In India, trans entrepreneurs are prevalent.

When we use the word” transgender,” we create the notion of either begging at the stop sign or train, or being involved in prostitution, leading to obvious misery in the lives of transgender people. Transgender people in India have historically experienced considerable social stigma and discrimination, which has hampered their ability to access training, employment, and monetary resources. Due to these discriminatory practices, they have been denied the opportunity to fit into mainstream culture, which has resulted in higher rates of poverty, unemployment, and limited access to healthcare and education. In its location decision NALSA vs. Union of India, the highest court of India in 2014 stressed the need for the verification of the transgender community in India. The third female designation of transgender people was confirmed by the supreme court of India, which also confirmed their right to self-identification. This constitutional recognition has helped to promote equality and give transgender people more opportunities to take on more of a role in numerous aspects of society. Additionally, the Government of India had introduced a bill to stop these techniques and enable the community in order to restore the balance against the unfair practices of trans people. Apart from providing a legal definition of a Transgender, the bill titled” Transgender Persons ( protection of Rights ) Act, 2019″ prohibits discrimination against transgender people in fields like education, employment, residence, and healthcare. The establishment of a National Council for Transgender Persons (NCT), which is made up of: ( i ) the Union Minister for Social Justice ( Chairperson ), ( ii ) the Minister of State for Social Justice ( Vice-Chairperson ), ( iii ) the Secretary of the Ministry of Social Justice; and ( iv) one representative from ministries like Health, Home Affairs, and Human Resources Development. Reps from the NITI Aayog and the National Human Rights Commission are also users. Express institutions will also be present. In addition to this, the Council will also represent five trans community members and five researchers from non-governmental organizations.

Despite the government’s comparatively few attempts, the trans community also faces social stigma and discrimination because of the structural barriers to their financial contribution, including limited exposure to property right and financial services. Trans group should be encouraged to develop entrepreneurs skills in order to overcome these obstacles and promote socio-economic equality.

Despite winning the legal fight for their reputation, the transgender community faces a myriad of difficulties as they navigate the American business environment. Apart from the widespread bias in society, the individual trans community lacks access to the avenues of resources that may promote economic growth and extricate from cultural stigma. The success story of the individual transgender does not reflect the larger community. As they embark on an innovative trip like this, the trans community encounter a myriad of difficulties.

Social Stigma: The trans community in India is subject to significant social shame and prejudice. This prejudice extends to enterprise, where trans entrepreneurs may face discrimination from investors for their business investments. People are hesitant to use the services offered by aspiring trans entrepreneurs to make a transformative change in their lives due to additional political shame and prejudice.

Access to economic sources: Due to social pressure, American households have to completely cut off the relations between their children and their transgender identities. They are subjected to a number of intimidations before being abandoned without any money at their disposal. Access to monetary resources is necessary to overcome these challenges and to guide a respectable life. However, the lack of access to capital, the disinterestedness of crowd funding, and the lack of a material governmental policy framework to support their entrepreneurial journey create an unfavorable environment.

Access to Infrastructure: The transgender community struggles to get system because of the societal constructions and preconceived notions of their sexual preference.

Aside from acquiring different tactical and management skills, the lack of initiatives to reach out to the transgender community to offer mentorship, training, and networking opportunities makes it difficult to create and successfully run an enterprise.

However, it becomes crucial for the Indian state to develop a policy framework that prohibits the same in the absence of anti-discriminatory laws against the transgender community. Because the neighborhood lacks home freedom, they need money to break the barriers and live a respectable living. Only if the micro-finance institutions are able to offer financial assistance without providing collateral security had a capital increase be possible. The Indian government made the decision to establish a National Council for Transgender Persons, which will have a powerful mechanism to develop and implement numerous community-related policies in accordance with the socio-economic framework of the various regions. A revolutionary initiative by the government is required to create an equitable and simply society for transgender communities that have been marginalized and denied their fundamental rights like education, health, and employment for a long time. This would only be possible if the transgender community had reservations about access to employment and education opportunities, in addition to holding exclusive loan disbursal drives to encourage them to pursue entrepreneurship.

At Maharashtra National Law University, Aurangabad, Dr. K. Vinay Kumar and T. Chandra Kanth Gupta are employed.