Analysis of Women Economic Empowerment through SME Entrepreneurship and Barriers to Sustainability: Case Example of Bangladesh

The rise of women entrepreneurship in Bangladesh has been impressive, with women making significant contributions to both household income and the country's GDP. Small and medium enterprises (SMEs) play a vital role in boosting Bangladesh's economic development, where women make up half of the population. Historically, women in Bangladesh faced great physical and emotional trauma during the early years of national development, causing many to retreat into their homes. However, the introduction of micro-credit systems, access to small loans, and technological advancements have empowered women to step outside and participate in economic activities. As a result, many women have entered the SME sector, aiming to improve their societal status while supporting their families. SMEs generally require low investment and have a high success rate, making them an accessible pathway for women to become entrepreneurs. Through this sector, women not only gain personal independence but also create employment for others, inspiring more women to engage in economic activities. These women entrepreneurs have become role models for others. Nevertheless, barrier such as limited access to funding, lack of education and training, insufficient marketing skills, family responsibilities, restrictive social norms, poor infrastructure, lack of information, and limited mobility hinder their sustainability in the sector. To overcome these barriers, strong support from both public and private sectors, along with effective government initiatives is essential.