From Worms to Wealth: How Women Entrepreneurs are Transforming Socioeconomic Status through Vermicompost in Raipur District of Chhattisgarh

Author: Dhaneshwari Sahu, H.K. Awasthi and N.V. Ravi Shekhar

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Abstract

Vermicompost presents itself as a highly effective solution for organic fertilizers used as soil additions. Female entrepreneurship emerges as a key component in the development of any economy. Novel enterprises help to create a thriving business environment by boosting economic growth, creating new job opportunities, and enhancing manufacturing processes and products. Although the share of women-owned and operated enterprises in India has consistently increased over the years, their overall representation remains extremely low. A previously tested questionnaire was used to obtain responses from these women regarding a variety of independent and dependent variables. The information collected was later categorized, correlated, and analyzed using averages and percentages as needed.

Keywords

women, Socioeconomics, entrepreneurs, vermicompost, correlation, regression

Conclusion

A correlation analysis was performed on the Arang block, yielding a result of 0.83873. Similarly, a correlation investigation on the Tilda block produced a result of 0.93518 (Ma et al., 2020). The correlation values (Shekhar & Biswas, 2018) for the Dharsiwa block were 0.97748, while the Abhanpur block correlated of 0.57369 (Shekhar et al., 2022). The socioeconomic characteristics of the Tilda and Dharsiwa blocks were greatly influenced by vermicompost production, as opposed to the Arang and Abhanpur blocks, where residents did not rely on it as a key source of income (Vuković et al., 2021). Vermicompost production became the principal source of income in the Tilda and Dharsiwa blocks, while the Arang and Abhanpur blocks relied on other sources. In their final matrix, all four blocks showed a similar connection. All four blocks were also subjected to regression analysis, which revealed that education, economic incentive, cosmopoliteness, and fatalism all contributed significantly to the rise of livelihood in vermicompost generation at the 5% level. When the other studied parameters were examined at the 5% level of significance, they showed less significance

References

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How to cite this article

Dhaneshwari Sahu, H.K. Awasthi and N.V. Ravi Shekhar (2024). From Worms to Wealth: How Women Entrepreneurs are Transforming Socioeconomic Status through Vermicompost in Raipur District of Chhattisgarh. Biological Forum – An International Journal, 16(3): 83-87