<\/span><span style=\"font-weight: 400\"><br \/>\n<\/span> <b>8. Low Representation in Decision-Making Ecosystems: As per SEBI, 2024 only<\/b> <b>17.6% of board members<\/b><span style=\"font-weight: 400\"> in Indian listed companies are women. Green economic policies often lack <\/span><b>gender-responsive budgeting and design<\/b><span style=\"font-weight: 400\">. Women\u2019s exclusion reduces relevance and impact of sustainability strategies.<\/span><\/li>\n<\/ol>\n<h2><span style=\"text-decoration: underline\"><b><a id=\"h6\"><\/a>What Can Be the Way Forward?<\/b><\/span><\/h2>\n<ol>\n<li><b> Gender-Responsive Finance and ESG Transparency: <\/b><span style=\"font-weight: 400\">Mandate <\/span><b>annual gender-disaggregated<\/b> <b>credit <\/b><span style=\"font-weight: 400\">reporting by banks and VCs to <\/span><b>track equity in lending.<\/b><span style=\"font-weight: 400\"> Expand green credit lines under <\/span><b>SIDBI, NABARD<\/b><span style=\"font-weight: 400\"> and promote <\/span><b>Gender Lens Investing<\/b><span style=\"font-weight: 400\"> via <\/span><b>ESG frameworks<\/b><span style=\"font-weight: 400\">. <\/span><b>Example:<\/b><span style=\"font-weight: 400\"> SEBI: ESG must include gender metrics.<\/span><\/li>\n<li><b> One-Stop Digital Access for Green Schemes: <\/b><span style=\"font-weight: 400\">Develop an <\/span><b>AI-powered Green Women Entrepreneurs Portal<\/b><span style=\"font-weight: 400\"> with regional language support, single-window access to credit, training, and mentorship. Inspired by <\/span><b>Startup India Hub 2.0, <\/b><span style=\"font-weight: 400\">it should integrate central and state schemes for clarity and outreach. <\/span><b>Example:<\/b><span style=\"font-weight: 400\"> AI dashboard for women-led green startups<\/span><\/li>\n<li><b> Women-Led Innovation and Challenge Funds: <\/b><span style=\"font-weight: 400\">Launch a <\/span><b>\u20b9500 crore Green Innovation Challenge<\/b><span style=\"font-weight: 400\"> to fund climate-tech solutions by women. <\/span><b>Use blended finance and carbon credits<\/b><span style=\"font-weight: 400\"> to support scalable ventures in areas like bio-remediation, EVs, and sustainable design. <\/span><b>Example:<\/b><span style=\"font-weight: 400\"> \u20b9500 crore fund for women innovators.<\/span><\/li>\n<li><b> STEM Scholarships and Women-Centric Curriculum Reform: <\/b><span style=\"font-weight: 400\">Offer <\/span><b>green-tech fellowships<\/b><span style=\"font-weight: 400\"> under schemes like <\/span><b>&#8216;Women of Mettle&#8217;<\/b><span style=\"font-weight: 400\"> and include climate-smart modules in engineering and ITIs. As per <\/span><b>AICTE, 2024<\/b><span style=\"font-weight: 400\"> targeted support can bridge the <\/span><b>19.2% gender gap in engineering graduates<\/b><span style=\"font-weight: 400\">.<\/span><span style=\"font-weight: 400\"><br \/>\n<\/span> <b>Example:<\/b><span style=\"font-weight: 400\"> Tata Steel\u2019s Women of Mettle program.<\/span><\/li>\n<li><b> Decentralized Manufacturing and SHG Integration: <\/b><span style=\"font-weight: 400\">Promote rural <\/span><b>micro-units in bamboo<\/b><span style=\"font-weight: 400\">, <\/span><b>composting, solar devices by integrating SHGs <\/b><span style=\"font-weight: 400\">with government procurement and <\/span><b>GeM.<\/b><span style=\"font-weight: 400\"> States like <\/span><b>Tripura<\/b><span style=\"font-weight: 400\"> offer scalable bamboo cluster models linked to eco-tourism and green supply chains. <\/span><b>Example:<\/b><span style=\"font-weight: 400\"> Tripura bamboo cluster empowers SHGs.<\/span><\/li>\n<li><b> Green Incubators and Mentorship Cells: <\/b><span style=\"font-weight: 400\">Set up <\/span><b>State Renewable Energy Development Agency (SREDA)<\/b><span style=\"font-weight: 400\">-based incubators with dedicated women mentors. Expand NITI Aayog\u2019s <\/span><b>WEP and BRICS Bootcamps<\/b><span style=\"font-weight: 400\"> for localised access in Tier-2 and Tier-3 towns. <\/span><b>Example:<\/b><span style=\"font-weight: 400\"> WEP expands to Tier-2 green hubs<\/span><\/li>\n<li><b> CSR-Funded Bootcamps and Skilling Programs: <\/b><span style=\"font-weight: 400\">Mandate 10% of CSR funds under Schedule VII for green skills training, targeting women-led MSMEs. Replicate models like <\/span><b>Goldman Sachs\u2019 10,000 Women<\/b><span style=\"font-weight: 400\"> with a climate innovation focus. <\/span><b>Example:<\/b><span style=\"font-weight: 400\"> CSR funds support 10,000 green women<\/span><\/li>\n<li><b> E-Commerce and Procurement Quotas: <\/b><span style=\"font-weight: 400\">Reserve <\/span><b>10% of green public procurement<\/b><span style=\"font-weight: 400\"> for women-run MSMEs and add dedicated green categories on GeM, Flipkart, and Amazon. Helps address the market access gap faced by rural SHGs and eco-entrepreneurs. <\/span><b>Example:<\/b><span style=\"font-weight: 400\"> GeM adds women\u2019s green product section<\/span><\/li>\n<\/ol>\n<p><b>Conclusion:<br \/>\n<\/b><span style=\"font-weight: 400\">To achieve a sustainable <\/span><b>India by 2047,<\/b><span style=\"font-weight: 400\"> we must foster not just green innovation but gender equity. Empowering women in green business is not optional\u2014it is foundational to India\u2019s future.<br \/>\n<\/span><\/p>\n<table style=\"border-collapse: collapse;width: 100%\">\n<tbody>\n<tr>\n<td style=\"width: 100%\"><strong>Read More: <a href=\"https:\/\/www.thehindu.com\/opinion\/op-ed\/empowering-women-in-green-business\/article69656544.ece#:~:text=To%20unlock%20India's%20green%20growth,in%20shaping%20a%20sustainable%20future.\" target=\"_blank\" rel=\"noopener\">The Hindu<\/a><\/strong><br \/>\n<strong>UPSC Syllabus GS-2: Women empowerment\u00a0<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>As India charts its path toward a $30 trillion economy and carbon neutrality by 2070, the intersection of gender empowerment and climate action is emerging as a game-changer. According to the Council on Energy, Environment and Water (CEEW), green sectors in states like Odisha alone have a market potential of $23 billion. However, in 2024,&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/empowering-women-in-green-businesses-a-pathway-to-indias-sustainable-future\/\">Continue reading <span class=\"screen-reader-text\">Empowering Women in Green Businesses: A Pathway to India\u2019s Sustainable Future<\/span><\/a><\/p>\n","protected":false},"author":10391,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-339562","post","type-post","status-publish","format-standard","hentry","category-7-pm","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/339562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10391"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=339562"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/339562\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=339562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=339562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=339562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}