This paper unravels different right-based dimensions of gendered entrepreneurship in India and elaborates the hardcore reality the women entrepreneurs are facing right now, despite provisions of those rights and protection. Eventually the paper would justify the dire need of female enterprise in our socio-political and cultural space while contextualising the issue in economic perspective and locates the gender based dimension of entrepreneurship in Indian economy explaining the lacunae behind its slow growth. The following sections would sequentially clarify these issues. The paper opens up the discussion illustrating the constitutional provisions of women entrepreneurs as guaranteed by Indian constitution. Then consequently it elaborates the actual scenario of women entrepreneurs in Indian economy and assesses the reasons for its strengths and weaknesses. It also attempts to reason out the gap between actual and ideal position of women entrepreneurs especially from the rights based perspective. The concluding section summarises the whole analysis and suggesting some corrective measures as way ahead