As Pandit Jawaharlal Lal Nehru has once said that “When women move forward, the family moves, the village moves and then ultimately the Nation moves forward.”Entrepreneurship refers to the act of setting up a new business so as to take advantages from new opportunities. Entrepreneurs plays an important role in shaping the economy as they help in creation of new wealth, new jobs by inventing new products, process and services. It has been well recognized that economic development of the today’s woman is crucial for economic development of any country specially a developing country like India. Government of India is making very hard efforts to boost up the number of skilled women entrepreneurs in India. Many efforts had been made by the government at policy level, many programmes and schemes have been launched to support and promote entrepreneurship, particularly for women entrepreneurs in both urban and rural areas. But still, there seems a gap in activities of government of India and actual situations faced by entrepreneurs. In this research paper, an effort has been made to highlight the issues and challenges related with entrepreneurship that the women of our country face in the present times. This research paper lists down certain issues and challenges faced by entrepreneurs to meet their desired level of success and also some of the suggestions have been made to improve entrepreneurial situation in India.

Keywords: Entrepreneurship, Women Entrepreneurs, Urban & Rural Areas, Skilled Women, Economic Development.