In India, entrepreneurship is considered as one of the best means of triggering economic and social development (Venkatsubramaniam, 2003). Entrepreneurship has been a male-dominated phenomenon from the very early age, but time has changed the situation and brought women as today’s most memorable and inspirational entrepreneurs. It is estimated that women entrepreneurs presently comprise about 10% of the total number of entrepreneurs in India, with the percentage growing every year. If the prevailing trends continue, it is likely that in another five years, women will comprise 20% of the entrepreneurial force (Saidapur et.al, 2012). In almost all the developed countries in the world, women are putting their steps at par with the men in the field of business. Recent statistics confirm that women’s economic activities play a crucial role in the growth of many of the world economies (Minniti et al., 2005; Roomi etal.).