Women constitute almost half of the population of the entire world but their participation in the corporate world remained at low level for years as most of them continued with household activities despite having adequate educational background. Consequently, their involvement in paid activities in economic terms remained minimal. Government of India, over last few decades, emphasized the need for increased participation of women in the workforce which has resulted in motivating women of our country to look forward and extend their contribution to the economic growth of our country. This has been reflected from the numbers of female in gross enrollment ratio at school level and undergraduate level. The revolution in technology facilitated the process and accelerated it to a large extent. Various Government schemes have been launched, from time to time, to promote women education and their involvement in employee workforce. Their role as an entrepreneur and in the Board of various companies also validates their upliftment and unlocking their role which was confined to household activities only for many years. The present development of the society is in line with Sustainable Development Goal intended to be achieved globally. This study has been conducted to examine the changing role of Indian women in entrepreneurship with a view to highlight the prospects and challenges being faced by them. Various statistical tools and technique have been employed to derive meaningful interpretation. The outcome of the study would be of immense use for the policy makers and initiating corrective actions in the interest of entire society